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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)

Showing technical analysis as on 2024-04-15 View latest technical analysis

10 day averaged volume of Megastar Foods is 12294

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	281.30	285.00	285.95	274.05	0.73 times
12 Fri Apr 2024	289.05	286.55	291.00	283.70	0.476 times
10 Wed Apr 2024	285.10	293.40	293.40	280.05	0.665 times
09 Tue Apr 2024	291.90	298.20	301.20	290.30	0.529 times
08 Mon Apr 2024	296.70	300.90	305.05	294.50	0.355 times
05 Fri Apr 2024	299.35	290.00	308.95	285.50	1.375 times
04 Thu Apr 2024	286.15	285.50	290.95	285.00	2.285 times
03 Wed Apr 2024	284.05	290.00	290.00	282.05	0.493 times
02 Tue Apr 2024	287.55	282.75	290.00	278.95	0.424 times
01 Mon Apr 2024	278.55	269.00	285.00	266.35	1.211 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 277.7 as stoploss in an intra day buy trade for a target of 285.08. However, stock will show a bearish move below 277.7.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	261.15
Downside Target	274.05
Upside Target	285.95
Upside Target	292.95
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	274.92
Downside Intraday Target	268.53
Upside Intraday Target	286.82
Upside Intraday Target	292.33
Downside Intraday Target	280.43

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	281.30	285.00	285.95	274.05	0.361 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
15 Mon Apr 2024	281.30	269.00	308.95	266.35	0.237 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 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

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

Megastar Foods 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Megastar Foods in short term and SELL signal is strong!

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 287.61 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods Stock is giving positive 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.