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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 2024-11-12 View latest technical analysis

10 day averaged volume of Megatherm Induction is 26080

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	350.75	375.00	382.00	350.75	2.147 times
11 Mon Nov 2024	369.20	357.00	372.00	357.00	2.117 times
08 Fri Nov 2024	355.85	354.65	360.80	350.00	1.35 times
07 Thu Nov 2024	349.40	358.00	363.45	345.00	1.043 times
06 Wed Nov 2024	354.20	336.40	354.20	336.40	1.549 times
05 Tue Nov 2024	337.35	340.15	340.15	335.10	0.752 times
04 Mon Nov 2024	336.45	336.00	340.90	325.15	0.997 times
01 Fri Nov 2024	342.25	342.00	346.50	330.25	0.337 times
31 Thu Oct 2024	342.00	330.05	347.00	330.05	0.537 times
30 Wed Oct 2024	335.45	337.95	338.40	333.15	0.46 times

Stock of Megatherm Induction (MEGATHERM_SM) has showed a significant fall. This could be a good time to exit from this stock.

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 353.9 as stoploss in an intra day sell trade for a target of 342.54. However, stock will show a bullish move above 353.9.

Share price targets for Megatherm Induction (MEGATHERM_SM)

Target Type	Value
Downside Target	286.10
Downside Target	320.00
Downside Target	337.00
Downside Target	347.00
Upside Target	362.45
Upside Target	364.35
Upside Target	367.00
Upside Target	382.00
Upside Target	382.25
Upside Target	483.50
Upside Target	490.00

Intraday share price targets for Megatherm Induction (MEGATHERM_SM)

Target Type	Value
Downside Intraday Target	340.33
Downside Intraday Target	329.92
Upside Intraday Target	371.58
Upside Intraday Target	392.42
Upside Intraday Target	361.17

Weekly technical analysis of Megatherm Induction (MEGATHERM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	350.75	357.00	382.00	350.75	0.749 times
08 Fri Nov 2024	355.85	336.00	363.45	325.15	1.784 times
01 Fri Nov 2024	342.25	325.00	347.00	322.50	0.552 times
25 Fri Oct 2024	324.45	350.25	362.45	320.00	1.236 times
18 Fri Oct 2024	350.20	350.10	364.35	337.00	1.017 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
12 Tue Nov 2024	350.75	342.00	382.00	325.15	0.622 times
31 Thu Oct 2024	342.00	328.00	364.35	320.00	0.508 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

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 Megatherm Induction (MEGATHERM_SM)

Price action analysis of Megatherm Induction ( (MEGATHERM_SM) ) 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 Megatherm Induction ( (MEGATHERM_SM) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Megatherm Induction 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.

Megatherm Induction Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Megatherm Induction in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 351.72 and Megatherm Induction (MEGATHERM_SM) 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 Megatherm Induction (MEGATHERM_SM) stock. Volume based technical analysis of Megatherm Induction (MEGATHERM_SM) stock is negative.

Megatherm Induction Stock is giving positive 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.