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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 2022-11-16 View latest technical analysis

10 day averaged volume of Megrisoft is 739

Date Daily Closing Price Open High Low Volume
16 Wed Nov 2022 111.40 120.00 120.00 106.20 0.968 times
15 Tue Nov 2022 114.00 116.05 116.05 108.00 0.245 times
14 Mon Nov 2022 111.25 117.00 117.00 106.10 0.38 times
11 Fri Nov 2022 107.45 112.85 114.00 103.15 1.858 times
10 Thu Nov 2022 103.65 103.30 112.95 97.00 1.375 times
09 Wed Nov 2022 104.80 114.95 115.00 103.25 1.827 times
07 Mon Nov 2022 114.70 115.00 115.00 114.70 0.03 times
04 Fri Nov 2022 114.40 118.50 118.50 107.00 0.112 times
03 Thu Nov 2022 113.80 123.95 123.95 105.50 0.258 times
02 Wed Nov 2022 116.15 111.05 126.00 111.00 1.832 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 109.9 as stoploss in an intra day buy trade for a target of 116.21. However, stock will show a bearish move below 109.9.

Share price targets for Megrisoft (Megrisoft)

Target Type Value
Downside Target 97.00
Downside Target 105.50
Downside Target 110.00
Upside Target 120.00
Upside Target 126.00
Upside Target 127.00
Upside Target 127.50
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 105
Downside Intraday Target 98.6
Upside Intraday Target 118.9
Upside Intraday Target 126.4
Upside Intraday Target 112.5

Weekly technical analysis of Megrisoft (Megrisoft)

Date Weekly Closing Price Open High Low Volume
16 Wed Nov 2022 111.40 117.00 120.00 106.10 0.313 times
11 Fri Nov 2022 107.45 115.00 115.00 97.00 0.999 times
04 Fri Nov 2022 114.40 112.70 126.00 105.50 10.315 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

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
16 Wed Nov 2022 111.40 118.60 126.00 97.00 1.918 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 down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Megrisoft (Megrisoft)

Indicator Name Indicator Value Indicator Signal
ADX 9, 17, 28 Sell
MACD -9, -9Buy
Stochastics 52None
CCI 18Sell
RSI 44Sell
OBV -1204Sell
VWAP 109Buy
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Megrisoft ( (Megrisoft) ) based on a short 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 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 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 but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 109.18 and Megrisoft (Megrisoft) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is 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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