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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 12454

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 257.10 264.00 265.00 256.00 1.087 times
21 Tue May 2024 260.10 269.70 269.70 255.60 2.486 times
20 Mon May 2024 275.20 270.25 277.85 263.80 0.354 times
17 Fri May 2024 270.70 268.90 274.95 266.55 0.447 times
16 Thu May 2024 273.00 280.05 280.05 272.00 0.317 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 257.6, for a target of 269.3 or 279.04

Share price targets for Megastar Foods (MEGASTAR)

Target Type Value
Downside Target 255.60
Upside Target 261.15
Upside Target 272.55
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 249.18
Downside Intraday Target 241.27
Upside Intraday Target 271.43
Upside Intraday Target 285.77
Upside Intraday Target 263.52

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 257.10 270.25 277.85 255.60 2.111 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megastar Foods (MEGASTAR)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 257.10 292.90 298.40 255.60 0.91 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 13, 22, 26 Sell
MACD -15, -13Sell
Stochastics 20Sell
CCI -152Sell
RSI 43Sell
OBV -10891Sell
VWAP 272Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

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 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 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 Strong 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 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 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 272.07 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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