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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 2024-10-21 View latest technical analysis

10 day averaged volume of Megasoft is 87137

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	65.76	65.76	65.76	65.76	0.392 times
18 Fri Oct 2024	62.63	61.51	63.99	61.01	0.515 times
17 Thu Oct 2024	62.35	62.97	65.50	61.51	1.261 times
16 Wed Oct 2024	62.97	61.65	63.83	61.22	0.701 times
15 Tue Oct 2024	62.83	63.10	64.70	61.50	0.752 times
14 Mon Oct 2024	63.28	64.75	64.90	63.00	0.7 times
11 Fri Oct 2024	65.39	67.00	68.38	63.72	1.566 times
10 Thu Oct 2024	66.94	66.60	67.25	64.00	1.427 times
09 Wed Oct 2024	65.37	65.00	66.50	64.00	0.711 times
08 Tue Oct 2024	64.28	66.00	66.00	61.31	0.689 times

My analysis of stock is bearish for shortterm, and stock might move down till 62.9 or till 59.4. Use a stoploss of 65.87 and if the stock hits stoploss, then it can shoot up till 68.83

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	59.50
Downside Target	61.01
Downside 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	65.76
Downside Intraday Target	65.76
Downside Intraday Target	65.76
Downside Intraday Target	65.76
Downside Intraday Target	65.76

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	65.76	65.76	65.76	65.76	0.1 times
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

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
21 Mon Oct 2024	65.76	66.00	68.38	61.01	0.35 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Megasoft stock for short term is BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 64.38 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 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.