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(MEGATHERM_SM) Megatherm Induction complete technical analysis [charts+indicators] | Buy/Sell Megatherm Induction | (MEGATHERM_SM) share price targets

Complete technical analysis of Megatherm Induction (MEGATHERM_SM) by charts plus indicators, forecast predictions and share price targets for Megatherm Induction (MEGATHERM_SM)

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of Megatherm Induction is 34920

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	347.00	348.00	352.90	345.20	0.275 times
15 Tue Oct 2024	347.80	340.50	348.80	337.00	0.447 times
14 Mon Oct 2024	341.40	350.10	351.10	340.00	0.722 times
11 Fri Oct 2024	352.00	350.00	356.50	348.00	0.275 times
10 Thu Oct 2024	347.85	357.00	357.00	340.00	0.745 times
09 Wed Oct 2024	354.00	357.95	359.00	350.15	0.71 times
08 Tue Oct 2024	342.05	328.00	343.65	322.50	0.687 times
15 Mon Jul 2024	409.45	408.00	411.50	399.00	1.019 times
12 Fri Jul 2024	414.15	418.00	422.80	405.70	1.191 times
11 Thu Jul 2024	415.05	414.40	417.40	406.00	1.237 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 359.2, but if it comes above 359.2, then a intra day buy could be more profitable.
If you take a sell trade below 359.2, then use 359.2 as stoploss and 308.8 as target. However if you take a buy trade in stock , then use 359.2 as stoploss and 401.17 as target.

Share price targets for Megatherm Induction (MEGATHERM_SM)

Target Type	Value
Downside Target	258.05
Downside Target	286.10
Downside Target	322.50
Downside Target	337.00
Upside Target	352.90
Upside Target	367.00
Upside Target	378.05
Upside Target	411.50
Upside Target	431.20
Upside Target	443.65
Upside Target	483.50
Upside Target	490.00

Intraday share price targets for Megatherm Induction (MEGATHERM_SM)

Target Type	Value
Downside Intraday Target	338.37
Downside Intraday Target	329.73
Upside Intraday Target	354.27
Upside Intraday Target	361.53
Downside Intraday Target	345.63

Weekly technical analysis of Megatherm Induction (MEGATHERM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	347.00	350.10	352.90	337.00	0.42 times
11 Fri Oct 2024	352.00	408.00	411.50	322.50	0.311 times
12 Fri Jul 2024	414.15	443.65	443.65	382.25	0.905 times
05 Fri Jul 2024	449.90	448.00	483.50	431.20	0.389 times
28 Fri Jun 2024	439.90	398.80	490.00	378.05	2.499 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 Megatherm Induction (MEGATHERM_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	347.00	328.00	359.00	322.50	0.159 times
15 Mon Jul 2024	409.45	448.00	483.50	382.25	0.271 times
28 Fri Jun 2024	439.90	363.90	490.00	286.10	1.257 times
31 Fri May 2024	349.00	318.00	367.00	287.00	1.882 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 Megatherm Induction (MEGATHERM_SM)

Price action analysis of Megatherm Induction ( (MEGATHERM_SM) ) 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 Megatherm Induction ( (MEGATHERM_SM) ) based on a short 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.

Price action analysis of Megatherm Induction ( (MEGATHERM_SM) ) 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 Megatherm Induction ( (MEGATHERM_SM) ) based on a mid to longer 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.

ADX buy sell signal for Megatherm Induction stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Megatherm Induction in short term and the sell signal is strong.

Megatherm Induction 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 buy signal for Megatherm Induction in short term but BUY 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 Megatherm Induction is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 378.16 and Megatherm Induction (MEGATHERM_SM) 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 Megatherm Induction (MEGATHERM_SM) stock. Volume based technical analysis of Megatherm Induction (MEGATHERM_SM) stock is negative.

Megatherm Induction Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.