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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 2023-05-25 View latest technical analysis

10 day averaged volume of Melstar Info is 6268

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu May 2023	2.55	2.54	2.57	2.54	0.64 times
24 Wed May 2023	2.45	2.45	2.45	2.44	1.409 times
23 Tue May 2023	2.34	2.19	2.34	2.19	4.884 times
22 Mon May 2023	2.23	2.23	2.23	2.23	0.08 times
19 Fri May 2023	2.27	2.17	2.27	2.17	0.104 times
17 Wed May 2023	2.27	2.29	2.29	2.20	0.099 times
16 Tue May 2023	2.20	2.09	2.20	2.09	0.983 times
15 Mon May 2023	2.20	2.07	2.20	2.00	1.101 times
08 Mon May 2023	2.10	2.06	2.10	2.06	0.488 times
04 Thu May 2023	2.12	2.12	2.23	2.12	0.463 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.5, but if it comes below 2.5, then a intra day sell could be more profitable.
If you take a sell trade below 2.5, then use 2.5 as stoploss and 2.33 as target. However if you take a buy trade in stock , then use 2.5 as stoploss and 2.6 as target.

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	2.52
Downside 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	2.3
Downside Intraday Target	2.06
Upside Intraday Target	2.68
Upside Intraday Target	2.82
Downside Intraday Target	2.44

Weekly technical analysis of Melstar Info (MelstarInfo)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu May 2023	2.55	2.23	2.57	2.19	3.066 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
25 Thu May 2023	2.55	2.25	2.57	2.00	21.4 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Melstar Info stock for short term is BUY. Signal strength is Strong 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

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 2.32 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.