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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 178146

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 69.70 69.60 70.65 67.10 1.463 times
16 Thu May 2024 67.30 69.35 69.45 66.70 0.639 times
15 Wed May 2024 69.35 69.00 70.00 68.15 0.361 times
14 Tue May 2024 69.30 71.00 71.00 68.40 0.759 times
13 Mon May 2024 70.15 69.35 70.15 68.05 1.222 times

My analysis of stock is bearish for shortterm, and stock might move down till 67.4 or till 62.3. Use a stoploss of 71.72 and if the stock hits stoploss, then it can shoot up till 75.99

Share price targets for Megasoft (MEGASOFT)

Target Type Value
Downside Target 37.50
Downside Target 57.50
Downside Target 63.60
Downside Target 66.70
Downside Target 69.50
Upside Target 71.00
Upside Target 74.50
Upside Target 76.80
Upside Target 78.50
Upside Target 81.80
Upside Target 93.90
Upside Target 106.35
Upside Target 107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type Value
Downside Intraday Target 67.27
Downside Intraday Target 64.83
Upside Intraday Target 71.57
Upside Intraday Target 73.43
Downside Intraday Target 69.13

Weekly technical analysis of Megasoft (MEGASOFT)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 69.70 69.35 71.00 66.70 0.8 times
10 Fri May 2024 66.85 74.50 74.50 63.60 1.809 times
03 Fri May 2024 72.50 78.50 78.50 71.95 0.475 times
26 Fri Apr 2024 77.25 76.20 81.80 75.05 0.887 times
19 Fri Apr 2024 74.25 76.55 76.80 69.50 1.309 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 Megasoft (MEGASOFT)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 69.70 74.85 75.20 63.60 0.376 times
30 Tue Apr 2024 73.35 93.90 93.90 69.50 0.431 times
28 Thu Mar 2024 89.45 90.95 107.25 67.25 0.993 times
29 Thu Feb 2024 87.95 77.10 106.35 76.00 0.979 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 18, 26, 18 Sell
MACD -4, -4Sell
Stochastics 46None
CCI 40Buy
RSI 51Buy
OBV 396355Sell
VWAP 68Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 buy signal for Megasoft in short term and BUY 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 67.8 and Megasoft (MEGASOFT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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