Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

10 day averaged volume of Mega Flex is 6300

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	35.60	39.15	39.15	35.60	3.333 times
25 Thu Apr 2024	37.30	37.30	37.30	37.30	0.952 times
24 Wed Apr 2024	35.55	35.55	35.55	35.55	1.429 times
23 Tue Apr 2024	33.90	37.10	37.10	33.85	1.905 times
30 Tue Jan 2024	41.85	41.00	41.85	41.00	1.429 times
25 Thu Jan 2024	39.90	40.00	40.00	39.90	0.952 times
24 Wed Jan 2024	42.00	42.00	42.00	42.00	0.476 times
23 Tue Jan 2024	42.00	39.90	42.00	39.90	0.952 times
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.476 times
18 Thu Jan 2024	40.40	40.40	40.40	40.40	0.476 times

Stock of Mega Flex (MEGAFLEX_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37, but if it comes above 37, then a intra day buy could be more profitable.
If you take a sell trade below 37, then use 37 as stoploss and 33.1 as target. However if you take a buy trade in stock , then use 37 as stoploss and 40.28 as target.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.45
Downside Target	33.85
Downside Target	34.80
Upside Target	39.00
Upside Target	41.00
Upside Target	41.85
Upside Target	42.00
Upside Target	46.40
Upside Target	47.45
Upside Target	50.95

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	33.25
Downside Intraday Target	30.9
Upside Intraday Target	38.55
Upside Intraday Target	41.5
Upside Intraday Target	36.2

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	35.60	37.10	39.15	33.85	5.333 times
30 Tue Jan 2024	41.85	41.00	41.85	41.00	0.5 times
25 Thu Jan 2024	39.90	42.00	42.00	39.90	0.5 times
18 Thu Jan 2024	40.40	46.00	46.40	40.40	0.138 times
12 Fri Jan 2024	45.45	41.60	47.45	39.00	3.955 times

Price has moved down 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
26 Fri Apr 2024	35.60	37.10	39.15	33.85	0.123 times
30 Tue Jan 2024	41.85	33.95	47.45	33.95	4.643 times
29 Fri Dec 2023	33.00	31.60	34.80	31.45	0.346 times
30 Thu Nov 2023	32.10	38.50	42.00	31.95	1.397 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short to mid 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.

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 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 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

Although the stock is in the SELL zone, but selling 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 37.68 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.