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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 2024-08-30 View latest technical analysis

10 day averaged volume of Mega Flex is 9600

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	35.70	35.70	35.70	35.70	0.625 times
29 Thu Aug 2024	35.70	35.75	35.75	35.70	2.5 times
28 Wed Aug 2024	37.55	37.55	37.55	37.55	0.938 times
27 Tue Aug 2024	35.80	35.80	35.80	35.80	0.313 times
26 Mon Aug 2024	34.10	34.65	35.70	34.10	0.938 times
23 Fri Aug 2024	34.05	35.70	35.70	34.05	1.563 times
21 Wed Aug 2024	35.70	35.70	35.70	35.70	0.625 times
19 Mon Aug 2024	37.05	37.00	37.05	37.00	0.938 times
16 Fri Aug 2024	35.30	35.50	35.50	35.30	0.938 times
13 Tue Aug 2024	37.10	37.10	37.10	37.10	0.313 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.2 as stoploss in an intra day buy trade for a target of 36.52. However, stock will show a bearish move below 35.2.

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	37.55
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	34.02
Downside Intraday Target	32.33
Upside Intraday Target	37.47
Upside Intraday Target	39.23
Upside Intraday Target	35.78

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	35.70	34.65	37.55	34.10	1.7 times
23 Fri Aug 2024	34.05	37.00	37.05	34.05	1.429 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	35.70	37.45	40.00	34.05	1.833 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, 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 35.6 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 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 positive

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