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(MEGASTAR) Megastar Foods complete technical analysis [charts+indicators] | Buy/Sell Megastar Foods | (MEGASTAR) share price targets

Complete technical analysis of Megastar Foods (MEGASTAR) by charts plus indicators, forecast predictions and share price targets for Megastar Foods (MEGASTAR)

10 day averaged volume of Megastar Foods is 9209

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	277.65	279.90	286.90	273.20	0.749 times
18 Thu Apr 2024	282.40	283.50	287.45	277.05	0.538 times
16 Tue Apr 2024	282.10	282.80	283.95	279.05	0.239 times
15 Mon Apr 2024	281.30	285.00	285.95	274.05	0.975 times
12 Fri Apr 2024	289.05	286.55	291.00	283.70	0.636 times
10 Wed Apr 2024	285.10	293.40	293.40	280.05	0.888 times
09 Tue Apr 2024	291.90	298.20	301.20	290.30	0.706 times
08 Mon Apr 2024	296.70	300.90	305.05	294.50	0.474 times
05 Fri Apr 2024	299.35	290.00	308.95	285.50	1.836 times
04 Thu Apr 2024	286.15	285.50	290.95	285.00	3.05 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 276.9 as stoploss in an intra day buy trade for a target of 284.47. However, stock will show a bearish move below 276.9.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	261.15
Downside Target	273.20
Upside Target	287.45
Upside Target	305.05
Upside Target	308.95
Upside Target	347.00
Upside Target	352.00
Upside Target	352.55
Upside Target	369.95
Upside Target	380.00
Upside Target	395.00

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	271.42
Downside Intraday Target	265.18
Upside Intraday Target	285.67
Upside Intraday Target	293.68
Upside Intraday Target	279.43

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	277.65	285.00	287.45	273.20	0.925 times
12 Fri Apr 2024	289.05	300.90	305.05	280.05	0.35 times
05 Fri Apr 2024	299.35	269.00	308.95	266.35	0.47 times
28 Thu Mar 2024	264.35	292.95	292.95	261.15	1.491 times
22 Fri Mar 2024	289.30	284.40	293.85	278.35	0.684 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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	277.65	269.00	308.95	266.35	0.269 times
28 Thu Mar 2024	264.35	347.00	347.00	261.15	0.703 times
29 Thu Feb 2024	340.45	361.05	369.95	305.90	1.585 times
31 Wed Jan 2024	364.60	365.00	380.00	352.00	0.446 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 Megastar Foods (MEGASTAR)

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

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a mid to longer 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.

ADX buy sell signal for Megastar Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Megastar Foods in short term but the buy signal is initial and weak.

Megastar Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Megastar Foods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Megastar Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 288.14 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods Stock has given negative 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.