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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 2024-09-09 View latest technical analysis

10 day averaged volume of Mega Flex is 9300

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	35.25	36.00	36.00	35.25	0.645 times
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

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 34.9 as stoploss in an intra day buy trade for a target of 36.24. However, stock will show a bearish move below 34.9.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.15
Downside Target	33.65
Downside Target	35.25
Upside Target	36.00
Upside Target	37.05
Upside Target	37.55
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	35
Downside Intraday Target	34.75
Upside Intraday Target	35.75
Upside Intraday Target	36.25
Upside Intraday Target	35.5

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	35.25	36.00	36.00	35.25	2 times
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

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
09 Mon Sep 2024	35.25	34.30	36.00	34.30	0.068 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and selling is picking up 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 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 positive

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