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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 2022-08-02 View latest technical analysis

10 day averaged volume of Megrisoft is 359

Date Daily Closing Price Open High Low Volume
02 Tue Aug 2022 141.45 143.20 143.20 130.20 0.552 times
01 Mon Aug 2022 136.90 141.00 141.00 129.00 0.37 times
29 Fri Jul 2022 134.70 135.00 135.00 122.55 0.448 times
28 Thu Jul 2022 128.95 117.10 129.25 117.10 0.71 times
27 Wed Jul 2022 123.25 132.00 132.00 123.25 0.15 times
26 Tue Jul 2022 129.70 136.50 136.50 129.70 0.78 times
25 Mon Jul 2022 136.50 141.15 141.15 133.90 1.011 times
22 Fri Jul 2022 140.90 140.95 145.00 133.30 0.552 times
21 Thu Jul 2022 138.90 141.50 141.50 131.30 0.813 times
20 Wed Jul 2022 134.85 134.60 137.15 124.15 2.699 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 137.5, but if it comes below 137.5, then a intra day sell could be more profitable.
If you take a sell trade below 137.5, then use 137.5 as stoploss and 126.28 as target. However if you take a buy trade in stock , then use 137.5 as stoploss and 151 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 78.05
Downside Target 96.05
Downside Target 98.60
Downside Target 104.00
Downside Target 107.50
Downside Target 113.50
Downside Target 117.10
Downside Target 121.40
Downside Target 127.50
Downside Target 131.95
Downside Target 141.15
Upside Target 143.20
Upside Target 145.00
Upside Target 162.40

Intraday share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Intraday Target 132.57
Downside Intraday Target 123.68
Upside Intraday Target 146.77
Upside Intraday Target 152.08
Downside Intraday Target 137.88

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
02 Tue Aug 2022 141.45 141.00 143.20 129.00 0.297 times
29 Fri Jul 2022 134.70 141.15 141.15 117.10 0.46 times
22 Fri Jul 2022 140.90 132.20 145.00 121.40 1.628 times
15 Fri Jul 2022 126.40 114.40 128.00 104.00 1.32 times
08 Fri Jul 2022 109.15 108.75 113.50 98.60 0.371 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
02 Tue Aug 2022 141.45 141.00 143.20 129.00 0.048 times
29 Fri Jul 2022 134.70 98.65 145.00 98.60 0.884 times
30 Thu Jun 2022 103.80 94.80 107.50 78.05 3.806 times
31 Tue May 2022 99.75 131.95 131.95 96.05 0.412 times

Scroll below to view daily charts

Price has moved up 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 24, 12, 32 Buy
MACD 13, 12Buy
Stochastics 74Buy
CCI 77Buy
RSI 55Buy
OBV 2528Sell
VWAP 135Buy
ADL 0Sell
ROC 8Buy
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 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 to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Megrisoft ( (Megrisoft) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Megrisoft stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Megrisoft in short term and the buy signal is strong.

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

Megrisoft Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Megrisoft in short term and BUY signal is strong.

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 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 135.18 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 positive

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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