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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 2024-02-13 View latest technical analysis

10 day averaged volume of Megasoft is 222981

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	62.60	63.25	65.60	62.60	0.758 times
12 Mon Feb 2024	65.90	65.90	69.25	65.90	0.86 times
09 Fri Feb 2024	69.35	73.90	75.00	69.35	0.568 times
08 Thu Feb 2024	73.00	74.00	74.85	69.00	1.271 times
07 Wed Feb 2024	71.30	71.30	71.30	67.95	1.912 times
06 Tue Feb 2024	67.95	67.95	67.95	67.95	0.393 times
05 Mon Feb 2024	64.75	64.75	64.75	64.75	0.364 times
02 Fri Feb 2024	61.70	61.70	61.70	61.70	0.516 times
01 Thu Feb 2024	60.50	60.25	60.50	60.20	0.736 times
31 Wed Jan 2024	59.35	58.00	59.35	58.00	0.862 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.1 or till 52.6. Use a stoploss of 62.65 and if the stock hits stoploss, then it can shoot up till 67.22

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
Upside Target	64.75
Upside Target	67.15
Upside Target	69.25
Upside Target	71.00
Upside Target	75.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	60.38
Downside Intraday Target	58.17
Upside Intraday Target	67.03
Upside Intraday Target	71.47
Upside Intraday Target	64.82

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	62.60	65.90	69.25	62.60	0.359 times
09 Fri Feb 2024	69.35	64.75	75.00	64.75	0.951 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

Price has moved down 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
13 Tue Feb 2024	62.60	60.25	75.00	60.20	0.466 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Megasoft in short term and the buy signal is strong.

Megasoft 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Megasoft in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 66.8 and Megasoft (MEGASOFT_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.