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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 2022-05-19 View latest technical analysis

10 day averaged volume of Megrisoft is 99

Date Daily Closing Price Open High Low Volume
19 Thu May 2022 121.60 121.85 121.85 112.10 0.121 times
18 Wed May 2022 118.00 122.90 122.90 118.00 0.03 times
17 Tue May 2022 120.50 121.00 121.00 120.50 0.02 times
16 Mon May 2022 121.40 121.40 121.40 121.40 0.03 times
13 Fri May 2022 121.40 121.40 121.40 121.40 0.01 times
12 Thu May 2022 121.40 120.05 121.75 114.05 0.747 times
11 Wed May 2022 120.05 123.70 123.70 114.85 0.687 times
10 Tue May 2022 120.85 121.00 121.00 120.80 0.263 times
09 Mon May 2022 117.50 117.60 117.60 117.50 0.293 times
06 Fri May 2022 117.60 119.00 119.00 108.15 3.859 times

My analysis of stock is bearish for shortterm, and stock might move down till 117.7 or till 109. Use a stoploss of 124.87 and if the stock hits stoploss, then it can shoot up till 132.07

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 103.00
Downside Target 108.15
Downside Target 112.10
Upside Target 122.90
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 114.83
Downside Intraday Target 108.07
Upside Intraday Target 125.63
Upside Intraday Target 129.67
Downside Intraday Target 118.87

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
19 Thu May 2022 121.60 121.40 122.90 112.10 0.101 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 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
19 Thu May 2022 121.60 131.95 131.95 108.15 0.287 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 7, 35, 68 Sell
MACD -11, -11Buy
Stochastics 67None
CCI -38Sell
RSI 45Sell
OBV -767Sell
VWAP 119Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short 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 Megrisoft ( (Megrisoft) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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

ADX buy sell signal for Megrisoft stock for short term is SELL. Signal strength is Strong and stock is gaining 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 moving up

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 negative zone. This is the SELL 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 118.6 and Megrisoft (Megrisoft) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Megrisoft (Megrisoft) stock. Volume based technical analysis of Megrisoft (Megrisoft) stock is negative.

Megrisoft Stock is giving positive 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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