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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 2024-08-26 View latest technical analysis

10 day averaged volume of Megastar Foods is 14336

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	299.85	308.95	308.95	298.00	0.469 times
23 Fri Aug 2024	300.90	302.20	305.00	298.95	0.329 times
22 Thu Aug 2024	300.75	302.05	306.95	300.00	0.414 times
21 Wed Aug 2024	301.25	315.90	317.50	296.85	1.564 times
20 Tue Aug 2024	314.25	307.70	316.00	307.10	0.668 times
19 Mon Aug 2024	306.55	310.95	321.00	300.15	1.629 times
16 Fri Aug 2024	310.95	307.20	315.00	296.15	0.887 times
14 Wed Aug 2024	305.60	303.70	309.80	293.10	0.578 times
13 Tue Aug 2024	302.15	306.95	309.50	295.10	0.524 times
12 Mon Aug 2024	306.45	295.00	310.20	286.55	2.006 times

My analysis of stock is bearish for shortterm, and stock might move down till 293 or till 283.5. Use a stoploss of 300.84 and if the stock hits stoploss, then it can shoot up till 308.71

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	280.20
Downside Target	286.55
Upside Target	308.95
Upside Target	312.30
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	295.58
Downside Intraday Target	291.32
Upside Intraday Target	306.53
Upside Intraday Target	313.22
Upside Intraday Target	302.27

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	299.85	308.95	308.95	298.00	0.102 times
23 Fri Aug 2024	300.90	310.95	321.00	296.85	1.153 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

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
26 Mon Aug 2024	299.85	303.00	321.00	280.20	0.225 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 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 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 SELL signal for Megastar Foods in short term but the sell 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 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 305.48 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.