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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 2022-05-11 View latest technical analysis

10 day averaged volume of Megrisoft is 174

Date Daily Closing Price Open High Low Volume
11 Wed May 2022 120.05 123.70 123.70 114.85 0.391 times
10 Tue May 2022 120.85 121.00 121.00 120.80 0.149 times
09 Mon May 2022 117.50 117.60 117.60 117.50 0.167 times
06 Fri May 2022 117.60 119.00 119.00 108.15 2.195 times
05 Thu May 2022 113.80 124.80 124.80 113.05 2.328 times
04 Wed May 2022 119.00 129.90 129.90 119.00 1.063 times
02 Mon May 2022 125.20 131.95 131.95 125.20 1.425 times
29 Fri Apr 2022 131.75 130.00 131.95 130.00 0.471 times
28 Thu Apr 2022 132.60 139.75 139.75 128.50 1.333 times
27 Wed Apr 2022 135.25 127.50 136.95 127.50 0.609 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 121.1, but if it comes above 121.1, then a intra day buy could be more profitable.
If you take a sell trade below 121.1, then use 121.1 as stoploss and 108.4 as target. However if you take a buy trade in stock , then use 121.1 as stoploss and 131.68 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 103.00
Downside Target 108.15
Downside Target 114.85
Upside Target 123.70
Upside Target 127.50
Upside Target 139.75
Upside Target 148.95
Upside Target 151.50
Upside Target 156.45
Upside Target 162.40
Upside Target 167.75
Upside Target 173.00
Upside Target 183.00

Intraday share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Intraday Target 115.37
Downside Intraday Target 110.68
Upside Intraday Target 124.22
Upside Intraday Target 128.38
Downside Intraday Target 119.53

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
11 Wed May 2022 120.05 117.60 123.70 114.85 0.101 times
06 Fri May 2022 117.60 131.95 131.95 108.15 1.264 times
29 Fri Apr 2022 131.75 127.60 139.75 127.50 0.572 times
22 Fri Apr 2022 134.30 151.50 151.50 129.50 1.556 times
13 Wed Apr 2022 147.85 148.55 156.45 141.25 0.88 times

Price has moved up 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
11 Wed May 2022 120.05 131.95 131.95 108.15 0.268 times
29 Fri Apr 2022 131.75 148.00 162.40 127.50 0.804 times
31 Thu Mar 2022 147.05 130.00 167.75 103.00 0.63 times
28 Mon Feb 2022 119.45 158.00 173.00 115.20 0.936 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 9, 30, 52 Sell
MACD -13, -11Sell
Stochastics 36None
CCI -47Sell
RSI 42Sell
OBV -1128Sell
VWAP 122Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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

Megrisoft 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 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 but selling is losing 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 121.78 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.

Click here for Megrisoft charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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