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(Megrisoft) Megrisoft complete technical analysis [charts+indicators] | Buy/Sell Megrisoft | (Megrisoft) share price targets

Complete technical analysis of Megrisoft (Megrisoft) by charts plus indicators, forecast predictions and share price targets for Megrisoft (Megrisoft)

Showing technical analysis as on 2021-05-10 View latest technical analysis

10 day averaged volume of Megrisoft is 93

Date Daily Closing Price Open High Low Volume
10 Mon May 2021 27.75 27.70 27.75 27.70 0.172 times
07 Fri May 2021 29.05 29.05 29.05 29.05 0.097 times
05 Wed May 2021 29.05 29.05 29.05 29.05 0.151 times
03 Mon May 2021 30.50 31.40 31.40 30.50 0.14 times
30 Fri Apr 2021 32.00 33.50 33.50 32.00 1.129 times
29 Thu Apr 2021 33.50 35.00 35.00 33.50 1.183 times
28 Wed Apr 2021 35.00 36.75 36.75 35.00 0.344 times
27 Tue Apr 2021 36.75 36.75 36.75 36.75 0.054 times
26 Mon Apr 2021 38.50 38.50 38.50 38.50 1.183 times
23 Fri Apr 2021 38.50 36.75 38.55 36.75 5.656 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 32.1, but if it comes above 32.1, then a intra day buy could be more profitable.
If you take a sell trade below 32.1, then use 32.1 as stoploss and 23.8 as target. However if you take a buy trade in stock , then use 32.1 as stoploss and 39.08 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 20.25
Downside Target 22.90
Downside Target 25.00
Downside Target 27.70
Upside Target 29.05
Upside Target 31.40
Upside Target 33.40
Upside Target 35.00
Upside Target 36.75
Upside Target 38.50
Upside Target 40.65
Upside Target 42.75
Upside Target 47.30
Upside Target 47.45
Upside Target 49.20

Intraday share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Intraday Target 27.72
Downside Intraday Target 27.68
Upside Intraday Target 27.77
Upside Intraday Target 27.78
Downside Intraday Target 27.73

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
10 Mon May 2021 27.75 27.70 27.75 27.70 0.444 times
07 Fri May 2021 29.05 31.40 31.40 29.05 0.099 times
30 Fri Apr 2021 32.00 38.50 38.50 32.00 0.679 times
23 Fri Apr 2021 38.50 40.65 40.65 36.75 8.597 times
15 Thu Apr 2021 42.75 47.30 47.30 42.75 0.32 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 Megrisoft (Megrisoft)

Date Monthly Closing Price Open High Low Volume
10 Mon May 2021 27.75 31.40 31.40 27.70 0.045 times
30 Fri Apr 2021 32.00 47.45 47.45 32.00 0.584 times
31 Wed Mar 2021 47.40 35.00 49.20 35.00 14.079 times
26 Fri Feb 2021 33.40 24.00 33.40 22.90 1 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 Megrisoft (Megrisoft)

Indicator Name Indicator Value Indicator Signal
ADX 10, 88, 80 Sell
MACD -3, -1Sell
Stochastics 0Sell
CCI -108Sell
RSI 44Sell
OBV -869Sell
VWAP 37Sell
ADL 0Sell
ROC -28Sell
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) 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 Megrisoft ( (Megrisoft) ) 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 Megrisoft ( (Megrisoft) ) 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 Megrisoft ( (Megrisoft) ) 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 Megrisoft stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Megrisoft in short term and the sell signal is strong.

Megrisoft 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 coming down

CCI has generated a SELL signal for Megrisoft 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Megrisoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.54 and Megrisoft (Megrisoft) 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 Megrisoft (Megrisoft) stock. Volume based technical analysis of Megrisoft (Megrisoft) stock is negative.

Megrisoft 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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