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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 2023-03-17 View latest technical analysis

10 day averaged volume of Megasoft is 23185

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	24.23	24.00	24.95	24.00	0.932 times
16 Thu Mar 2023	24.33	24.15	24.54	23.30	1.227 times
15 Wed Mar 2023	24.95	26.70	26.75	24.45	0.597 times
14 Tue Mar 2023	25.94	25.65	26.20	25.31	1.955 times
13 Mon Mar 2023	26.33	26.97	27.21	26.00	0.719 times
10 Fri Mar 2023	26.97	27.21	27.45	26.80	0.418 times
09 Thu Mar 2023	27.50	28.19	28.19	27.50	1.365 times
08 Wed Mar 2023	27.67	27.25	28.10	27.10	0.459 times
06 Mon Mar 2023	27.53	29.40	29.40	27.29	1.382 times
03 Fri Mar 2023	27.55	27.26	29.65	27.15	1.496 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 23.7, for a target of 25.4 or 26.91

Share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Target	22.70
Downside Target	23.30
Upside Target	26.55
Upside Target	28.85
Upside Target	29.65
Upside Target	30.25
Upside Target	31.25
Upside Target	31.85
Upside Target	33.00
Upside Target	33.80
Upside Target	37.50
Upside Target	42.40

Intraday share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Intraday Target	22.62
Downside Intraday Target	21
Upside Intraday Target	26.53
Upside Intraday Target	28.82
Upside Intraday Target	24.91

Weekly technical analysis of Megasoft (Megasoft)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	24.23	26.97	27.21	23.30	1.498 times
10 Fri Mar 2023	26.97	29.40	29.40	26.80	0.741 times
03 Fri Mar 2023	27.55	28.40	29.65	26.55	0.479 times
24 Fri Feb 2023	27.95	29.65	30.25	22.70	2.645 times
17 Fri Feb 2023	29.05	29.00	31.25	27.70	1.238 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
17 Fri Mar 2023	24.23	28.15	29.65	23.30	0.534 times
28 Tue Feb 2023	29.00	30.00	33.00	22.70	1.461 times
31 Tue Jan 2023	30.15	33.20	33.80	28.85	0.792 times
30 Fri Dec 2022	32.80	37.10	37.50	29.25	0.589 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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

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 26.33 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.