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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 2024-11-01 View latest technical analysis

10 day averaged volume of Megastar Foods is 19921

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	251.95	251.00	259.95	247.00	0.488 times
31 Thu Oct 2024	250.60	240.05	253.90	240.05	3.168 times
30 Wed Oct 2024	244.80	238.00	250.00	238.00	0.285 times
29 Tue Oct 2024	243.90	235.00	249.65	232.20	3.098 times
28 Mon Oct 2024	238.50	230.15	247.05	230.15	0.3 times
25 Fri Oct 2024	243.75	246.30	246.30	226.40	1.11 times
24 Thu Oct 2024	244.80	248.80	253.95	244.10	0.307 times
23 Wed Oct 2024	246.90	242.70	257.00	240.10	0.731 times
22 Tue Oct 2024	238.00	246.00	248.25	231.15	0.265 times
21 Mon Oct 2024	244.80	253.80	255.80	243.55	0.436 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 252.3 as stoploss in an intra day sell trade for a target of 247.4. However, stock will show a bullish move above 252.3.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	226.40
Downside Target	242.00
Upside Target	257.00
Upside Target	265.10
Upside Target	280.20
Upside Target	288.00
Upside Target	296.00
Upside Target	300.70
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	234.75
Downside Intraday Target	217.55
Upside Intraday Target	264.55
Upside Intraday Target	277.15
Downside Intraday Target	247.35

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	251.95	230.15	259.95	230.15	2.576 times
25 Fri Oct 2024	243.75	253.80	257.00	226.40	1.138 times
18 Fri Oct 2024	253.55	249.85	258.00	242.00	0.343 times
11 Fri Oct 2024	248.60	262.00	288.00	245.00	2.181 times
04 Fri Oct 2024	266.10	280.50	300.70	264.50	0.187 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	251.95	251.00	259.95	247.00	0.023 times
31 Thu Oct 2024	250.60	283.10	296.00	226.40	0.738 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

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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megastar Foods in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 246.35 and Megastar Foods (MEGASTAR) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.