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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 2022-11-24 View latest technical analysis

10 day averaged volume of Megasoft is 34634

Date Daily Closing Price Open High Low Volume
24 Thu Nov 2022 36.75 36.50 37.25 36.00 0.402 times
23 Wed Nov 2022 36.35 36.20 37.30 35.60 0.291 times
22 Tue Nov 2022 36.10 36.70 37.25 35.95 0.467 times
21 Mon Nov 2022 36.40 37.00 37.70 35.65 1.294 times
18 Fri Nov 2022 37.45 37.60 37.60 36.05 5.389 times
17 Thu Nov 2022 35.85 34.00 35.85 33.65 0.194 times
16 Wed Nov 2022 34.15 35.25 35.70 34.00 0.482 times
15 Tue Nov 2022 35.35 36.30 37.10 35.15 0.457 times
14 Mon Nov 2022 36.95 38.70 38.70 36.20 0.746 times
11 Fri Nov 2022 37.75 38.90 39.00 37.50 0.459 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.8 or till 41.6. Use a stoploss of 36.44 and if this stock hits its stoploss, then it can fall down till 34.08

Share price targets for Megasoft (Megasoft)

Target Type Value
Downside Target 31.40
Downside Target 33.65
Downside Target 34.75
Upside Target 37.50
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 35.67
Downside Intraday Target 34.58
Upside Intraday Target 37.77
Upside Intraday Target 38.78
Downside Intraday Target 36.68

Weekly technical analysis of Megasoft (Megasoft)

Date Weekly Closing Price Open High Low Volume
24 Thu Nov 2022 36.75 37.00 37.70 35.60 0.338 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
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

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
24 Thu Nov 2022 36.75 31.85 42.40 31.85 2.122 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Megasoft (Megasoft)

Indicator Name Indicator Value Indicator Signal
ADX 19, 22, 6 Sell
MACD -0, -0Buy
Stochastics 47None
CCI 24Buy
RSI 58Buy
OBV 248703Sell
VWAP 37Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Megasoft ( (Megasoft) ) 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 Megasoft ( (Megasoft) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 losing momentum.

MACD generated a BUY signal for Megasoft in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Megasoft Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megasoft in short term and BUY 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 36.89 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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