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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 2022-05-16 View latest technical analysis

10 day averaged volume of Megasoft is 28273

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 43.10 42.00 45.00 42.00 0.664 times
13 Fri May 2022 42.90 46.50 46.50 42.50 1 times
12 Thu May 2022 44.70 42.35 44.90 42.35 0.542 times
11 Wed May 2022 43.95 45.75 46.00 42.90 0.572 times
10 Tue May 2022 45.15 44.65 47.70 44.65 1.117 times
09 Mon May 2022 45.45 44.25 47.75 43.85 0.905 times
06 Fri May 2022 45.50 49.00 49.00 44.65 1.318 times
05 Thu May 2022 47.00 48.00 48.95 46.95 1.137 times
04 Wed May 2022 46.85 46.90 47.70 45.95 0.495 times
02 Mon May 2022 45.60 45.25 49.35 45.25 1.265 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.4, but if it comes above 44.4, then a intra day buy could be more profitable.
If you take a sell trade below 44.4, then use 44.4 as stoploss and 40 as target. However if you take a buy trade in stock , then use 44.4 as stoploss and 47.99 as target.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 38.70
Downside Target 40.00
Downside Target 42.00
Upside Target 44.65
Upside Target 46.70
Upside Target 47.75
Upside Target 49.35
Upside Target 52.00
Upside Target 55.20
Upside Target 55.85
Upside Target 56.25
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 41.73
Downside Intraday Target 40.37
Upside Intraday Target 44.73
Upside Intraday Target 46.37
Upside Intraday Target 43.37

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 43.10 42.00 45.00 42.00 0.161 times
13 Fri May 2022 42.90 44.25 47.75 42.35 0.981 times
06 Fri May 2022 45.50 45.25 49.35 44.65 0.701 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

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
16 Mon May 2022 43.10 45.25 49.35 42.00 0.32 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 13, 23, 28 Sell
MACD -4, -3Sell
Stochastics 16Sell
CCI -112Sell
RSI 46Sell
OBV -111378Sell
VWAP 45Sell
ADL 0Sell
ROC -8Sell
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 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 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 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 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 SELL signal for Megasoft in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 45.12 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.

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Daily charts

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Daily chart

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