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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 2023-12-19 View latest technical analysis

10 day averaged volume of Mega Flex is 9300

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	34.00	34.00	34.00	34.00	0.323 times
18 Mon Dec 2023	33.00	33.00	33.00	33.00	0.645 times
15 Fri Dec 2023	32.00	32.00	32.00	32.00	0.323 times
14 Thu Dec 2023	31.70	31.70	31.70	31.70	0.323 times
11 Mon Dec 2023	33.15	33.15	33.15	33.15	0.323 times
08 Fri Dec 2023	34.80	34.80	34.80	34.80	0.323 times
06 Wed Dec 2023	34.80	34.65	34.80	34.65	0.968 times
01 Fri Dec 2023	34.65	31.60	34.65	31.60	1.29 times
30 Thu Nov 2023	32.10	34.00	34.00	31.95	2.258 times
29 Wed Nov 2023	34.50	34.50	34.50	34.50	0.645 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 33 as stoploss in an intra day buy trade for a target of 35.27. However, stock will show a bearish move below 33.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.60
Downside Target	33.00
Downside Target	34.00
Upside Target	34.80
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	33.33
Downside Intraday Target	32.67
Upside Intraday Target	34.33
Upside Intraday Target	34.67
Downside Intraday Target	33.67

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	34.00	33.00	34.00	33.00	1 times
15 Fri Dec 2023	32.00	33.15	33.15	31.70	0.75 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

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 Mega Flex (MEGAFLEX_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	34.00	31.60	34.80	31.60	0.173 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 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 Mega Flex (MEGAFLEX_SM)

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a BUY signal for Mega Flex in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mega Flex Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Mega Flex in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.41 and Mega Flex (MEGAFLEX_SM) 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 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.