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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 2023-05-24 View latest technical analysis

10 day averaged volume of Melstar Info is 5600

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed May 2023	2.45	2.45	2.45	2.44	1.577 times
23 Tue May 2023	2.34	2.19	2.34	2.19	5.466 times
22 Mon May 2023	2.23	2.23	2.23	2.23	0.089 times
19 Fri May 2023	2.27	2.17	2.27	2.17	0.116 times
17 Wed May 2023	2.27	2.29	2.29	2.20	0.111 times
16 Tue May 2023	2.20	2.09	2.20	2.09	1.1 times
15 Mon May 2023	2.20	2.07	2.20	2.00	1.233 times
08 Mon May 2023	2.10	2.06	2.10	2.06	0.546 times
04 Thu May 2023	2.12	2.12	2.23	2.12	0.518 times
03 Wed May 2023	2.23	2.30	2.34	2.23	0.438 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2.5 as stoploss in an intra day sell trade for a target of 2.33. However, stock will show a bullish move above 2.5.

Share price targets for Melstar Info (MelstarInfo)

Target Type	Value
Downside Target	2.00
Downside Target	2.06
Downside Target	2.19
Downside Target	2.25
Downside Target	2.34
Downside Target	2.45
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	2.28
Downside Intraday Target	2.1
Upside Intraday Target	2.54
Upside Intraday Target	2.62
Downside Intraday Target	2.36

Weekly technical analysis of Melstar Info (MelstarInfo)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed May 2023	2.45	2.23	2.45	2.19	2.787 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 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
24 Wed May 2023	2.45	2.25	2.45	2.00	20.153 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 up 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 to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Melstar Info stock for short term is BUY. Signal strength is Weak and stock is gaining 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 red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2.3 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.