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(BRIGHT_SM) Bright Solar complete technical analysis [charts+indicators] | Buy/Sell Bright Solar | (BRIGHT_SM) share price targets

Complete technical analysis of Bright Solar (BRIGHT_SM) by charts plus indicators, forecast predictions and share price targets for Bright Solar (BRIGHT_SM)

Showing technical analysis as on 2024-04-30 View latest technical analysis

10 day averaged volume of Bright Solar is 139800

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	9.00	9.10	9.25	8.80	1.373 times
29 Mon Apr 2024	9.05	8.95	9.20	8.95	1.974 times
26 Fri Apr 2024	8.95	9.00	9.00	8.80	1.073 times
25 Thu Apr 2024	8.90	9.05	9.10	8.65	0.966 times
24 Wed Apr 2024	9.00	8.95	9.10	8.90	0.687 times
23 Tue Apr 2024	9.05	9.10	9.10	9.00	0.665 times
22 Mon Apr 2024	9.10	8.85	9.10	8.85	1.288 times
19 Fri Apr 2024	8.80	8.90	8.90	8.65	0.708 times
18 Thu Apr 2024	8.95	9.00	9.10	8.85	0.966 times
16 Tue Apr 2024	8.90	8.80	9.00	8.80	0.665 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.8 or till 8.4. Use a stoploss of 9.11 and if the stock hits stoploss, then it can shoot up till 9.41

Share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Target	5.45
Downside Target	8.00
Downside Target	8.20
Downside Target	8.60
Upside Target	9.10
Upside Target	9.45
Upside Target	9.85
Upside Target	10.05
Upside Target	11.80
Upside Target	12.50

Intraday share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Intraday Target	8.78
Downside Intraday Target	8.57
Upside Intraday Target	9.23
Upside Intraday Target	9.47
Upside Intraday Target	9.02

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	9.00	8.95	9.25	8.80	0.716 times
26 Fri Apr 2024	8.95	8.85	9.10	8.65	1.397 times
19 Fri Apr 2024	8.80	8.65	9.10	8.60	0.8 times
12 Fri Apr 2024	9.05	9.85	9.85	8.85	0.56 times
05 Fri Apr 2024	9.70	8.00	10.05	8.00	1.871 times

Price has moved up 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 Bright Solar (BRIGHT_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	9.00	8.00	10.05	8.00	0.78 times
28 Thu Mar 2024	8.15	10.75	11.80	8.00	0.28 times
29 Thu Feb 2024	10.25	9.90	12.50	9.10	74.485 times
31 Wed Jan 2024	9.45	9.45	9.45	9.45	0.03 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 Bright Solar (BRIGHT_SM)

Price action analysis of Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar ( (BRIGHT_SM) ) based on a short 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.

Price action analysis of Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar ( (BRIGHT_SM) ) based on a mid to longer 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.

ADX buy sell signal for Bright Solar stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bright Solar in short term and the sell signal is strong.

Bright Solar Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Bright Solar 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

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

Stock of Bright Solar is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.99 and Bright Solar (BRIGHT_SM) 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 Bright Solar (BRIGHT_SM) stock. Volume based technical analysis of Bright Solar (BRIGHT_SM) stock is negative.

Bright Solar Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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