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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 2022-11-16 View latest technical analysis

10 day averaged volume of Megasoft is 37163

Date Daily Closing Price Open High Low Volume
16 Wed Nov 2022 34.15 35.25 35.70 34.00 0.449 times
15 Tue Nov 2022 35.35 36.30 37.10 35.15 0.426 times
14 Mon Nov 2022 36.95 38.70 38.70 36.20 0.695 times
11 Fri Nov 2022 37.75 38.90 39.00 37.50 0.427 times
10 Thu Nov 2022 38.35 39.20 39.75 38.10 0.207 times
09 Wed Nov 2022 38.55 37.50 39.05 37.50 0.284 times
07 Mon Nov 2022 38.20 41.00 41.00 38.10 0.585 times
04 Fri Nov 2022 39.60 41.95 41.95 39.10 0.552 times
03 Thu Nov 2022 40.85 41.30 42.40 40.00 4.965 times
02 Wed Nov 2022 38.55 38.00 38.55 37.05 1.015 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.2 as stoploss in an intra day buy trade for a target of 35.78. However, stock will show a bearish move below 33.2.

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 31.40
Downside Target 33.00
Downside Target 34.00
Upside Target 34.75
Upside Target 37.00
Upside Target 38.25
Upside Target 38.70
Upside Target 41.00
Upside Target 42.40
Upside Target 44.00
Upside Target 47.70
Upside Target 48.00

Intraday share price targets for Megasoft (Megasoft)

Target Type Value
Downside Intraday Target 32.53
Downside Intraday Target 30.92
Upside Intraday Target 37.23
Upside Intraday Target 40.32
Upside Intraday Target 35.62

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
16 Wed Nov 2022 34.15 38.70 38.70 34.00 1.045 times
11 Fri Nov 2022 37.75 41.00 41.00 37.50 0.198 times
04 Fri Nov 2022 39.60 32.60 42.40 31.80 4.077 times
28 Fri Oct 2022 32.65 33.50 35.20 31.40 0.834 times
21 Fri Oct 2022 33.90 35.30 37.00 33.00 0.965 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
16 Wed Nov 2022 34.15 31.85 42.40 31.85 1.236 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
30 Tue Aug 2022 38.95 46.65 48.00 35.45 1.198 times

Scroll below to view daily charts

Price has moved up 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 22, 29, 14 Sell
MACD -1, -0Sell
Stochastics 28Sell
CCI -173Sell
RSI 60Buy
OBV 69097Sell
VWAP 39Sell
ADL 0Sell
ROC -3Sell
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 Weak 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 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 39.27 and Megasoft (Megasoft) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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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