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(MEGASOFT_BE) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT_BE) share price targets

Complete technical analysis of Megasoft (MEGASOFT_BE) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT_BE)

Showing technical analysis as on 2024-02-06 View latest technical analysis

10 day averaged volume of Megasoft is 172329

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	67.95	67.95	67.95	67.95	0.508 times
05 Mon Feb 2024	64.75	64.75	64.75	64.75	0.471 times
02 Fri Feb 2024	61.70	61.70	61.70	61.70	0.667 times
01 Thu Feb 2024	60.50	60.25	60.50	60.20	0.952 times
31 Wed Jan 2024	59.35	58.00	59.35	58.00	1.115 times
30 Tue Jan 2024	58.20	60.50	60.50	58.20	3.261 times
29 Mon Jan 2024	59.35	59.35	59.35	59.35	0.136 times
25 Thu Jan 2024	58.20	58.20	58.20	58.20	0.331 times
24 Wed Jan 2024	57.10	57.65	57.65	56.65	1.313 times
23 Tue Jan 2024	57.65	57.65	57.65	57.65	0.841 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 66, but if it comes below 66, then a intra day sell could be more profitable.
If you take a sell trade below 66, then use 66 as stoploss and 62.28 as target. However if you take a buy trade in stock , then use 66 as stoploss and 70.5 as target.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	41.00
Downside Target	43.30
Downside Target	47.00
Downside Target	50.60
Downside Target	54.10
Downside Target	56.65
Downside Target	58.00
Downside Target	60.00
Downside Target	61.70
Downside Target	64.75
Downside Target	67.15
Downside Target	67.95
Upside Target	71.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	65.82
Downside Intraday Target	63.68
Upside Intraday Target	69.02
Upside Intraday Target	70.08
Downside Intraday Target	66.88

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	67.95	64.75	67.95	64.75	0.16 times
02 Fri Feb 2024	61.70	59.35	61.70	58.00	1.804 times
25 Thu Jan 2024	58.20	58.80	58.80	56.65	1.307 times
19 Fri Jan 2024	60.00	64.75	65.00	60.00	0.587 times
12 Fri Jan 2024	65.80	70.35	71.00	65.80	0.8 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 Megasoft (MEGASOFT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	67.95	60.25	67.95	60.20	0.127 times
31 Wed Jan 2024	59.35	68.45	71.00	56.65	1.149 times
29 Fri Dec 2023	67.15	49.00	67.15	47.00	1.232 times
30 Thu Nov 2023	50.00	44.60	54.10	43.30	1.253 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 Megasoft (MEGASOFT_BE)

Price action analysis of Megasoft ( (MEGASOFT_BE) ) 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 Megasoft ( (MEGASOFT_BE) ) 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 Megasoft ( (MEGASOFT_BE) ) 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 Megasoft stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Megasoft 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.

Megasoft 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 Megasoft 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 Megasoft is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.46 and Megasoft (MEGASOFT_BE) 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 Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) stock is negative.

Megasoft 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.