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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 2024-01-15 View latest technical analysis

10 day averaged volume of Mega Flex is 34200

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	44.70	46.00	46.40	44.00	0.789 times
12 Fri Jan 2024	45.45	47.45	47.45	43.00	2.544 times
11 Thu Jan 2024	45.25	45.00	45.25	45.00	1.404 times
10 Wed Jan 2024	43.10	42.00	43.10	42.00	0.965 times
09 Tue Jan 2024	41.05	39.60	41.45	39.25	1.579 times
08 Mon Jan 2024	39.50	41.60	41.60	39.00	1.14 times
05 Fri Jan 2024	39.65	39.65	39.65	39.65	0.614 times
04 Thu Jan 2024	37.80	37.80	37.80	37.75	0.351 times
03 Wed Jan 2024	36.00	35.00	36.35	35.00	0.263 times
02 Tue Jan 2024	34.65	33.95	34.65	33.95	0.702 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.5, but if it comes below 41.5, then a intra day sell could be more profitable.
If you take a sell trade below 41.5, then use 41.5 as stoploss and 36.54 as target. However if you take a buy trade in stock , then use 41.5 as stoploss and 47.4 as target.

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	40.90
Downside Target	42.00
Downside Target	44.00
Upside Target	46.40
Upside Target	47.45
Upside Target	50.95
Upside Target	52.45

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	43.67
Downside Intraday Target	42.63
Upside Intraday Target	46.07
Upside Intraday Target	47.43
Upside Intraday Target	45.03

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	44.70	46.00	46.40	44.00	0.103 times
12 Fri Jan 2024	45.45	41.60	47.45	39.00	3.955 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

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
15 Mon Jan 2024	44.70	33.95	47.45	33.95	4.214 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 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 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mega Flex in short term but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 42.24 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.