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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 2024-08-07 View latest technical analysis

10 day averaged volume of Megastar Foods is 8769

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	293.35	284.10	295.00	281.95	1.913 times
06 Tue Aug 2024	282.65	282.80	293.00	280.20	0.754 times
05 Mon Aug 2024	282.80	296.10	302.00	281.20	1.699 times
02 Fri Aug 2024	300.60	295.60	305.95	295.60	0.747 times
01 Thu Aug 2024	298.30	303.00	308.40	296.35	1.079 times
31 Wed Jul 2024	302.35	312.30	312.30	301.15	0.793 times
30 Tue Jul 2024	303.25	295.00	310.00	293.90	1.019 times
29 Mon Jul 2024	293.50	308.90	309.00	292.00	0.878 times
26 Fri Jul 2024	307.25	300.70	312.50	300.70	1.064 times
25 Thu Jul 2024	299.10	305.00	310.00	297.00	0.59 times

My analysis of stock is bearish for shortterm, and stock might move down till 286.6 or till 270.5. Use a stoploss of 300.04 and if the stock hits stoploss, then it can shoot up till 313.45

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	242.10
Downside Target	248.00
Downside Target	255.85
Downside Target	266.00
Downside Target	272.30
Downside Target	280.20
Downside Target	288.30
Upside Target	298.40
Upside Target	308.40
Upside Target	312.30
Upside Target	314.30
Upside Target	334.05
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	281.7
Downside Intraday Target	270.05
Upside Intraday Target	303.5
Upside Intraday Target	313.65
Downside Intraday Target	291.85

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	293.35	296.10	302.00	280.20	0.967 times
02 Fri Aug 2024	300.60	308.90	312.30	292.00	0.368 times
26 Fri Jul 2024	307.25	292.05	314.30	272.30	0.285 times
19 Fri Jul 2024	292.05	363.95	374.50	288.30	0.98 times
12 Fri Jul 2024	334.05	260.20	334.05	255.85	8.824 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
07 Wed Aug 2024	293.35	303.00	308.40	280.20	0.058 times
31 Wed Jul 2024	302.35	253.25	374.50	248.00	5.18 times
28 Fri Jun 2024	252.98	258.00	266.00	215.00	0.881 times
31 Fri May 2024	247.75	292.90	298.40	242.10	1.283 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 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 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 mid to longer 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.

ADX buy sell signal for Megastar Foods stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Megastar Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 295.28 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 positive

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