Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-12 View latest technical analysis

10 day averaged volume of Megasoft is 263620

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	73.48	75.32	76.99	73.45	0.527 times
11 Mon Nov 2024	77.32	77.95	79.00	74.35	0.83 times
08 Fri Nov 2024	78.19	79.54	79.89	77.50	0.906 times
07 Thu Nov 2024	80.02	76.90	80.02	76.90	2.526 times
06 Wed Nov 2024	76.21	74.60	76.50	74.00	1.031 times
05 Tue Nov 2024	74.38	75.67	75.67	72.33	0.591 times
04 Mon Nov 2024	74.29	73.10	75.98	70.00	1.772 times
01 Fri Nov 2024	72.37	71.70	72.39	70.00	1.514 times
31 Thu Oct 2024	68.95	67.00	69.70	67.00	0.298 times
30 Wed Oct 2024	66.65	65.55	68.80	65.55	0.236 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 75.5 as stoploss in an intra day sell trade for a target of 70.29. However, stock will show a bullish move above 75.5.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	47.00
Downside Target	56.65
Downside Target	59.50
Downside Target	61.01
Downside Target	62.50
Downside Target	65.40
Downside Target	67.15
Downside Target	70.00
Downside Target	72.49
Downside Target	73.45
Upside Target	75.00
Upside Target	79.00
Upside Target	80.02

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	71.62
Downside Intraday Target	69.76
Upside Intraday Target	77.17
Upside Intraday Target	80.86
Upside Intraday Target	75.31

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	73.48	77.95	79.00	73.45	0.199 times
08 Fri Nov 2024	78.19	73.10	80.02	70.00	2.368 times
01 Fri Nov 2024	72.37	65.00	72.39	62.50	0.52 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

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
12 Tue Nov 2024	73.48	71.70	80.02	70.00	1.004 times
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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short 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.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short to mid 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.

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 losing momentum.

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

Megasoft Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 75.84 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.