(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, -7 | Buy |
| Stochastics | 41 | None |
| CCI | -54 | Buy |
| RSI | 48 | Sell |
| OBV | -1688 | Sell |
| VWAP | 119 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
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.
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