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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)

Showing technical analysis as on 2023-05-22 View latest technical analysis

10 day averaged volume of Melstar Info is 2579

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon May 2023	2.23	2.23	2.23	2.23	0.194 times
19 Fri May 2023	2.27	2.17	2.27	2.17	0.252 times
17 Wed May 2023	2.27	2.29	2.29	2.20	0.241 times
16 Tue May 2023	2.20	2.09	2.20	2.09	2.389 times
15 Mon May 2023	2.20	2.07	2.20	2.00	2.676 times
08 Mon May 2023	2.10	2.06	2.10	2.06	1.186 times
04 Thu May 2023	2.12	2.12	2.23	2.12	1.125 times
03 Wed May 2023	2.23	2.30	2.34	2.23	0.95 times
02 Tue May 2023	2.24	2.25	2.25	2.24	0.834 times
28 Fri Apr 2023	2.35	2.25	2.35	2.25	0.349 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.2 as stoploss in an intra day buy trade for a target of 2.35. However, stock will show a bearish move below 2.2.

Share price targets for Melstar Info (MelstarInfo)

Target Type	Value
Downside Target	2.00
Downside Target	2.06
Downside Target	2.23
Upside Target	2.34
Upside Target	2.37
Upside Target	2.38
Upside Target	2.52
Upside Target	2.55
Upside Target	2.57
Upside Target	2.94
Upside Target	3.10

Intraday share price targets for Melstar Info (MelstarInfo)

Target Type	Value
Downside Intraday Target	2.23
Downside Intraday Target	2.23
Downside Intraday Target	2.23
Downside Intraday Target	2.23
Downside Intraday Target	2.23

Weekly technical analysis of Melstar Info (MelstarInfo)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon May 2023	2.23	2.23	2.23	2.23	0.035 times
19 Fri May 2023	2.27	2.07	2.29	2.00	4.687 times
08 Mon May 2023	2.10	2.06	2.10	2.06	0.408 times
04 Thu May 2023	2.12	2.25	2.34	2.12	8.261 times
28 Fri Apr 2023	2.35	2.38	2.38	2.25	0.393 times

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

Monthly technical analysis of Melstar Info (MelstarInfo)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon May 2023	2.23	2.25	2.34	2.00	7.893 times
28 Fri Apr 2023	2.35	2.52	2.57	2.25	0.015 times
29 Wed Mar 2023	2.52	2.55	2.94	2.37	7.702 times
28 Tue Feb 2023	2.55	3.05	3.10	2.55	5.335 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Melstar Info (MelstarInfo)

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Melstar Info ( (MelstarInfo) ) based on a short 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Melstar Info in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.19 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 falling down

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 has given negative 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.