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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)

10 day averaged volume of Mega Flex is 12300

Date Daily Closing Price Open High Low Volume
30 Mon Jan 2023 41.80 41.80 41.80 41.80 0.244 times
27 Fri Jan 2023 40.90 40.00 40.90 39.50 1.707 times
25 Wed Jan 2023 42.00 43.00 43.00 42.00 0.732 times
24 Tue Jan 2023 41.10 41.30 41.30 41.10 0.976 times
23 Mon Jan 2023 42.00 41.20 42.00 41.20 0.488 times
20 Fri Jan 2023 44.00 44.00 44.00 44.00 0.732 times
19 Thu Jan 2023 43.00 43.00 43.00 43.00 0.244 times
18 Wed Jan 2023 42.00 42.00 42.00 42.00 0.244 times
17 Tue Jan 2023 42.00 43.00 43.00 42.00 0.976 times
16 Mon Jan 2023 44.00 44.50 44.50 42.00 0.976 times

My analysis of stock is bullish for shortterm, and stock might move up till 43 or till 45. Use a stoploss of 41.41 and if this stock hits its stoploss, then it can fall down till 39.79

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type Value
Downside Target 37.20
Downside Target 39.50
Downside Target 41.00
Upside Target 43.00
Upside Target 44.50
Upside Target 44.95
Upside Target 45.00
Upside Target 47.50
Upside Target 48.00
Upside Target 58.70

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type Value
Downside Intraday Target 41.8
Downside Intraday Target 41.8
Downside Intraday Target 41.8
Downside Intraday Target 41.8
Downside Intraday Target 41.8

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date Weekly Closing Price Open High Low Volume
30 Mon Jan 2023 41.80 41.80 41.80 41.80 0.063 times
27 Fri Jan 2023 40.90 41.20 43.00 39.50 1.231 times
20 Fri Jan 2023 44.00 44.50 44.50 42.00 0.52 times
13 Fri Jan 2023 43.00 42.90 44.95 40.15 1.786 times
06 Fri Jan 2023 39.50 37.55 41.00 37.55 0.5 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 Jan 2023 41.80 37.55 44.95 37.55 0.451 times
30 Fri Dec 2022 38.10 38.75 47.50 37.20 1.8 times
30 Wed Nov 2022 40.70 46.20 48.00 37.40 0.457 times
31 Mon Oct 2022 46.20 55.70 58.70 45.00 0 times

Scroll below to view daily charts

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 41, 33, 11 Buy
MACD -0, -1Buy
Stochastics 33None
CCI -36Buy
RSI 45Sell
OBV 60000Sell
VWAP 42Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 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 Weak and stock is gaining momentum.

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

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

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 in or above 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

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 42.12 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.

Click here for Mega Flex charts

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Daily charts

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Daily chart

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