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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 2024-12-12 View latest technical analysis

10 day averaged volume of Megasoft is 111588

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	70.81	70.02	72.45	69.99	0.763 times
11 Wed Dec 2024	70.67	72.39	72.90	70.20	0.737 times
10 Tue Dec 2024	71.17	72.90	72.94	70.50	1.328 times
09 Mon Dec 2024	71.15	69.89	72.55	69.00	1.677 times
06 Fri Dec 2024	69.10	69.25	70.90	68.51	0.719 times
05 Thu Dec 2024	69.73	72.40	72.40	69.51	0.834 times
04 Wed Dec 2024	71.10	70.00	72.50	70.00	0.701 times
03 Tue Dec 2024	70.78	69.01	71.70	69.01	1 times
02 Mon Dec 2024	69.76	70.60	70.60	69.01	0.609 times
29 Fri Nov 2024	71.19	67.30	71.20	66.77	1.848 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 71 as stoploss in an intra day sell trade for a target of 69.72. However, stock will show a bullish move above 71.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	56.65
Downside Target	59.50
Downside Target	61.01
Downside Target	66.50
Downside Target	68.40
Upside Target	71.00
Upside Target	72.49
Upside Target	72.50
Upside Target	72.94
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	68.89
Downside Intraday Target	66.98
Upside Intraday Target	72.83
Upside Intraday Target	74.86
Upside Intraday Target	70.92

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	70.81	69.89	72.94	69.00	1.166 times
06 Fri Dec 2024	69.10	70.60	72.50	68.51	0.936 times
29 Fri Nov 2024	71.19	70.85	71.20	66.77	1.703 times
22 Fri Nov 2024	68.13	71.99	71.99	66.50	0.437 times
14 Thu Nov 2024	71.74	77.95	79.00	68.40	0.344 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
12 Thu Dec 2024	70.81	70.60	72.94	68.51	0.263 times
29 Fri Nov 2024	71.19	71.70	80.02	66.50	1.394 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

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 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 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 losing 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 tired and bears 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 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 70.72 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 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.