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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 2024-10-15 View latest technical analysis

10 day averaged volume of Megasoft is 133153

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	62.83	63.10	64.70	61.50	0.492 times
14 Mon Oct 2024	63.28	64.75	64.90	63.00	0.458 times
11 Fri Oct 2024	65.39	67.00	68.38	63.72	1.025 times
10 Thu Oct 2024	66.94	66.60	67.25	64.00	0.934 times
09 Wed Oct 2024	65.37	65.00	66.50	64.00	0.465 times
08 Tue Oct 2024	64.28	66.00	66.00	61.31	0.451 times
16 Fri Feb 2024	69.55	66.85	69.55	66.50	1.098 times
15 Thu Feb 2024	66.25	66.25	67.80	65.00	1.22 times
14 Wed Feb 2024	64.95	59.50	65.35	59.50	1.639 times
13 Tue Feb 2024	62.60	63.25	65.60	62.60	1.27 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 61.4 as stoploss in an intra day buy trade for a target of 65.17. However, stock will show a bearish move below 61.4.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	43.30
Downside Target	47.00
Downside Target	54.10
Downside Target	56.65
Downside Target	58.00
Downside Target	59.50
Downside Target	61.31
Upside Target	64.75
Upside Target	67.15
Upside Target	68.38
Upside Target	69.55
Upside Target	71.00
Upside Target	75.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	61.25
Downside Intraday Target	59.68
Upside Intraday Target	64.65
Upside Intraday Target	66.48
Upside Intraday Target	63.08

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	62.83	64.75	64.90	61.50	0.33 times
11 Fri Oct 2024	65.39	66.00	68.38	61.31	0.431 times
16 Fri Feb 2024	69.55	65.90	69.55	59.50	0.883 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

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
15 Tue Oct 2024	62.83	66.00	68.38	61.31	0.235 times
16 Fri Feb 2024	69.55	60.25	75.00	59.50	0.615 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

Scroll below to view daily charts

Price has moved down 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Megasoft in short term but the sell signal is initial and weak.

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 red color and prices are below the red 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 SELL signal in short term but selling 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 65.4 and Megasoft (MEGASOFT_BE) 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 Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) stock is negative.

Megasoft 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.