Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-07 View latest technical analysis

10 day averaged volume of Megasoft is 165351

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	71.30	71.30	71.30	67.95	2.578 times
06 Tue Feb 2024	67.95	67.95	67.95	67.95	0.53 times
05 Mon Feb 2024	64.75	64.75	64.75	64.75	0.491 times
02 Fri Feb 2024	61.70	61.70	61.70	61.70	0.695 times
01 Thu Feb 2024	60.50	60.25	60.50	60.20	0.993 times
31 Wed Jan 2024	59.35	58.00	59.35	58.00	1.162 times
30 Tue Jan 2024	58.20	60.50	60.50	58.20	3.398 times
29 Mon Jan 2024	59.35	59.35	59.35	59.35	0.142 times
25 Thu Jan 2024	58.20	58.20	58.20	58.20	0.345 times
24 Wed Jan 2024	57.10	57.65	57.65	56.65	1.368 times

Stock of Megasoft (MEGASOFT_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 71.1, for a target of 66.4 or 62.39

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	71.00
Downside Target	71.30

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	66.93
Downside Intraday Target	62.57
Upside Intraday Target	73.48
Upside Intraday Target	75.67
Downside Intraday Target	69.12

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	71.30	64.75	71.30	64.75	0.563 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
07 Wed Feb 2024	71.30	60.25	71.30	60.20	0.248 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.2 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.