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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 2024-09-12 View latest technical analysis

10 day averaged volume of Megastar Foods is 15115

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	299.80	293.35	302.05	293.05	0.343 times
11 Wed Sep 2024	293.50	297.00	300.95	293.00	0.319 times
10 Tue Sep 2024	296.80	300.70	304.95	296.00	0.418 times
09 Mon Sep 2024	299.15	310.30	314.90	298.00	0.554 times
06 Fri Sep 2024	308.70	306.00	315.00	297.00	0.972 times
05 Thu Sep 2024	302.50	308.30	312.00	302.00	0.813 times
04 Wed Sep 2024	306.70	310.40	313.85	303.55	0.234 times
03 Tue Sep 2024	313.25	317.00	330.00	310.00	2.528 times
02 Mon Sep 2024	314.45	294.25	320.70	290.60	2.689 times
30 Fri Aug 2024	293.75	302.00	302.00	292.50	0.448 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 296.8 as stoploss in an intra day buy trade for a target of 303.07. However, stock will show a bearish move below 296.8.

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	315.00
Upside Target	321.00
Upside Target	330.00
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	290.23
Downside Intraday Target	280.67
Upside Intraday Target	312.13
Upside Intraday Target	324.47
Upside Intraday Target	302.57

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	299.80	310.30	314.90	293.00	0.226 times
06 Fri Sep 2024	308.70	294.25	330.00	290.60	3.18 times
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

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 Thu Sep 2024	299.80	294.25	330.00	290.60	0.561 times
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

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 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 BUY. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 308.33 and Megastar Foods (MEGASTAR) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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