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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 2024-03-14 View latest technical analysis

10 day averaged volume of Megastar Foods is 14609

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	282.45	280.00	301.20	275.05	1.872 times
13 Wed Mar 2024	276.35	298.95	305.45	270.55	3.623 times
12 Tue Mar 2024	294.65	320.00	320.25	291.55	2.069 times
11 Mon Mar 2024	313.15	332.75	332.75	310.55	1.127 times
07 Thu Mar 2024	323.15	317.75	330.05	316.85	0.396 times
06 Wed Mar 2024	320.60	334.05	334.05	318.60	1.139 times
05 Tue Mar 2024	333.35	336.65	338.30	329.70	0.351 times
04 Mon Mar 2024	337.15	341.00	343.25	336.10	0.376 times
02 Sat Mar 2024	343.20	341.95	344.85	332.20	0.08 times
01 Fri Mar 2024	339.00	347.00	347.00	336.55	0.489 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 281.8, for a target of 309.1 or 331.93

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	270.55
Downside Target	280.95
Upside Target	305.90
Upside Target	316.85
Upside Target	330.00
Upside Target	356.90
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	257.75
Downside Intraday Target	233.05
Upside Intraday Target	319.95
Upside Intraday Target	357.45
Upside Intraday Target	295.25

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	282.45	332.75	332.75	270.55	3.844 times
07 Thu Mar 2024	323.15	341.00	343.25	316.85	0.384 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

Price has moved down 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
14 Thu Mar 2024	282.45	347.00	347.00	270.55	0.267 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 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 Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling 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 297.05 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.