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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 2024-08-30 View latest technical analysis

10 day averaged volume of Megastar Foods is 10634

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	293.75	302.00	302.00	292.50	0.637 times
29 Thu Aug 2024	298.10	299.30	301.95	296.00	1.457 times
28 Wed Aug 2024	299.25	301.00	308.20	297.20	0.324 times
27 Tue Aug 2024	301.00	301.35	304.50	300.10	0.184 times
26 Mon Aug 2024	299.85	308.95	308.95	298.00	0.632 times
23 Fri Aug 2024	300.90	302.20	305.00	298.95	0.443 times
22 Thu Aug 2024	300.75	302.05	306.95	300.00	0.559 times
21 Wed Aug 2024	301.25	315.90	317.50	296.85	2.109 times
20 Tue Aug 2024	314.25	307.70	316.00	307.10	0.901 times
19 Mon Aug 2024	306.55	310.95	321.00	300.15	2.196 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 292.7 as stoploss in an intra day buy trade for a target of 300.58. However, stock will show a bearish move below 292.7.

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	287.85
Downside Intraday Target	281.95
Upside Intraday Target	304.3
Upside Intraday Target	314.85
Upside Intraday Target	298.4

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	293.75	308.95	308.95	292.50	0.521 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
30 Fri Aug 2024	293.75	303.00	321.00	280.20	0.255 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 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 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 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 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 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 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 302.52 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 negative.

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