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(MEGASTAR_BE) Megastar Foods complete technical analysis [charts+indicators] | Buy/Sell Megastar Foods | (MEGASTAR_BE) share price targets

Complete technical analysis of Megastar Foods (MEGASTAR_BE) by charts plus indicators, forecast predictions and share price targets for Megastar Foods (MEGASTAR_BE)

10 day averaged volume of Megastar Foods is 5152

Date Daily Closing Price Open High Low Volume
05 Mon Dec 2022 244.95 244.25 244.95 240.00 0.562 times
02 Fri Dec 2022 240.65 240.00 245.95 238.00 0.919 times
01 Thu Dec 2022 240.40 247.00 247.00 232.55 1.202 times
30 Wed Nov 2022 244.05 246.95 248.00 235.00 1.24 times
29 Tue Nov 2022 241.15 249.30 249.30 235.40 1.046 times
28 Mon Nov 2022 244.35 254.40 254.40 240.40 1.261 times
25 Fri Nov 2022 250.15 251.95 252.00 242.00 1.001 times
24 Thu Nov 2022 250.00 255.55 255.55 246.50 0.523 times
23 Wed Nov 2022 251.45 251.00 256.70 251.00 0.995 times
22 Tue Nov 2022 256.40 274.50 274.50 254.00 1.007 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 244.7 as stoploss in an intra day buy trade for a target of 255.94. However, stock will show a bearish move below 244.7.

Share price targets for Megastar Foods (MEGASTAR_BE)

Target Type Value
Downside Target 186.00
Downside Target 210.00
Downside Target 232.55
Downside Target 240.00
Upside Target 254.40
Upside Target 255.20
Upside Target 275.60
Upside Target 276.55
Upside Target 289.95
Upside Target 298.45
Upside Target 304.00

Intraday share price targets for Megastar Foods (MEGASTAR_BE)

Target Type Value
Downside Intraday Target 241.65
Downside Intraday Target 238.35
Upside Intraday Target 246.6
Upside Intraday Target 248.25
Downside Intraday Target 243.3

Weekly technical analysis of Megastar Foods (MEGASTAR_BE)

Date Weekly Closing Price Open High Low Volume
05 Mon Dec 2022 244.95 244.25 244.95 240.00 0.099 times
02 Fri Dec 2022 240.65 254.40 254.40 232.55 1.308 times
25 Fri Nov 2022 250.15 275.60 275.60 242.00 0.272 times
18 Fri Nov 2022 270.65 268.85 276.55 248.65 2.636 times
11 Fri Nov 2022 263.40 289.95 289.95 255.20 0.221 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_BE)

Date Monthly Closing Price Open High Low Volume
05 Mon Dec 2022 244.95 247.00 247.00 232.55 0.053 times
30 Wed Nov 2022 244.05 299.00 304.00 235.00 0.891 times
31 Mon Oct 2022 290.50 188.65 298.45 186.55 18.874 times
30 Fri Sep 2022 197.60 194.45 210.00 186.00 0 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_BE)

Indicator Name Indicator Value Indicator Signal
ADX 11, 18, 24 Sell
MACD 4, 9Sell
Stochastics 22Sell
CCI -46Buy
RSI 51Buy
OBV -35807Sell
VWAP 246Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Megastar Foods ( (MEGASTAR_BE) ) 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_BE) ) 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_BE) ) 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_BE) ) based on a mid to longer term time period is

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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 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 246.03 and Megastar Foods (MEGASTAR_BE) 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_BE) stock. Volume based technical analysis of Megastar Foods (MEGASTAR_BE) stock is negative.

Megastar Foods Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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