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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 2024-10-18 View latest technical analysis

10 day averaged volume of Megastar Foods is 19696

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	253.55	244.75	258.00	244.55	0.303 times
17 Thu Oct 2024	246.05	247.15	249.90	242.05	0.093 times
16 Wed Oct 2024	247.10	245.90	249.65	242.05	0.294 times
15 Tue Oct 2024	246.90	249.00	249.90	243.45	0.413 times
14 Mon Oct 2024	244.60	249.85	249.85	242.00	1.429 times
11 Fri Oct 2024	248.60	251.20	251.20	245.00	0.749 times
10 Thu Oct 2024	249.85	252.80	264.00	249.00	2.27 times
09 Wed Oct 2024	251.65	259.05	265.60	250.20	1.438 times
08 Tue Oct 2024	258.20	264.45	288.00	253.60	2.365 times
07 Mon Oct 2024	253.50	262.00	269.95	250.00	0.556 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 247.7 as stoploss in an intra day buy trade for a target of 263.51. However, stock will show a bearish move below 247.7.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	242.00
Upside Target	258.00
Upside Target	264.50
Upside Target	280.20
Upside Target	288.00
Upside Target	296.00
Upside Target	300.70
Upside Target	301.00
Upside Target	318.00
Upside Target	321.00
Upside Target	330.00
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	244.37
Downside Intraday Target	235.18
Upside Intraday Target	260.37
Upside Intraday Target	267.18
Downside Intraday Target	251.18

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	253.55	249.85	258.00	242.00	0.343 times
11 Fri Oct 2024	248.60	262.00	288.00	245.00	2.181 times
04 Fri Oct 2024	266.10	280.50	300.70	264.50	0.187 times
27 Fri Sep 2024	279.05	270.70	318.00	265.10	8.313 times
20 Fri Sep 2024	269.30	291.20	301.00	267.80	1.516 times

Price has moved up 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
18 Fri Oct 2024	253.55	283.10	296.00	242.00	0.399 times
30 Mon Sep 2024	281.60	294.25	330.00	265.10	2.389 times
30 Fri Aug 2024	293.75	303.00	321.00	280.20	0.255 times
31 Wed Jul 2024	302.35	253.25	374.50	248.00	5.18 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short 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 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 BUY. Signal strength is Weak and stock is losing 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 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 251.33 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 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.