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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 2024-01-25 View latest technical analysis

10 day averaged volume of Mega Flex is 27000

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	39.90	40.00	40.00	39.90	0.222 times
24 Wed Jan 2024	42.00	42.00	42.00	42.00	0.111 times
23 Tue Jan 2024	42.00	39.90	42.00	39.90	0.222 times
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.111 times
18 Thu Jan 2024	40.40	40.40	40.40	40.40	0.111 times
17 Wed Jan 2024	42.50	43.90	43.90	42.50	0.222 times
15 Mon Jan 2024	44.70	46.00	46.40	44.00	1 times
12 Fri Jan 2024	45.45	47.45	47.45	43.00	3.222 times
11 Thu Jan 2024	45.25	45.00	45.25	45.00	1.778 times
10 Wed Jan 2024	43.10	42.00	43.10	42.00	1.222 times

My analysis of stock is bullish for shortterm, and stock might move up till 43.7 or till 49.1. Use a stoploss of 39.17 and if this stock hits its stoploss, then it can fall down till 34.64

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	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	39.2
Downside Intraday Target	38.5
Upside Intraday Target	41.3
Upside Intraday Target	42.7
Upside Intraday Target	40.6

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	39.90	42.00	42.00	39.90	0.5 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 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
25 Thu Jan 2024	39.90	33.95	47.45	33.95	4.536 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 neutral. A longer time frame might give a better analysis.

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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mega Flex in short term but the sell signal is initial and weak.

Mega Flex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mega Flex in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 44.48 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 has given negative 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.