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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 2023-12-29 View latest technical analysis

10 day averaged volume of Mega Flex is 4800

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Dec 2023	33.00	32.90	33.00	32.90	3.125 times
28 Thu Dec 2023	31.45	31.50	31.50	31.45	1.25 times
26 Tue Dec 2023	31.50	32.60	32.60	31.50	1.25 times
22 Fri Dec 2023	31.50	33.00	33.00	31.50	1.25 times
20 Wed Dec 2023	32.30	34.00	34.00	32.30	1.875 times
19 Tue Dec 2023	34.00	34.00	34.00	34.00	0.625 times
18 Mon Dec 2023	33.00	33.00	33.00	33.00	1.25 times
15 Fri Dec 2023	32.00	32.00	32.00	32.00	0.625 times
14 Thu Dec 2023	31.70	31.70	31.70	31.70	0.625 times
11 Mon Dec 2023	33.15	33.15	33.15	33.15	0.625 times

Stock of Mega Flex (MEGAFLEX_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 31.8 or till 29.3. Use a stoploss of 33.8 and if the stock hits stoploss, then it can shoot up till 35.83

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.45
Downside Target	33.00
Upside Target	34.00
Upside Target	34.80
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	31.97
Downside Intraday Target	30.93
Upside Intraday Target	33.52
Upside Intraday Target	34.03
Downside Intraday Target	32.48

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Dec 2023	33.00	32.60	33.00	31.45	1.125 times
22 Fri Dec 2023	31.50	33.00	34.00	31.50	2.667 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

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
29 Fri Dec 2023	33.00	31.60	34.80	31.45	0.346 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 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 Mega Flex ( (MEGAFLEX_SM) ) 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 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 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 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 32.38 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 rising upwards.

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.