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(MEGAFLEX_SM) Mega Flex complete technical analysis [charts+indicators] | Buy/Sell Mega Flex | (MEGAFLEX_SM) share price targets

Complete technical analysis of Mega Flex (MEGAFLEX_SM) by charts plus indicators, forecast predictions and share price targets for Mega Flex (MEGAFLEX_SM)

Showing technical analysis as on 2023-12-14 View latest technical analysis

10 day averaged volume of Mega Flex is 13800

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	31.70	31.70	31.70	31.70	0.217 times
11 Mon Dec 2023	33.15	33.15	33.15	33.15	0.217 times
08 Fri Dec 2023	34.80	34.80	34.80	34.80	0.217 times
06 Wed Dec 2023	34.80	34.65	34.80	34.65	0.652 times
01 Fri Dec 2023	34.65	31.60	34.65	31.60	0.87 times
30 Thu Nov 2023	32.10	34.00	34.00	31.95	1.522 times
29 Wed Nov 2023	34.50	34.50	34.50	34.50	0.435 times
24 Fri Nov 2023	34.00	34.00	34.00	34.00	1.957 times
23 Thu Nov 2023	34.60	35.45	35.45	34.60	2.826 times
22 Wed Nov 2023	38.45	38.45	38.45	38.45	0.217 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 30.5, for a target of 33.7 or 36.34

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.60
Upside Target	33.15
Upside Target	34.00
Upside Target	36.00
Upside Target	38.45
Upside Target	38.95
Upside Target	40.05
Upside Target	40.90
Upside Target	42.00
Upside Target	50.95
Upside Target	52.30
Upside Target	52.45

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	31.22
Downside Intraday Target	30.73
Upside Intraday Target	32.67
Upside Intraday Target	33.63
Upside Intraday Target	32.18

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	31.70	33.15	33.15	31.70	0.5 times
08 Fri Dec 2023	34.80	34.65	34.80	34.65	0.308 times
01 Fri Dec 2023	34.65	34.50	34.65	31.60	0.464 times
24 Fri Nov 2023	34.00	37.95	38.95	34.00	1.75 times
17 Fri Nov 2023	36.00	38.00	38.45	36.00	0.64 times

Price has moved down 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 Mega Flex (MEGAFLEX_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	31.70	31.60	34.80	31.60	0.123 times
30 Thu Nov 2023	32.10	38.50	42.00	31.95	1.397 times
31 Tue Oct 2023	40.05	43.00	50.95	40.05	0.374 times
28 Thu Sep 2023	43.50	51.90	52.45	40.90	0.625 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 Mega Flex (MEGAFLEX_SM)

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) 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 Mega Flex stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mega Flex in short term and the sell signal is strong.

Mega Flex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mega Flex in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mega Flex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34.06 and Mega Flex (MEGAFLEX_SM) 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 Mega Flex (MEGAFLEX_SM) stock. Volume based technical analysis of Mega Flex (MEGAFLEX_SM) stock is negative.

Mega Flex 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.