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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 2024-01-08 View latest technical analysis

10 day averaged volume of Mega Flex is 11100

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	39.50	41.60	41.60	39.00	3.514 times
05 Fri Jan 2024	39.65	39.65	39.65	39.65	1.892 times
04 Thu Jan 2024	37.80	37.80	37.80	37.75	1.081 times
03 Wed Jan 2024	36.00	35.00	36.35	35.00	0.811 times
02 Tue Jan 2024	34.65	33.95	34.65	33.95	2.162 times
29 Fri Dec 2023	33.00	32.90	33.00	32.90	1.351 times
28 Thu Dec 2023	31.45	31.50	31.50	31.45	0.541 times
26 Tue Dec 2023	31.50	32.60	32.60	31.50	0.541 times
22 Fri Dec 2023	31.50	33.00	33.00	31.50	0.541 times
20 Wed Dec 2023	32.30	34.00	34.00	32.30	0.811 times

Stock of Mega Flex (MEGAFLEX_SM) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.5, for a target of 36.6 or 34.1

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.45
Downside Target	33.00
Downside Target	33.95
Downside Target	34.80
Downside Target	39.00
Upside Target	40.05
Upside Target	40.90
Upside Target	41.60
Upside Target	42.00
Upside Target	50.95
Upside Target	52.45

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	38.47
Downside Intraday Target	37.43
Upside Intraday Target	41.07
Upside Intraday Target	42.63
Upside Intraday Target	40.03

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	39.50	41.60	41.60	39.00	0.591 times
05 Fri Jan 2024	39.65	33.95	39.65	33.95	2.444 times
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

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
08 Mon Jan 2024	39.50	33.95	41.60	33.95	1.25 times
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

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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Mega Flex in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 36.29 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.