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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 2024-08-20 View latest technical analysis

10 day averaged volume of Megastar Foods is 14588

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	314.25	307.70	316.00	307.10	0.656 times
19 Mon Aug 2024	306.55	310.95	321.00	300.15	1.601 times
16 Fri Aug 2024	310.95	307.20	315.00	296.15	0.871 times
14 Wed Aug 2024	305.60	303.70	309.80	293.10	0.568 times
13 Tue Aug 2024	302.15	306.95	309.50	295.10	0.515 times
12 Mon Aug 2024	306.45	295.00	310.20	286.55	1.972 times
09 Fri Aug 2024	310.20	301.10	320.00	301.10	1.376 times
08 Thu Aug 2024	301.10	297.75	304.00	293.80	0.472 times
07 Wed Aug 2024	293.35	284.10	295.00	281.95	1.15 times
06 Tue Aug 2024	282.65	282.80	293.00	280.20	0.453 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 309.6, but if it comes below 309.6, then a intra day sell could be more profitable.
If you take a sell trade below 309.6, then use 309.6 as stoploss and 301.47 as target. However if you take a buy trade in stock , then use 309.6 as stoploss and 319.3 as target.

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
Downside Target	308.95
Upside Target	315.00
Upside Target	320.00
Upside Target	321.00
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	302.6
Downside Intraday Target	290.95
Upside Intraday Target	323.45
Upside Intraday Target	332.65
Downside Intraday Target	311.8

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	314.25	310.95	321.00	300.15	0.575 times
16 Fri Aug 2024	310.95	295.00	315.00	286.55	0.878 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

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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	314.25	303.00	321.00	280.20	0.183 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid 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 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 BUY signal for Megastar Foods 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.

Megastar Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Megastar Foods in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 304.72 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.