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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 2023-01-16 View latest technical analysis

10 day averaged volume of Megasoft is 14804

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	30.15	31.00	31.35	30.05	0.66 times
13 Fri Jan 2023	30.60	31.30	31.30	29.80	0.963 times
12 Thu Jan 2023	30.10	31.10	31.20	29.75	0.933 times
11 Wed Jan 2023	30.85	31.65	31.95	29.90	2.697 times
10 Tue Jan 2023	31.40	31.35	33.00	30.10	1.865 times
09 Mon Jan 2023	31.85	33.05	33.15	31.40	1.243 times
06 Fri Jan 2023	32.05	32.30	32.55	31.60	0.57 times
05 Thu Jan 2023	32.25	31.45	33.10	31.45	0.552 times
04 Wed Jan 2023	32.25	32.05	33.70	31.45	0.724 times
03 Tue Jan 2023	32.65	33.80	33.80	32.25	0.175 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.9, but if it comes above 30.9, then a intra day buy could be more profitable.
If you take a sell trade below 30.9, then use 30.9 as stoploss and 29.4 as target. However if you take a buy trade in stock , then use 30.9 as stoploss and 32.2 as target.

Share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Target	29.25
Upside Target	31.35
Upside Target	33.15
Upside Target	33.80
Upside Target	35.00
Upside Target	35.25
Upside Target	37.50
Upside Target	38.25
Upside Target	42.40
Upside Target	44.00

Intraday share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Intraday Target	29.68
Downside Intraday Target	29.22
Upside Intraday Target	30.98
Upside Intraday Target	31.82
Upside Intraday Target	30.52

Weekly technical analysis of Megasoft (Megasoft)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	30.15	31.00	31.35	30.05	0.086 times
13 Fri Jan 2023	30.60	33.05	33.15	29.75	3.35 times
06 Fri Jan 2023	32.05	33.20	33.80	31.45	0.332 times
30 Fri Dec 2022	32.80	30.20	35.00	29.25	0.796 times
23 Fri Dec 2022	30.20	34.55	37.50	30.20	1.092 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 Mon Jan 2023	30.15	33.20	33.80	29.75	0.37 times
30 Fri Dec 2022	32.80	37.10	37.50	29.25	0.589 times
30 Wed Nov 2022	36.85	31.85	42.40	31.85	2.286 times
31 Mon Oct 2022	31.90	38.25	38.25	31.40	0.559 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)

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 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 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 and the buying is gaining 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 31.2 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.