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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 2024-01-22 View latest technical analysis

10 day averaged volume of Mega Flex is 33000

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.091 times
18 Thu Jan 2024	40.40	40.40	40.40	40.40	0.091 times
17 Wed Jan 2024	42.50	43.90	43.90	42.50	0.182 times
15 Mon Jan 2024	44.70	46.00	46.40	44.00	0.818 times
12 Fri Jan 2024	45.45	47.45	47.45	43.00	2.636 times
11 Thu Jan 2024	45.25	45.00	45.25	45.00	1.455 times
10 Wed Jan 2024	43.10	42.00	43.10	42.00	1 times
09 Tue Jan 2024	41.05	39.60	41.45	39.25	1.636 times
08 Mon Jan 2024	39.50	41.60	41.60	39.00	1.182 times
05 Fri Jan 2024	39.65	39.65	39.65	39.65	0.636 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 42.8 as stoploss in an intra day sell trade for a target of 37.94. However, stock will show a bullish move above 42.8.

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	42.00
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	42
Downside Intraday Target	42
Downside Intraday Target	42
Downside Intraday Target	42
Downside Intraday Target	42

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.083 times
18 Thu Jan 2024	40.40	46.00	46.40	40.40	0.138 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

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
22 Mon Jan 2024	42.00	33.95	47.45	33.95	4.357 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

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 43.14 and Mega Flex (MEGAFLEX_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.