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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 2024-11-08 View latest technical analysis

10 day averaged volume of Megastar Foods is 19469

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	241.55	242.50	248.90	241.00	0.19 times
07 Thu Nov 2024	241.90	251.95	251.95	239.85	0.162 times
06 Wed Nov 2024	246.65	245.00	251.50	243.10	0.474 times
05 Tue Nov 2024	244.30	242.00	247.65	242.00	0.164 times
04 Mon Nov 2024	244.00	254.80	254.80	238.95	0.554 times
01 Fri Nov 2024	251.95	251.00	259.95	247.00	0.499 times
31 Thu Oct 2024	250.60	240.05	253.90	240.05	3.242 times
30 Wed Oct 2024	244.80	238.00	250.00	238.00	0.292 times
29 Tue Oct 2024	243.90	235.00	249.65	232.20	3.17 times
28 Mon Oct 2024	238.50	230.15	247.05	230.15	0.307 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 241.5 as stoploss in an intra day buy trade for a target of 245.23. However, stock will show a bearish move below 241.5.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	226.40
Downside Target	238.95
Upside Target	254.80
Upside Target	259.95
Upside Target	265.10
Upside Target	280.20
Upside Target	288.00
Upside Target	296.00
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	235.4
Downside Intraday Target	229.25
Upside Intraday Target	251.25
Upside Intraday Target	260.95
Upside Intraday Target	245.1

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	241.55	254.80	254.80	238.95	0.206 times
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

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
08 Fri Nov 2024	241.55	251.00	259.95	238.95	0.094 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 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 neutral. A longer time frame might give a better analysis.

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 to mid 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 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 SELL. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 246.66 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 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.