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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 2024-11-18 View latest technical analysis

10 day averaged volume of Megastar Foods is 7804

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	235.85	230.00	239.90	225.05	1.251 times
14 Thu Nov 2024	231.10	235.55	243.05	226.85	1.769 times
13 Wed Nov 2024	233.60	241.80	243.95	230.15	1.744 times
12 Tue Nov 2024	240.50	242.00	242.95	239.15	0.155 times
11 Mon Nov 2024	239.85	243.30	247.00	239.15	1.234 times
08 Fri Nov 2024	241.55	242.50	248.90	241.00	0.473 times
07 Thu Nov 2024	241.90	251.95	251.95	239.85	0.404 times
06 Wed Nov 2024	246.65	245.00	251.50	243.10	1.183 times
05 Tue Nov 2024	244.30	242.00	247.65	242.00	0.409 times
04 Mon Nov 2024	244.00	254.80	254.80	238.95	1.383 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 237.3, but if it comes above 237.3, then a intra day buy could be more profitable.
If you take a sell trade below 237.3, then use 237.3 as stoploss and 231.2 as target. However if you take a buy trade in stock , then use 237.3 as stoploss and 242.37 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	225.05
Upside Target	238.95
Upside Target	247.00
Upside Target	254.80
Upside Target	259.95
Upside Target	265.10
Upside Target	280.20
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	227.3
Downside Intraday Target	218.75
Upside Intraday Target	242.15
Upside Intraday Target	248.45
Downside Intraday Target	233.6

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	235.85	230.00	239.90	225.05	0.255 times
14 Thu Nov 2024	231.10	243.30	247.00	226.85	1.273 times
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

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
18 Mon Nov 2024	235.85	251.00	259.95	225.05	0.208 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 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 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 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 Strong and stock is gaining momentum.

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

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 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 SELL signal for Megastar Foods in short term and SELL 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 238.45 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.