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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 2024-09-06 View latest technical analysis

10 day averaged volume of Mega Flex is 9300

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	34.30	34.30	34.30	34.30	0.323 times
30 Fri Aug 2024	35.70	35.70	35.70	35.70	0.645 times
29 Thu Aug 2024	35.70	35.75	35.75	35.70	2.581 times
28 Wed Aug 2024	37.55	37.55	37.55	37.55	0.968 times
27 Tue Aug 2024	35.80	35.80	35.80	35.80	0.323 times
26 Mon Aug 2024	34.10	34.65	35.70	34.10	0.968 times
23 Fri Aug 2024	34.05	35.70	35.70	34.05	1.613 times
21 Wed Aug 2024	35.70	35.70	35.70	35.70	0.645 times
19 Mon Aug 2024	37.05	37.00	37.05	37.00	0.968 times
16 Fri Aug 2024	35.30	35.50	35.50	35.30	0.968 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, but if it comes above 35, then a intra day buy could be more profitable.
If you take a sell trade below 35, then use 35 as stoploss and 33.3 as target. However if you take a buy trade in stock , then use 35 as stoploss and 36.35 as target.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.15
Downside Target	33.65
Upside Target	35.30
Upside Target	37.05
Upside Target	37.45
Upside Target	37.55
Upside Target	38.45
Upside Target	39.00
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	34.3
Downside Intraday Target	34.3
Downside Intraday Target	34.3
Downside Intraday Target	34.3
Downside Intraday Target	34.3

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	34.30	34.30	34.30	34.30	0.059 times
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

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
06 Fri Sep 2024	34.30	34.30	34.30	34.30	0.023 times
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

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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 Strong 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 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 35.51 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.