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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)

10 day averaged volume of Megasoft is 186139

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	69.55	66.85	69.55	66.50	0.786 times
15 Thu Feb 2024	66.25	66.25	67.80	65.00	0.873 times
14 Wed Feb 2024	64.95	59.50	65.35	59.50	1.172 times
13 Tue Feb 2024	62.60	63.25	65.60	62.60	0.908 times
12 Mon Feb 2024	65.90	65.90	69.25	65.90	1.03 times
09 Fri Feb 2024	69.35	73.90	75.00	69.35	0.68 times
08 Thu Feb 2024	73.00	74.00	74.85	69.00	1.522 times
07 Wed Feb 2024	71.30	71.30	71.30	67.95	2.29 times
06 Tue Feb 2024	67.95	67.95	67.95	67.95	0.47 times
05 Mon Feb 2024	64.75	64.75	64.75	64.75	0.436 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.2, but if it comes below 68.2, then a intra day sell could be more profitable.
If you take a sell trade below 68.2, then use 68.2 as stoploss and 63.32 as target. However if you take a buy trade in stock , then use 68.2 as stoploss and 74 as target.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	41.00
Downside Target	43.30
Downside Target	47.00
Downside Target	50.60
Downside Target	54.10
Downside Target	56.65
Downside Target	58.00
Downside Target	61.70
Downside Target	64.75
Downside Target	67.15
Downside 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	62.85
Downside Intraday Target	56.15
Upside Intraday Target	72.9
Upside Intraday Target	76.25
Downside Intraday Target	66.2

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
25 Thu Jan 2024	58.20	58.80	58.80	56.65	1.307 times
19 Fri Jan 2024	60.00	64.75	65.00	60.00	0.587 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
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
30 Thu Nov 2023	50.00	44.60	54.10	43.30	1.253 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining 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 68.36 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.