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(MEGASTAR) Megastar Foods complete technical analysis [charts+indicators] | Buy/Sell Megastar Foods | (MEGASTAR) share price targets

Complete technical analysis of Megastar Foods (MEGASTAR) by charts plus indicators, forecast predictions and share price targets for Megastar Foods (MEGASTAR)

10 day averaged volume of Megastar Foods is 9235

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	282.40	283.50	287.45	277.05	0.537 times
16 Tue Apr 2024	282.10	282.80	283.95	279.05	0.239 times
15 Mon Apr 2024	281.30	285.00	285.95	274.05	0.972 times
12 Fri Apr 2024	289.05	286.55	291.00	283.70	0.634 times
10 Wed Apr 2024	285.10	293.40	293.40	280.05	0.885 times
09 Tue Apr 2024	291.90	298.20	301.20	290.30	0.704 times
08 Mon Apr 2024	296.70	300.90	305.05	294.50	0.472 times
05 Fri Apr 2024	299.35	290.00	308.95	285.50	1.831 times
04 Thu Apr 2024	286.15	285.50	290.95	285.00	3.042 times
03 Wed Apr 2024	284.05	290.00	290.00	282.05	0.656 times

My analysis of stock is bearish for shortterm, and stock might move down till 277.6 or till 268.7. Use a stoploss of 285.06 and if the stock hits stoploss, then it can shoot up till 292.5

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	261.15
Downside Target	274.05
Upside Target	287.45
Upside Target	305.05
Upside Target	308.95
Upside Target	347.00
Upside Target	352.00
Upside Target	352.55
Upside Target	369.95
Upside Target	380.00
Upside Target	395.00

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	275.15
Downside Intraday Target	267.9
Upside Intraday Target	288.55
Upside Intraday Target	294.7
Downside Intraday Target	281.3

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	282.40	285.00	287.45	274.05	0.648 times
12 Fri Apr 2024	289.05	300.90	305.05	280.05	0.35 times
05 Fri Apr 2024	299.35	269.00	308.95	266.35	0.47 times
28 Thu Mar 2024	264.35	292.95	292.95	261.15	1.491 times
22 Fri Mar 2024	289.30	284.40	293.85	278.35	0.684 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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	282.40	269.00	308.95	266.35	0.253 times
28 Thu Mar 2024	264.35	347.00	347.00	261.15	0.703 times
29 Thu Feb 2024	340.45	361.05	369.95	305.90	1.585 times
31 Wed Jan 2024	364.60	365.00	380.00	352.00	0.446 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 Megastar Foods (MEGASTAR)

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Megastar Foods in short term but the buy signal is initial and weak.

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

Megastar Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megastar Foods in short term but BUY 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 Megastar Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 288.66 and Megastar Foods (MEGASTAR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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