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Stock analysis Megastar Foods Limited MEGASTAR

More indepth analysis on MunafaSutra.com

Moving Averages for Megastar Foods Limited

  • 5Day Average: 287.68
  • 12Day Average: 284.45
  • 20Day Average: 286.14
  • 50Day Average: 304.7
  • 100Day Average: 333.2
  • 150Day Average: 325.96
  • 200Day Average: 311.92

MEGASTAR Indicators & signals

Indicator MACD (12,26,9)

285.95, 289.95, -6.02
Indicator MACD is in negative zone

Indicator ADX (14)

0.25, 17.31, 17.4
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEGASTAR Megastar Foods Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 288.80 282.95 to 296.00 0.8% 1.75 times
29 Mon Apr 2024 286.50 283.55 to 289.00 0.86% 0.6 times
26 Fri Apr 2024 284.05 283.00 to 292.95 -1.2% 0.96 times
25 Thu Apr 2024 287.50 284.80 to 294.95 -1.39% 1.44 times
24 Wed Apr 2024 291.55 283.00 to 295.00 3.24% 1.53 times
23 Tue Apr 2024 282.40 280.20 to 284.30 0.82% 0.55 times
22 Mon Apr 2024 280.10 277.05 to 285.15 0.88% 0.71 times
19 Fri Apr 2024 277.65 273.20 to 286.90 -1.68% 1.26 times
18 Thu Apr 2024 282.40 277.05 to 287.45 0.11% 0.91 times
16 Tue Apr 2024 282.10 279.05 to 283.95 0.28% 0.4 times
15 Mon Apr 2024 281.30 274.05 to 285.95 -2.68% 1.64 times
12 Fri Apr 2024 289.05 283.70 to 291.00 1.39% 1.07 times

Technical analysis forecast of Megastar Foods Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Megastar Foods Limited MEGASTAR at this time. Stock is rising and might rise more.

It appears as if Megastar Foods Limited MEGASTAR gave a large move recently.

Stock of Megastar Foods Limited (MEGASTAR) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Megastar Foods Limited is bullish for shortterm, and stock might move up till 293.1 or till 299.7. Use a stoploss of 287.53 and if this stock hits its stoploss, then it can fall down till 282

More indepth analysis on MunafaSutra.com