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(MEGASOFT_BE) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT_BE) share price targets

Complete technical analysis of Megasoft (MEGASOFT_BE) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT_BE)

Showing technical analysis as on 2024-01-25 View latest technical analysis

10 day averaged volume of Megasoft is 130689

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	58.20	58.20	58.20	58.20	0.437 times
24 Wed Jan 2024	57.10	57.65	57.65	56.65	1.731 times
23 Tue Jan 2024	57.65	57.65	57.65	57.65	1.109 times
22 Mon Jan 2024	58.80	58.80	58.80	58.80	1.204 times
19 Fri Jan 2024	60.00	62.40	62.40	60.00	1.514 times
18 Thu Jan 2024	61.20	61.20	61.20	61.20	0.366 times
17 Wed Jan 2024	62.45	63.00	63.00	62.45	0.35 times
16 Tue Jan 2024	63.70	64.65	64.65	63.70	0.71 times
15 Mon Jan 2024	65.00	64.75	65.00	64.50	0.488 times
12 Fri Jan 2024	65.80	66.90	66.90	65.80	0.704 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60.3, but if it comes above 60.3, then a intra day buy could be more profitable.
If you take a sell trade below 60.3, then use 60.3 as stoploss and 55.4 as target. However if you take a buy trade in stock , then use 60.3 as stoploss and 64.41 as target.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	41.00
Downside Target	42.00
Downside Target	43.30
Downside Target	47.00
Downside Target	50.60
Downside Target	52.10
Downside Target	54.10
Downside Target	56.65
Upside Target	58.80
Upside Target	60.00
Upside Target	61.55
Upside Target	64.50
Upside Target	67.15
Upside Target	69.65
Upside Target	71.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	56.97
Downside Intraday Target	55.73
Upside Intraday Target	59.12
Upside Intraday Target	60.03
Downside Intraday Target	57.88

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	58.20	58.80	58.80	56.65	1.307 times
19 Fri Jan 2024	60.00	64.75	65.00	60.00	0.587 times
12 Fri Jan 2024	65.80	70.35	71.00	65.80	0.8 times
05 Fri Jan 2024	69.00	68.45	69.65	64.50	2.168 times
29 Fri Dec 2023	67.15	61.55	67.15	61.55	0.239 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 Megasoft (MEGASOFT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	58.20	68.45	71.00	56.65	0.896 times
29 Fri Dec 2023	67.15	49.00	67.15	47.00	1.232 times
30 Thu Nov 2023	50.00	44.60	54.10	43.30	1.253 times
31 Tue Oct 2023	44.75	49.45	50.60	41.00	0.796 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 Megasoft (MEGASOFT_BE)

Price action analysis of Megasoft ( (MEGASOFT_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Megasoft ( (MEGASOFT_BE) ) 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 Megasoft ( (MEGASOFT_BE) ) 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 Megasoft ( (MEGASOFT_BE) ) 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 Megasoft stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Megasoft in short term but the sell signal is initial and weak.

Megasoft 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Megasoft in short term but BUY 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 Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 60.07 and Megasoft (MEGASOFT_BE) 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 Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) stock is negative.

Megasoft 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.