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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 2024-01-29 View latest technical analysis

10 day averaged volume of Megasoft is 112557

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	59.35	59.35	59.35	59.35	0.208 times
25 Thu Jan 2024	58.20	58.20	58.20	58.20	0.507 times
24 Wed Jan 2024	57.10	57.65	57.65	56.65	2.01 times
23 Tue Jan 2024	57.65	57.65	57.65	57.65	1.287 times
22 Mon Jan 2024	58.80	58.80	58.80	58.80	1.398 times
19 Fri Jan 2024	60.00	62.40	62.40	60.00	1.758 times
18 Thu Jan 2024	61.20	61.20	61.20	61.20	0.425 times
17 Wed Jan 2024	62.45	63.00	63.00	62.45	0.406 times
16 Tue Jan 2024	63.70	64.65	64.65	63.70	0.824 times
15 Mon Jan 2024	65.00	64.75	65.00	64.50	0.567 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.8, but if it comes above 59.8, then a intra day buy could be more profitable.
If you take a sell trade below 59.8, then use 59.8 as stoploss and 54.8 as target. However if you take a buy trade in stock , then use 59.8 as stoploss and 64.02 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
Downside Target	58.80
Upside Target	64.50
Upside Target	65.80
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	59.35
Downside Intraday Target	59.35
Downside Intraday Target	59.35
Downside Intraday Target	59.35
Downside Intraday Target	59.35

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	59.35	59.35	59.35	59.35	0.04 times
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

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 Megasoft (MEGASOFT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	59.35	68.45	71.00	56.65	0.903 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 59.55 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.