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

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

10 day averaged volume of Megasoft is 61294

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 73.52 76.56 76.56 72.55 0.446 times
29 Mon Apr 2024 75.90 77.46 78.12 75.00 0.47 times
26 Fri Apr 2024 77.29 77.99 78.00 76.15 0.42 times
25 Thu Apr 2024 76.26 77.40 77.95 74.79 0.589 times
24 Wed Apr 2024 76.39 79.70 79.70 75.80 0.61 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 74, but if it comes above 74, then a intra day buy could be more profitable.
If you take a sell trade below 74, then use 74 as stoploss and 66.6 as target. However if you take a buy trade in stock , then use 74 as stoploss and 80.12 as target.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 46.31
Downside Target 56.77
Downside Target 58.12
Downside Target 66.85
Downside Target 69.54
Downside Target 71.00
Downside Target 72.55
Upside Target 74.79
Upside Target 77.00
Upside Target 82.09
Upside Target 86.00
Upside Target 89.85
Upside Target 93.80
Upside Target 106.00
Upside Target 107.22

Intraday share price targets for Megasoft (Megasoft)

Target Type Value
Downside Intraday Target 71.34
Downside Intraday Target 69.16
Upside Intraday Target 76.91
Upside Intraday Target 80.3
Upside Intraday Target 74.73

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 73.52 77.46 78.12 72.55 0.185 times
26 Fri Apr 2024 77.29 76.16 82.09 74.79 0.914 times
19 Fri Apr 2024 74.47 76.94 77.00 69.54 2.126 times
12 Fri Apr 2024 78.12 86.01 89.85 77.55 0.549 times
05 Fri Apr 2024 86.14 92.70 93.80 86.00 5.833 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 Megasoft (Megasoft)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 73.52 92.70 93.80 69.54 0.617 times
28 Thu Mar 2024 89.34 91.49 107.22 66.85 0.527 times
29 Thu Feb 2024 87.95 59.68 106.00 58.12 2.291 times
31 Wed Jan 2024 58.51 68.66 71.00 56.77 1.02 times

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 Megasoft (Megasoft)

Indicator Name Indicator Value Indicator Signal
ADX 19, 33, 26 Sell
MACD -2, -1Sell
Stochastics 48None
CCI -42Sell
RSI 52Buy
OBV -172229Sell
VWAP 76Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Megasoft ( (Megasoft) ) based on a short 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 Megasoft ( (Megasoft) ) 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 Megasoft ( (Megasoft) ) 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 Megasoft ( (Megasoft) ) 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 Megasoft stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Megasoft 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. Bears 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 Megasoft in short term and SELL signal is strong!

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 Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 75.67 and Megasoft (Megasoft) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Megasoft Stock has given negative 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.

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