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(MelstarInfo) Melstar Info complete technical analysis [charts+indicators] | Buy/Sell Melstar Info | (MelstarInfo) share price targets

Complete technical analysis of Melstar Info (MelstarInfo) by charts plus indicators, forecast predictions and share price targets for Melstar Info (MelstarInfo)

10 day averaged volume of Melstar Info is 2758

Date Daily Closing Price Open High Low Volume
09 Fri Dec 2022 2.75 2.52 2.75 2.52 0.009 times
08 Thu Dec 2022 2.65 2.69 2.69 2.65 0.008 times
07 Wed Dec 2022 2.59 2.47 2.59 2.38 3.345 times
06 Tue Dec 2022 2.47 2.60 2.60 2.47 0.566 times
05 Mon Dec 2022 2.60 2.59 2.67 2.59 1.772 times
02 Fri Dec 2022 2.56 2.68 2.68 2.56 0.078 times
01 Thu Dec 2022 2.69 2.59 2.69 2.59 0.044 times
30 Wed Nov 2022 2.59 2.59 2.59 2.59 0.071 times
29 Tue Nov 2022 2.49 2.50 2.50 2.28 0.29 times
28 Mon Nov 2022 2.40 2.20 2.42 2.20 1.252 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.7, but if it comes below 2.7, then a intra day sell could be more profitable.
If you take a sell trade below 2.7, then use 2.7 as stoploss and 2.53 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 2.9 as target.

Share price targets for Melstar Info (MelstarInfo)

Target Type Value
Downside Target 1.92
Downside Target 2.10
Downside Target 2.16
Downside Target 2.38
Downside Target 2.46
Downside Target 2.57
Downside Target 2.69
Downside Target 2.75
Upside Target 2.77
Upside Target 2.84
Upside Target 2.85

Intraday share price targets for Melstar Info (MelstarInfo)

Target Type Value
Downside Intraday Target 2.5
Downside Intraday Target 2.26
Upside Intraday Target 2.87
Upside Intraday Target 3
Downside Intraday Target 2.63

Weekly technical analysis of Melstar Info (MelstarInfo)

Date Weekly Closing Price Open High Low Volume
09 Fri Dec 2022 2.75 2.59 2.75 2.38 3.287 times
02 Fri Dec 2022 2.56 2.20 2.69 2.20 0.304 times
25 Fri Nov 2022 2.31 2.57 2.57 2.10 1.928 times
18 Fri Nov 2022 2.59 2.46 2.75 2.46 3.169 times
11 Fri Nov 2022 2.58 2.74 2.84 2.48 0.222 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Melstar Info (MelstarInfo)

Date Monthly Closing Price Open High Low Volume
09 Fri Dec 2022 2.75 2.59 2.75 2.38 0.463 times
30 Wed Nov 2022 2.59 2.59 2.84 2.10 0.462 times
31 Mon Oct 2022 2.59 2.16 2.85 2.10 9.025 times
19 Mon Sep 2022 2.27 2.38 2.38 2.16 0.062 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Melstar Info (MelstarInfo)

Indicator Name Indicator Value Indicator Signal
ADX 29, 35, 9 Sell
MACD 0, -0Buy
Stochastics 92Buy
CCI 85Buy
RSI 48Sell
OBV 12382Sell
VWAP 3Buy
ADL 0Sell
ROC 19Buy
Force Index 0Sell

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a mid to longer term time period is

ADX buy sell signal for Melstar Info stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Melstar Info in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Melstar Info Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Melstar Info in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Melstar Info is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.55 and Melstar Info (MelstarInfo) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Melstar Info (MelstarInfo) stock. Volume based technical analysis of Melstar Info (MelstarInfo) stock is negative.

Melstar Info Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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