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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 2024-10-01 View latest technical analysis

10 day averaged volume of Megastar Foods is 42394

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	281.25	283.10	296.00	275.65	0.19 times
30 Mon Sep 2024	281.60	280.50	300.70	277.00	0.799 times
27 Fri Sep 2024	279.05	288.10	296.95	276.65	0.469 times
26 Thu Sep 2024	289.30	296.95	299.00	287.20	0.575 times
25 Wed Sep 2024	300.65	267.10	318.00	267.05	7.04 times
24 Tue Sep 2024	265.70	270.50	278.00	265.10	0.15 times
23 Mon Sep 2024	269.10	270.70	274.70	266.30	0.172 times
20 Fri Sep 2024	269.30	270.75	276.00	267.80	0.171 times
19 Thu Sep 2024	269.80	275.45	279.65	268.80	0.179 times
18 Wed Sep 2024	274.45	283.40	284.75	272.20	0.296 times

My analysis of stock is bearish for shortterm, and stock might move down till 274.5 or till 258.7. Use a stoploss of 287.62 and if the stock hits stoploss, then it can shoot up till 300.77

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	248.00
Downside Target	265.10
Downside Target	275.65
Upside Target	290.60
Upside Target	301.00
Upside Target	314.90
Upside Target	318.00
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	271.03
Downside Intraday Target	260.82
Upside Intraday Target	296.08
Upside Intraday Target	310.92
Upside Intraday Target	285.87

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	281.25	280.50	300.70	275.65	0.118 times
27 Fri Sep 2024	279.05	270.70	318.00	265.10	8.313 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

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
01 Tue Oct 2024	281.25	283.10	296.00	275.65	0.014 times
30 Mon Sep 2024	281.60	294.25	330.00	265.10	2.389 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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.

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 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 but SELL signal is weak.

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 294.19 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.