MEGASOFT_BE NEWS why is Megasoft Ltd price falling or rising

MEGASOFT_BE NEWS reasons for why stock price of Megasoft Ltd is falling or rising

MEGASOFT_BE Megasoft is falling or rising technical reasons

Technical analysis forecast for Megasoft Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Megasoft MEGASOFT_BE at this time. Stock is falling and might fall more.

It appears as if Megasoft MEGASOFT_BE gave a large move recently.

Stock of Megasoft (MEGASOFT_BE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Megasoft is bearish for shortterm, and stock might move down till 66 or till 61.3. Use a stoploss of 69.97 and if the stock hits stoploss, then it can shoot up till 73.9

MEGASOFT_BE Megasoft is falling or rising NEWS fundamental reasons

More announcements and NEWS

MEGASOFT_BE Megasoft Ltd current price & indicator signals

Moving Averages for Megasoft Ltd

  • 5Day Average: 68.09
  • 12Day Average: 70.85
  • 20Day Average: 71.53
  • 50Day Average: 67.79
  • 100Day Average: 62.36
  • 150Day Average: 57.36
  • 200Day Average: 54.1

MEGASOFT_BE Indicators & signals

Indicator MACD (12,26,9)

69.8, 69.7, 1
Indicator MACD is in positive zone

Indicator ADX (14)

5.71, 20.25, 22.7
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEGASOFT_BE Megasoft Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Nov 2024 68.10 67.50 to 69.65 -1.42% 0.75 times
26 Tue Nov 2024 69.08 68.00 to 69.50 2.05% 0.43 times
25 Mon Nov 2024 67.69 67.50 to 70.85 -0.65% 0.74 times
22 Fri Nov 2024 68.13 66.50 to 68.70 0.98% 0.52 times
21 Thu Nov 2024 67.47 67.00 to 71.45 -3.39% 0.85 times
19 Tue Nov 2024 69.84 69.15 to 71.70 0.82% 0.55 times
18 Mon Nov 2024 69.27 69.00 to 71.99 -3.44% 0.76 times
14 Thu Nov 2024 71.74 68.40 to 72.00 2.74% 1.17 times
13 Wed Nov 2024 69.83 69.80 to 72.95 -4.97% 1.42 times
12 Tue Nov 2024 73.48 73.45 to 76.99 -4.97% 1.38 times
11 Mon Nov 2024 77.32 74.35 to 79.00 -1.11% 2.17 times
08 Fri Nov 2024 78.19 77.50 to 79.89 -2.29% 2.37 times

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MEGASOFT_BE NEWS why is Megasoft Ltd price falling or rising

 

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