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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 2024-03-02 View latest technical analysis

10 day averaged volume of Megastar Foods is 38352

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	343.20	341.95	344.85	332.20	0.03 times
01 Fri Mar 2024	339.00	347.00	347.00	336.55	0.186 times
29 Thu Feb 2024	340.45	340.15	347.65	335.20	0.134 times
28 Wed Feb 2024	347.60	339.00	352.95	330.00	0.953 times
27 Tue Feb 2024	338.95	349.00	349.00	336.00	0.303 times
26 Mon Feb 2024	347.50	359.00	360.50	346.35	0.636 times
23 Fri Feb 2024	356.20	357.95	360.95	343.15	0.689 times
22 Thu Feb 2024	350.55	360.05	368.20	346.00	2.753 times
21 Wed Feb 2024	354.60	345.00	369.95	342.15	3.706 times
20 Tue Feb 2024	345.40	345.00	353.25	344.00	0.332 times

My analysis of stock is bearish for shortterm, and stock might move down till 335.2 or till 325.2. Use a stoploss of 343.54 and if the stock hits stoploss, then it can shoot up till 351.9

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	280.95
Downside Target	305.90
Downside Target	330.00
Upside Target	347.00
Upside Target	359.00
Upside Target	360.50
Upside Target	369.30
Upside Target	369.95
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	328.63
Downside Intraday Target	314.07
Upside Intraday Target	359.13
Upside Intraday Target	375.07
Upside Intraday Target	344.57

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	343.20	359.00	360.50	330.00	0.288 times
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

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
02 Sat Mar 2024	343.20	347.00	347.00	332.20	0.013 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
29 Fri Dec 2023	366.05	395.00	395.00	352.55	0.642 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 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 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 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 SELL signal for Megastar Foods in short term and the sell signal is strong.

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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Megastar Foods in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 351.08 and Megastar Foods (MEGASTAR) 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 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.