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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)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Megastar Foods is 20926

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	345.40	345.00	353.25	344.00	0.608 times
19 Mon Feb 2024	348.20	349.00	354.80	338.20	0.564 times
16 Fri Feb 2024	346.15	333.10	350.95	332.05	0.741 times
15 Thu Feb 2024	334.25	329.75	356.90	327.00	2.717 times
14 Wed Feb 2024	329.75	310.00	333.90	305.90	1.415 times
13 Tue Feb 2024	321.90	345.00	345.00	312.00	1.406 times
12 Mon Feb 2024	335.80	340.40	342.65	333.05	0.55 times
09 Fri Feb 2024	340.45	354.50	354.50	339.00	1.283 times
08 Thu Feb 2024	350.15	350.00	355.90	347.00	0.554 times
07 Wed Feb 2024	350.00	359.00	359.00	348.40	0.385 times

My analysis of stock is bearish for shortterm, and stock might move down till 337.6 or till 324.2. Use a stoploss of 348.8 and if the stock hits stoploss, then it can shoot up till 359.97

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	276.10
Downside Target	305.90
Downside Target	319.90
Downside Target	338.20
Upside Target	352.00
Upside Target	359.00
Upside Target	367.05
Upside Target	369.30
Upside Target	378.80
Upside Target	380.00
Upside Target	395.00
Upside Target	404.95

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	337.47
Downside Intraday Target	329.53
Upside Intraday Target	354.07
Upside Intraday Target	362.73
Upside Intraday Target	346.13

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	345.40	349.00	354.80	338.20	0.172 times
16 Fri Feb 2024	346.15	340.40	356.90	305.90	1.692 times
09 Fri Feb 2024	340.45	354.90	359.00	339.00	1.122 times
02 Fri Feb 2024	354.90	362.95	369.30	352.80	1.134 times
25 Thu Jan 2024	362.90	361.30	378.80	352.00	0.55 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
20 Tue Feb 2024	345.40	361.05	367.05	305.90	0.7 times
31 Wed Jan 2024	364.60	365.00	380.00	352.00	0.446 times
29 Fri Dec 2023	366.05	395.00	395.00	352.55	0.642 times
30 Thu Nov 2023	384.75	289.90	404.95	280.95	7.483 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 Megastar Foods (MEGASTAR)

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) based on a short 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Megastar Foods 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.

Megastar Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Megastar Foods in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Megastar Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 336.54 and Megastar Foods (MEGASTAR) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.