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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 2024-03-04 View latest technical analysis

10 day averaged volume of Megastar Foods is 37288

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	337.15	341.00	343.25	336.10	0.147 times
02 Sat Mar 2024	343.20	341.95	344.85	332.20	0.031 times
01 Fri Mar 2024	339.00	347.00	347.00	336.55	0.192 times
29 Thu Feb 2024	340.45	340.15	347.65	335.20	0.138 times
28 Wed Feb 2024	347.60	339.00	352.95	330.00	0.981 times
27 Tue Feb 2024	338.95	349.00	349.00	336.00	0.312 times
26 Mon Feb 2024	347.50	359.00	360.50	346.35	0.654 times
23 Fri Feb 2024	356.20	357.95	360.95	343.15	0.708 times
22 Thu Feb 2024	350.55	360.05	368.20	346.00	2.832 times
21 Wed Feb 2024	354.60	345.00	369.95	342.15	3.812 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 334.6 as stoploss in an intra day buy trade for a target of 342.86. However, stock will show a bearish move below 334.6.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	280.95
Downside Target	305.90
Downside Target	330.00
Upside Target	356.90
Upside Target	359.00
Upside Target	360.50
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	334.42
Downside Intraday Target	331.68
Upside Intraday Target	341.57
Upside Intraday Target	345.98
Upside Intraday Target	338.83

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	337.15	341.00	343.25	336.10	0.064 times
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

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
04 Mon Mar 2024	337.15	347.00	347.00	332.20	0.022 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Megastar Foods in short term and the sell signal is strong.

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 BUY signal in short term but buying 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 351.07 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.