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(METALFORGE_BZ) Metalyst Forgings complete technical analysis [charts+indicators] | Buy/Sell Metalyst Forgings | (METALFORGE_BZ) share price targets

Complete technical analysis of Metalyst Forgings (METALFORGE_BZ) by charts plus indicators, forecast predictions and share price targets for Metalyst Forgings (METALFORGE_BZ)

10 day averaged volume of Metalyst Forgings is 10527

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	4.50	4.75	4.90	4.50	4.194 times
30 Tue Apr 2024	4.70	4.90	4.95	4.65	0.676 times
29 Mon Apr 2024	4.90	4.85	5.05	4.60	1.545 times
26 Fri Apr 2024	4.85	5.10	5.10	4.75	0.979 times
25 Thu Apr 2024	5.00	5.00	5.00	4.70	0.689 times
24 Wed Apr 2024	4.80	4.60	4.80	4.60	0.413 times
23 Tue Apr 2024	4.60	4.55	4.70	4.55	0.294 times
22 Mon Apr 2024	4.50	4.55	4.65	4.30	2.558 times
19 Fri Apr 2024	4.50	4.55	4.85	4.50	0.809 times
18 Thu Apr 2024	4.70	4.50	4.70	4.50	0.445 times

Stock of Metalyst Forgings (METALFORGE_BZ) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 4.3 or till 4. Use a stoploss of 4.57 and if the stock hits stoploss, then it can shoot up till 4.82

Share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Target	3.55
Downside Target	3.70
Downside Target	4.00
Downside Target	4.30
Downside Target	4.50
Upside Target	4.60
Upside Target	4.85
Upside Target	4.90
Upside Target	5.05
Upside Target	5.10
Upside Target	5.35
Upside Target	5.40

Intraday share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Intraday Target	4.32
Downside Intraday Target	4.13
Upside Intraday Target	4.87
Upside Intraday Target	5.23
Upside Intraday Target	4.68

Weekly technical analysis of Metalyst Forgings (METALFORGE_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	4.50	4.85	5.05	4.50	1.3 times
26 Fri Apr 2024	4.85	4.55	5.10	4.30	0.935 times
19 Fri Apr 2024	4.50	4.85	4.85	4.50	1.132 times
12 Fri Apr 2024	4.85	4.20	4.85	4.00	0.512 times
05 Fri Apr 2024	4.20	3.60	4.50	3.60	2.375 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 Metalyst Forgings (METALFORGE_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	4.50	4.75	4.90	4.50	0.16 times
30 Tue Apr 2024	4.70	3.60	5.10	3.60	0.685 times
28 Thu Mar 2024	3.75	3.85	5.40	3.75	6.801 times
26 Mon Feb 2024	3.70	4.40	4.60	3.70	0.251 times

Scroll below to view daily charts

Price has moved down 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 Metalyst Forgings (METALFORGE_BZ)

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short to mid 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 Metalyst Forgings ( (METALFORGE_BZ) ) 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 Metalyst Forgings stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Metalyst Forgings in short term but the sell signal is initial and weak.

Metalyst Forgings 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.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Metalyst Forgings in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Metalyst Forgings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.63 and Metalyst Forgings (METALFORGE_BZ) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Metalyst Forgings (METALFORGE_BZ) stock. Volume based technical analysis of Metalyst Forgings (METALFORGE_BZ) stock is negative.

Metalyst Forgings 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.