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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 2022-05-16 View latest technical analysis

10 day averaged volume of Megrisoft is 150

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 121.40 121.40 121.40 121.40 0.02 times
13 Fri May 2022 121.40 121.40 121.40 121.40 0.007 times
12 Thu May 2022 121.40 120.05 121.75 114.05 0.493 times
11 Wed May 2022 120.05 123.70 123.70 114.85 0.453 times
10 Tue May 2022 120.85 121.00 121.00 120.80 0.173 times
09 Mon May 2022 117.50 117.60 117.60 117.50 0.193 times
06 Fri May 2022 117.60 119.00 119.00 108.15 2.547 times
05 Thu May 2022 113.80 124.80 124.80 113.05 2.7 times
04 Wed May 2022 119.00 129.90 129.90 119.00 1.233 times
02 Mon May 2022 125.20 131.95 131.95 125.20 1.653 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 119.4 as stoploss in an intra day buy trade for a target of 127.59. However, stock will show a bearish move below 119.4.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 103.00
Downside Target 108.15
Downside Target 114.05
Downside Target 121.40
Upside Target 127.50
Upside Target 139.75
Upside Target 148.95
Upside Target 151.50
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 121.4
Downside Intraday Target 121.4
Downside Intraday Target 121.4
Downside Intraday Target 121.4
Upside Intraday Target 121.4

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 121.40 121.40 121.40 121.40 0.015 times
13 Fri May 2022 121.40 117.60 123.70 114.05 0.162 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

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
16 Mon May 2022 121.40 131.95 131.95 108.15 0.283 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, 28, 53 Sell
MACD -11, -12Buy
Stochastics 51None
CCI 31Sell
RSI 41Sell
OBV -2074Sell
VWAP 118Buy
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

MACD generated a BUY signal for Megrisoft 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.

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. Bulls are getting stronger in this stock.

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 118.41 and Megrisoft (Megrisoft) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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