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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 2024-10-31 View latest technical analysis

10 day averaged volume of Megasoft is 189797

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	68.95	67.00	69.70	67.00	0.414 times
30 Wed Oct 2024	66.65	65.55	68.80	65.55	0.328 times
29 Tue Oct 2024	67.67	66.71	67.90	66.00	0.408 times
28 Mon Oct 2024	66.71	65.00	67.90	62.50	0.752 times
25 Fri Oct 2024	65.40	67.10	71.45	65.40	1.18 times
24 Thu Oct 2024	68.85	71.01	72.48	68.85	2.325 times
23 Wed Oct 2024	72.48	72.49	72.49	67.30	3.381 times
22 Tue Oct 2024	69.04	69.04	69.04	69.04	0.632 times
21 Mon Oct 2024	65.76	65.76	65.76	65.76	0.18 times
18 Fri Oct 2024	62.63	61.51	63.99	61.01	0.236 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.8, but if it comes below 68.8, then a intra day sell could be more profitable.
If you take a sell trade below 68.8, then use 68.8 as stoploss and 66.17 as target. However if you take a buy trade in stock , then use 68.8 as stoploss and 72 as target.

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	65.40
Downside Target	67.15
Upside Target	69.55
Upside Target	69.70
Upside Target	71.00
Upside Target	72.49
Upside Target	75.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	64.4
Downside Intraday Target	59.85
Upside Intraday Target	71.6
Upside Intraday Target	74.25
Downside Intraday Target	67.05

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	68.95	65.00	69.70	62.50	0.247 times
25 Fri Oct 2024	65.40	65.76	72.49	65.40	4.268 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

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
31 Thu Oct 2024	68.95	66.00	72.49	61.01	1.173 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Megasoft stock for short term is BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term but selling is losing 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 69.21 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 positive

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