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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 2024-10-18 View latest technical analysis

10 day averaged volume of Megasoft is 98895

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	62.63	61.51	63.99	61.01	0.454 times
17 Thu Oct 2024	62.35	62.97	65.50	61.51	1.111 times
16 Wed Oct 2024	62.97	61.65	63.83	61.22	0.617 times
15 Tue Oct 2024	62.83	63.10	64.70	61.50	0.663 times
14 Mon Oct 2024	63.28	64.75	64.90	63.00	0.616 times
11 Fri Oct 2024	65.39	67.00	68.38	63.72	1.38 times
10 Thu Oct 2024	66.94	66.60	67.25	64.00	1.258 times
09 Wed Oct 2024	65.37	65.00	66.50	64.00	0.627 times
08 Tue Oct 2024	64.28	66.00	66.00	61.31	0.607 times
16 Fri Feb 2024	69.55	66.85	69.55	66.50	1.479 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 62.6 as stoploss in an intra day buy trade for a target of 65.67. However, stock will show a bearish move below 62.6.

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	61.01
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	60.59
Downside Intraday Target	58.56
Upside Intraday Target	65.08
Upside Intraday Target	67.54
Upside Intraday Target	63.05

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	62.63	64.75	65.50	61.01	0.894 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
18 Fri Oct 2024	62.63	66.00	68.38	61.01	0.334 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 and selling is picking up 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 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 65.2 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 positive

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