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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 2024-01-09 View latest technical analysis

10 day averaged volume of Mega Flex is 14700

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	41.05	39.60	41.45	39.25	3.673 times
08 Mon Jan 2024	39.50	41.60	41.60	39.00	2.653 times
05 Fri Jan 2024	39.65	39.65	39.65	39.65	1.429 times
04 Thu Jan 2024	37.80	37.80	37.80	37.75	0.816 times
03 Wed Jan 2024	36.00	35.00	36.35	35.00	0.612 times
02 Tue Jan 2024	34.65	33.95	34.65	33.95	1.633 times
29 Fri Dec 2023	33.00	32.90	33.00	32.90	1.02 times
28 Thu Dec 2023	31.45	31.50	31.50	31.45	0.408 times
26 Tue Dec 2023	31.50	32.60	32.60	31.50	0.408 times
22 Fri Dec 2023	31.50	33.00	33.00	31.50	0.408 times

Stock of Mega Flex (MEGAFLEX_SM) has showed a significant upmove. This could be a good time to enter in 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 40.8, for a target of 37.3 or 34.43

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
Downside Target	40.05
Downside 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	39.5
Downside Intraday Target	37.95
Upside Intraday Target	42.1
Upside Intraday Target	43.15
Downside Intraday Target	40.55

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	41.05	41.60	41.60	39.00	1.409 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 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
09 Tue Jan 2024	41.05	33.95	41.60	33.95	1.893 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, and volume has increased substantially. This means that the move can 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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 moving up

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 37.82 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.