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METALFORGE_BZ NEWS why is Metalyst Forgings Limited price falling or rising

METALFORGE_BZ NEWS reasons for why stock price of Metalyst Forgings Limited is falling or rising

METALFORGE_BZ Metalyst Forgings is falling or rising technical reasons

Technical analysis forecast for Metalyst Forgings Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Metalyst Forgings METALFORGE_BZ at this time. Stock is falling and might fall more.

It appears as if Metalyst Forgings METALFORGE_BZ gave a large move recently.

Stock of Metalyst Forgings (METALFORGE_BZ) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Metalyst Forgings is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Metalyst Forgings stays below 4.2, but if it comes above 4.2, then a intra day buy could be more profitable.
If you take a sell trade below 4.2, then use 4.2 as stoploss and 3.9 as target. However if you take a buy trade in Metalyst Forgings, then use 4.2 as stoploss and 4.44 as target.

METALFORGE_BZ Metalyst Forgings is falling or rising NEWS fundamental reasons

More announcements and NEWS

METALFORGE_BZ Metalyst Forgings Limited current price & indicator signals

Moving Averages for Metalyst Forgings Limited

  • 5Day Average: 4.32
  • 12Day Average: 4.39
  • 20Day Average: 4.53
  • 50Day Average: 4.54
  • 100Day Average: 4.26
  • 150Day Average: 3.84
  • 200Day Average: 3.65

METALFORGE_BZ Indicators & signals

Indicator MACD (12,26,9)

4.38, 4.45, -0.01
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 25, 28.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of METALFORGE_BZ Metalyst Forgings Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 4.05 4.05 to 4.05 -4.71% 3.77 times
16 Thu May 2024 4.25 4.25 to 4.60 -3.41% 0.74 times
15 Wed May 2024 4.40 4.35 to 4.75 -3.3% 0.95 times
14 Tue May 2024 4.55 4.15 to 4.55 4.6% 2.31 times
13 Mon May 2024 4.35 4.30 to 4.35 1.16% 0.1 times
10 Fri May 2024 4.30 4.30 to 4.35 -4.44% 0.66 times
09 Thu May 2024 4.50 4.25 to 4.55 1.12% 0.51 times
08 Wed May 2024 4.45 4.25 to 4.55 1.14% 1.12 times
07 Tue May 2024 4.40 4.25 to 4.60 -1.12% 0.36 times
06 Mon May 2024 4.45 4.30 to 4.60 -1.11% 0.33 times
03 Fri May 2024 4.50 4.30 to 4.60 0% 2.91 times
02 Thu May 2024 4.50 4.50 to 4.90 -4.26% 5.6 times

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METALFORGE_BZ NEWS why is Metalyst Forgings Limited price falling or rising

 

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