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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 34617

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 66.98 66.92 69.00 66.30 0.513 times
07 Tue May 2024 66.72 69.66 70.07 65.80 1.87 times
06 Mon May 2024 69.26 72.45 73.90 69.00 0.481 times
03 Fri May 2024 72.30 70.56 75.00 70.56 0.826 times
02 Thu May 2024 72.15 73.01 74.70 72.00 1.822 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 70.1, but if it comes above 70.1, then a intra day buy could be more profitable.
If you take a sell trade below 70.1, then use 70.1 as stoploss and 63.8 as target. However if you take a buy trade in stock , then use 70.1 as stoploss and 75.39 as target.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 56.77
Downside Target 58.12
Downside Target 65.80
Upside Target 69.54
Upside Target 73.90
Upside Target 77.00
Upside Target 77.55
Upside Target 78.12
Upside Target 82.09
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 63.89
Downside Intraday Target 60.79
Upside Intraday Target 71.99
Upside Intraday Target 76.99
Upside Intraday Target 68.89

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 66.98 72.45 73.90 65.80 0.671 times
03 Fri May 2024 72.30 77.46 78.12 70.56 0.488 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

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
08 Wed May 2024 66.98 73.01 75.00 65.80 0.169 times
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

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 12, 34, 49 Sell
MACD -5, -3Sell
Stochastics 5Sell
CCI -129Sell
RSI 48Sell
OBV -233744Sell
VWAP 72Sell
ADL 0Sell
ROC -15Sell
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 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 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 losing momentum.

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

Megasoft Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a SELL signal for Megasoft 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 positive zone. This is a BUY zone

Stock of Megasoft is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 72.43 and Megasoft (Megasoft) 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 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 negative.

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

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