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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 2024-08-21 View latest technical analysis

10 day averaged volume of Mega Flex is 7800

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	35.70	35.70	35.70	35.70	0.769 times
19 Mon Aug 2024	37.05	37.00	37.05	37.00	1.154 times
16 Fri Aug 2024	35.30	35.50	35.50	35.30	1.154 times
13 Tue Aug 2024	37.10	37.10	37.10	37.10	0.385 times
12 Mon Aug 2024	39.00	38.40	40.00	38.40	1.154 times
08 Thu Aug 2024	38.45	38.45	38.45	38.45	0.385 times
07 Wed Aug 2024	37.45	37.45	37.45	37.45	0.385 times
02 Fri Aug 2024	35.75	37.55	37.55	35.70	1.923 times
01 Thu Aug 2024	37.55	37.45	37.55	37.45	1.154 times
31 Wed Jul 2024	35.80	35.65	36.00	35.60	1.538 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.8, but if it comes above 35.8, then a intra day buy could be more profitable.
If you take a sell trade below 35.8, then use 35.8 as stoploss and 34.4 as target. However if you take a buy trade in stock , then use 35.8 as stoploss and 37.04 as target.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.15
Downside Target	33.65
Downside Target	35.30
Upside Target	37.05
Upside Target	38.00
Upside Target	38.45
Upside Target	39.00
Upside Target	39.15
Upside Target	39.50
Upside Target	39.95
Upside Target	40.00

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	35.25
Downside Intraday Target	34.8
Upside Intraday Target	36.6
Upside Intraday Target	37.5
Upside Intraday Target	36.15

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	35.70	37.00	37.05	35.70	0.714 times
16 Fri Aug 2024	35.30	38.40	40.00	35.30	3.5 times
08 Thu Aug 2024	38.45	37.45	38.45	37.45	0.167 times
02 Fri Aug 2024	35.75	35.65	37.55	35.60	1.5 times
25 Thu Jul 2024	37.45	37.55	38.00	35.70	2 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
21 Wed Aug 2024	35.70	37.45	40.00	35.30	0.917 times
31 Wed Jul 2024	35.80	38.50	39.50	35.60	0.545 times
28 Fri Jun 2024	36.95	39.00	39.00	33.65	0.543 times
31 Fri May 2024	39.00	38.30	39.95	31.15	2.132 times

Scroll below to view daily charts

Price has moved down 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 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 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 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 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 gaining momentum.

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

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 but selling is losing 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 36.66 and Mega Flex (MEGAFLEX_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 negative.

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