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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 11010

Date Daily Closing Price Open High Low Volume
09 Fri Dec 2022 35.00 36.05 36.05 34.90 2.152 times
08 Thu Dec 2022 36.00 36.50 37.00 35.80 1.339 times
07 Wed Dec 2022 36.80 36.50 37.20 36.50 0.446 times
06 Tue Dec 2022 36.55 35.65 37.35 35.65 1.704 times
05 Mon Dec 2022 36.30 35.70 36.95 35.70 0.691 times
02 Fri Dec 2022 36.75 37.00 37.05 36.60 0.175 times
01 Thu Dec 2022 36.65 37.10 37.30 36.25 0.47 times
30 Wed Nov 2022 36.85 36.50 37.70 36.15 1.079 times
29 Tue Nov 2022 37.15 38.70 38.70 37.00 1.815 times
28 Mon Nov 2022 38.15 36.35 38.50 36.35 1.347 times

Stock of Megasoft (Megasoft) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.6, but if it comes above 35.6, then a intra day buy could be more profitable.
If you take a sell trade below 35.6, then use 35.6 as stoploss and 34.5 as target. However if you take a buy trade in stock , then use 35.6 as stoploss and 36.43 as target.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 31.40
Downside Target 33.65
Downside Target 34.90
Upside Target 37.35
Upside Target 37.90
Upside Target 38.25
Upside Target 38.70
Upside Target 41.00
Upside Target 42.40
Upside Target 44.00
Upside Target 48.00

Intraday share price targets for Megasoft (Megasoft)

Target Type Value
Downside Intraday Target 34.15
Downside Intraday Target 33.3
Upside Intraday Target 36.6
Upside Intraday Target 38.2
Upside Intraday Target 35.75

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
09 Fri Dec 2022 35.00 35.70 37.35 34.90 1.296 times
02 Fri Dec 2022 36.75 36.35 38.70 36.15 0.565 times
25 Fri Nov 2022 36.95 37.00 37.90 35.60 0.378 times
18 Fri Nov 2022 37.45 38.70 38.70 33.65 4.508 times
11 Fri Nov 2022 37.75 41.00 41.00 37.50 0.198 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
09 Fri Dec 2022 35.00 37.10 37.35 34.90 0.106 times
30 Wed Nov 2022 36.85 31.85 42.40 31.85 2.303 times
31 Mon Oct 2022 31.90 38.25 38.25 31.40 0.555 times
30 Fri Sep 2022 37.25 38.50 44.00 35.25 1.091 times

Scroll below to view daily charts

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 14, 26, 32 Sell
MACD -0, -0Sell
Stochastics 17Sell
CCI -194Sell
RSI 54Buy
OBV 49769Sell
VWAP 37Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Megasoft ( (Megasoft) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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

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 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 below 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 36.51 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 positive

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

Click here for Megasoft charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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