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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 2024-09-30 View latest technical analysis

10 day averaged volume of Mega Flex is 83100

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	63.75	63.75	63.75	63.75	0.83 times
27 Fri Sep 2024	60.75	60.75	60.75	56.15	1.119 times
26 Thu Sep 2024	57.90	62.50	62.50	56.60	1.949 times
25 Wed Sep 2024	59.55	59.55	59.55	56.75	1.191 times
24 Tue Sep 2024	56.75	56.75	56.75	56.75	0.361 times
23 Mon Sep 2024	54.05	54.00	54.05	54.00	0.289 times
20 Fri Sep 2024	51.50	49.40	51.85	49.40	0.686 times
19 Thu Sep 2024	49.40	51.85	51.85	49.40	0.614 times
18 Wed Sep 2024	49.40	49.35	49.40	48.00	1.3 times
17 Tue Sep 2024	47.05	45.75	47.05	45.75	2.022 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 67.5, for a target of 56.1 or 46.64

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.15
Downside Target	33.65
Downside Target	35.25
Downside Target	39.00
Downside Target	42.75
Downside Target	44.80
Downside Target	51.85
Downside Target	54.00
Downside Target	62.50
Downside Target	63.75

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	63.75
Downside Intraday Target	63.75
Downside Intraday Target	63.75
Downside Intraday Target	63.75
Downside Intraday Target	63.75

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	63.75	63.75	63.75	63.75	0.169 times
27 Fri Sep 2024	60.75	54.00	62.50	54.00	0.965 times
20 Fri Sep 2024	51.50	44.85	51.85	44.80	3.917 times
13 Fri Sep 2024	42.75	36.00	42.75	35.25	36 times
06 Fri Sep 2024	34.30	34.30	34.30	34.30	0.059 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
30 Mon Sep 2024	63.75	34.30	63.75	34.30	7.659 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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mega Flex stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mega Flex in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mega Flex Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mega Flex in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 54.61 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 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 is giving positive 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.