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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 2024-08-12 View latest technical analysis

10 day averaged volume of Megastar Foods is 10485

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	306.45	295.00	310.20	286.55	2.743 times
09 Fri Aug 2024	310.20	301.10	320.00	301.10	1.915 times
08 Thu Aug 2024	301.10	297.75	304.00	293.80	0.657 times
07 Wed Aug 2024	293.35	284.10	295.00	281.95	1.6 times
06 Tue Aug 2024	282.65	282.80	293.00	280.20	0.631 times
05 Mon Aug 2024	282.80	296.10	302.00	281.20	1.421 times
02 Fri Aug 2024	300.60	295.60	305.95	295.60	0.625 times
01 Thu Aug 2024	298.30	303.00	308.40	296.35	0.902 times
31 Wed Jul 2024	302.35	312.30	312.30	301.15	0.663 times
30 Tue Jul 2024	303.25	295.00	310.00	293.90	0.852 times

Stock of Megastar Foods (MEGASTAR) has showed a significant fall. This could be a good time to exit from this stock.

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 310.5 as stoploss in an intra day sell trade for a target of 301.28. However, stock will show a bullish move above 310.5.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	242.10
Downside Target	248.00
Downside Target	266.00
Downside Target	272.30
Downside Target	280.20
Downside Target	286.55
Downside Target	298.40
Upside Target	308.95
Upside Target	314.30
Upside Target	320.00
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	291.93
Downside Intraday Target	277.42
Upside Intraday Target	315.58
Upside Intraday Target	324.72
Downside Intraday Target	301.07

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	306.45	295.00	310.20	286.55	0.441 times
09 Fri Aug 2024	310.20	296.10	320.00	280.20	1.648 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

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
12 Mon Aug 2024	306.45	303.00	320.00	280.20	0.117 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 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 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 Megastar Foods ( (MEGASTAR) ) based on a short 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.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. 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.

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

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. Bulls 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 coming down

CCI has generated a SELL signal for Megastar Foods in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 299.59 and Megastar Foods (MEGASTAR) 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 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 positive

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