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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 2024-09-23 View latest technical analysis

10 day averaged volume of Megastar Foods is 7114

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	269.10	270.70	274.70	266.30	1.025 times
20 Fri Sep 2024	269.30	270.75	276.00	267.80	1.021 times
19 Thu Sep 2024	269.80	275.45	279.65	268.80	1.07 times
18 Wed Sep 2024	274.45	283.40	284.75	272.20	1.764 times
17 Tue Sep 2024	283.40	289.25	290.70	280.10	0.881 times
16 Mon Sep 2024	287.75	291.20	301.00	285.10	1.291 times
13 Fri Sep 2024	293.85	299.50	299.50	293.00	0.504 times
12 Thu Sep 2024	299.80	293.35	302.05	293.05	0.728 times
11 Wed Sep 2024	293.50	297.00	300.95	293.00	0.677 times
10 Tue Sep 2024	296.80	300.70	304.95	296.00	0.888 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 263.6, for a target of 280 or 293.73

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
Upside Target	274.70
Upside Target	280.20
Upside Target	290.60
Upside Target	308.95
Upside Target	314.90
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	265.37
Downside Intraday Target	261.63
Upside Intraday Target	273.77
Upside Intraday Target	278.43
Upside Intraday Target	270.03

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	269.10	270.70	274.70	266.30	0.17 times
20 Fri Sep 2024	269.30	291.20	301.00	267.80	1.516 times
13 Fri Sep 2024	293.85	310.30	314.90	293.00	0.258 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

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
23 Mon Sep 2024	269.10	294.25	330.00	266.30	0.786 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Megastar Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Megastar Foods in short term and the sell signal is strong.

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 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 281.59 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.