Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-22 View latest technical analysis

10 day averaged volume of Megastar Foods is 34799

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	350.55	360.05	368.20	346.00	3.034 times
21 Wed Feb 2024	354.60	345.00	369.95	342.15	4.084 times
20 Tue Feb 2024	345.40	345.00	353.25	344.00	0.366 times
19 Mon Feb 2024	348.20	349.00	354.80	338.20	0.339 times
16 Fri Feb 2024	346.15	333.10	350.95	332.05	0.445 times
15 Thu Feb 2024	334.25	329.75	356.90	327.00	1.634 times
14 Wed Feb 2024	329.75	310.00	333.90	305.90	0.851 times
13 Tue Feb 2024	321.90	345.00	345.00	312.00	0.846 times
12 Mon Feb 2024	335.80	340.40	342.65	333.05	0.331 times
09 Fri Feb 2024	340.45	354.50	354.50	339.00	0.771 times

Stock of Megastar Foods (MEGASTAR) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 359.3 or till 372.4. Use a stoploss of 348.35 and if this stock hits its stoploss, then it can fall down till 337.43

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	369.30
Upside Target	369.95
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	335.85
Downside Intraday Target	321.15
Upside Intraday Target	367.6
Upside Intraday Target	384.65
Upside Intraday Target	352.9

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	350.55	349.00	369.95	338.20	1.905 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	350.55	361.05	369.95	305.90	1.323 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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.

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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Megastar Foods in short term but SELL signal is weak.

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

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 345.09 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 rising upwards.

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 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.