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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 2024-02-23 View latest technical analysis

10 day averaged volume of Megastar Foods is 44197

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	356.20	357.95	360.95	343.15	0.598 times
22 Thu Feb 2024	350.55	360.05	368.20	346.00	2.389 times
21 Wed Feb 2024	354.60	345.00	369.95	342.15	3.216 times
20 Tue Feb 2024	345.40	345.00	353.25	344.00	0.288 times
19 Mon Feb 2024	348.20	349.00	354.80	338.20	0.267 times
16 Fri Feb 2024	346.15	333.10	350.95	332.05	0.351 times
15 Thu Feb 2024	334.25	329.75	356.90	327.00	1.286 times
14 Wed Feb 2024	329.75	310.00	333.90	305.90	0.67 times
13 Tue Feb 2024	321.90	345.00	345.00	312.00	0.666 times
12 Mon Feb 2024	335.80	340.40	342.65	333.05	0.26 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 358.6 as stoploss in an intra day sell trade for a target of 348.01. However, stock will show a bullish move above 358.6.

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
Downside 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	339.62
Downside Intraday Target	323.03
Upside Intraday Target	371.37
Upside Intraday Target	386.53
Downside Intraday Target	354.78

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	356.20	349.00	369.95	338.20	2.09 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
23 Fri Feb 2024	356.20	361.05	369.95	305.90	1.389 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 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 BUY. Signal strength is Weak and stock is losing 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 green color and prices are above the green cloud Prices appear to be moving up

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 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 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 346.04 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.