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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 2022-11-02 View latest technical analysis

10 day averaged volume of Megrisoft is 278

Date Daily Closing Price Open High Low Volume
02 Wed Nov 2022 116.15 111.05 126.00 111.00 4.871 times
01 Tue Nov 2022 120.80 118.60 124.00 108.05 5.547 times
31 Mon Oct 2022 113.45 112.70 121.00 110.65 2.14 times
28 Fri Oct 2022 122.90 123.00 123.00 113.95 0.288 times
27 Thu Oct 2022 126.55 113.10 127.00 113.00 0.763 times
25 Tue Oct 2022 120.00 120.00 120.00 120.00 0.036 times
24 Mon Oct 2022 118.00 112.00 118.30 112.00 0.227 times
21 Fri Oct 2022 122.00 127.50 127.50 113.05 0.583 times
20 Thu Oct 2022 123.60 123.95 123.95 123.60 0.022 times
19 Wed Oct 2022 123.70 124.90 124.90 123.70 0.137 times

Stock of Megrisoft (Megrisoft) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 116.9, but if it comes above 116.9, then a intra day buy could be more profitable.
If you take a sell trade below 116.9, then use 116.9 as stoploss and 111.9 as target. However if you take a buy trade in stock , then use 116.9 as stoploss and 120.97 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 98.60
Downside Target 108.05
Upside Target 126.00
Upside Target 127.50
Upside Target 128.95
Upside Target 129.00
Upside Target 135.00
Upside Target 145.00
Upside Target 176.75
Upside Target 186.50

Intraday share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Intraday Target 107.47
Downside Intraday Target 98.78
Upside Intraday Target 125.42
Upside Intraday Target 134.68
Upside Intraday Target 116.73

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
02 Wed Nov 2022 116.15 112.70 126.00 108.05 9.564 times
28 Fri Oct 2022 122.90 112.00 127.00 112.00 1.299 times
21 Fri Oct 2022 122.00 124.00 127.50 112.05 0.124 times
14 Fri Oct 2022 118.40 128.95 128.95 110.00 3.136 times
07 Fri Oct 2022 121.80 131.90 135.00 113.15 0.792 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megrisoft (Megrisoft)

Date Monthly Closing Price Open High Low Volume
02 Wed Nov 2022 116.15 118.60 126.00 108.05 0.685 times
31 Mon Oct 2022 113.45 131.90 135.00 110.00 0.608 times
30 Fri Sep 2022 130.00 169.10 176.75 113.10 0.897 times
30 Tue Aug 2022 178.00 141.00 186.50 129.00 1.113 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 8, 13, 22 Sell
MACD -7, -7Buy
Stochastics 41None
CCI -54Buy
RSI 48Sell
OBV -1688Sell
VWAP 119Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is

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 losing momentum.

MACD generated a BUY signal for Megrisoft in short term but the buy signal is initial and weak.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Megrisoft in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 118.55 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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