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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)

Showing technical analysis as on 2022-05-05 View latest technical analysis

10 day averaged volume of Megasoft is 30061

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 47.00 48.00 48.95 46.95 1.069 times
04 Wed May 2022 46.85 46.90 47.70 45.95 0.466 times
02 Mon May 2022 45.60 45.25 49.35 45.25 1.19 times
29 Fri Apr 2022 47.05 51.00 51.25 47.05 1.552 times
28 Thu Apr 2022 49.50 48.50 49.50 48.10 1.218 times
27 Wed Apr 2022 47.15 48.00 48.40 46.70 0.818 times
26 Tue Apr 2022 48.75 51.90 51.90 48.05 1.062 times
25 Mon Apr 2022 50.30 50.65 52.00 50.30 1.002 times
22 Fri Apr 2022 52.90 52.00 53.85 51.60 1.412 times
21 Thu Apr 2022 52.65 54.50 54.80 52.15 0.654 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.1, but if it comes above 48.1, then a intra day buy could be more profitable.
If you take a sell trade below 48.1, then use 48.1 as stoploss and 43.3 as target. However if you take a buy trade in stock , then use 48.1 as stoploss and 52.11 as target.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 38.70
Downside Target 40.00
Downside Target 45.25
Downside Target 46.70
Upside Target 49.35
Upside Target 52.00
Upside Target 55.20
Upside Target 56.25
Upside Target 59.85
Upside Target 60.40
Upside Target 71.85
Upside Target 87.75

Intraday share price targets for Megasoft (Megasoft)

Target Type Value
Downside Intraday Target 45.05
Downside Intraday Target 43.1
Upside Intraday Target 49.15
Upside Intraday Target 51.3
Upside Intraday Target 47.2

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 47.00 45.25 49.35 45.25 0.482 times
29 Fri Apr 2022 47.05 50.65 52.00 46.70 0.844 times
22 Fri Apr 2022 52.90 51.35 56.25 50.25 1.659 times
13 Wed Apr 2022 52.50 58.00 59.85 52.30 0.408 times
08 Fri Apr 2022 57.30 56.55 60.40 52.55 0.231 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
05 Thu May 2022 47.00 45.25 49.35 45.25 0.103 times
29 Fri Apr 2022 47.05 53.90 60.40 46.70 0.407 times
31 Thu Mar 2022 51.35 40.20 55.20 40.00 1.825 times
28 Mon Feb 2022 40.70 71.00 71.85 38.70 0.391 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 19, 25, 14 Sell
MACD -3, -2Sell
Stochastics 12Sell
CCI -57Buy
RSI 45Sell
OBV 102222Sell
VWAP 49Sell
ADL 0Sell
ROC -12Sell
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

Megasoft 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Megasoft in short term but BUY signal is weak.

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 48.79 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.

Click here for Megasoft charts

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Daily charts

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Daily chart

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