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

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

10 day averaged volume of Megastar Foods is 8607

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 270.70 268.90 274.95 266.55 0.646 times
16 Thu May 2024 273.00 280.05 280.05 272.00 0.459 times
15 Wed May 2024 275.85 271.35 284.20 266.50 0.493 times
14 Tue May 2024 270.35 273.00 273.80 266.10 0.278 times
13 Mon May 2024 269.60 275.30 275.30 264.00 0.815 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 274.6, but if it comes above 274.6, then a intra day buy could be more profitable.
If you take a sell trade below 274.6, then use 274.6 as stoploss and 266.4 as target. However if you take a buy trade in stock , then use 274.6 as stoploss and 281.42 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type Value
Downside Target 261.15
Upside Target 272.55
Upside Target 282.95
Upside Target 295.00
Upside Target 298.40
Upside Target 305.90
Upside Target 308.95
Upside Target 347.00
Upside Target 352.00
Upside Target 369.95
Upside Target 380.00

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type Value
Downside Intraday Target 261.73
Downside Intraday Target 252.77
Upside Intraday Target 281.93
Upside Intraday Target 293.17
Upside Intraday Target 272.97

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 270.70 275.30 284.20 264.00 0.368 times
10 Fri May 2024 274.35 291.70 295.95 272.55 2.626 times
03 Fri May 2024 291.00 287.10 298.40 282.95 0.843 times
26 Fri Apr 2024 284.05 280.00 295.00 277.05 1.233 times
19 Fri Apr 2024 277.65 285.00 287.45 273.20 0.925 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 Megastar Foods (MEGASTAR)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 270.70 292.90 298.40 264.00 0.605 times
30 Tue Apr 2024 288.80 269.00 308.95 266.35 0.362 times
28 Thu Mar 2024 264.35 347.00 347.00 261.15 0.703 times
29 Thu Feb 2024 340.45 361.05 369.95 305.90 1.585 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 Megastar Foods (MEGASTAR)

Indicator Name Indicator Value Indicator Signal
ADX 17, 24, 17 Sell
MACD -12, -11Sell
Stochastics 27Sell
CCI -82Sell
RSI 47Sell
OBV 31119Sell
VWAP 280Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Megastar Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Megastar Foods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Megastar Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 280.05 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods 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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