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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 2024-02-15 View latest technical analysis

10 day averaged volume of Megasoft is 186306

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	66.25	66.25	67.80	65.00	0.872 times
14 Wed Feb 2024	64.95	59.50	65.35	59.50	1.171 times
13 Tue Feb 2024	62.60	63.25	65.60	62.60	0.908 times
12 Mon Feb 2024	65.90	65.90	69.25	65.90	1.029 times
09 Fri Feb 2024	69.35	73.90	75.00	69.35	0.68 times
08 Thu Feb 2024	73.00	74.00	74.85	69.00	1.521 times
07 Wed Feb 2024	71.30	71.30	71.30	67.95	2.288 times
06 Tue Feb 2024	67.95	67.95	67.95	67.95	0.47 times
05 Mon Feb 2024	64.75	64.75	64.75	64.75	0.435 times
02 Fri Feb 2024	61.70	61.70	61.70	61.70	0.617 times

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 67.6 as stoploss in an intra day sell trade for a target of 62.91. However, stock will show a bullish move above 67.6.

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	41.00
Downside Target	43.30
Downside Target	47.00
Downside Target	50.60
Downside Target	54.10
Downside Target	56.65
Downside Target	58.00
Downside Target	61.70
Downside Target	64.75
Upside Target	67.15
Upside Target	69.25
Upside Target	71.00
Upside Target	75.00

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	60.75
Downside Intraday Target	55.25
Upside Intraday Target	70.5
Upside Intraday Target	74.75
Downside Intraday Target	65

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	66.25	65.90	69.25	59.50	0.738 times
09 Fri Feb 2024	69.35	64.75	75.00	64.75	0.951 times
02 Fri Feb 2024	61.70	59.35	61.70	58.00	1.804 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

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
15 Thu Feb 2024	66.25	60.25	75.00	59.50	0.574 times
31 Wed Jan 2024	59.35	68.45	71.00	56.65	1.149 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

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 Megasoft (MEGASOFT_BE)

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Megasoft stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

Megasoft Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 67.86 and Megasoft (MEGASOFT_BE) 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 Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) stock is negative.

Megasoft 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.