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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 8400

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	37.30	37.30	37.30	37.30	0.714 times
24 Wed Apr 2024	35.55	35.55	35.55	35.55	1.071 times
23 Tue Apr 2024	33.90	37.10	37.10	33.85	1.429 times
30 Tue Jan 2024	41.85	41.00	41.85	41.00	1.071 times
25 Thu Jan 2024	39.90	40.00	40.00	39.90	0.714 times
24 Wed Jan 2024	42.00	42.00	42.00	42.00	0.357 times
23 Tue Jan 2024	42.00	39.90	42.00	39.90	0.714 times
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.357 times
18 Thu Jan 2024	40.40	40.40	40.40	40.40	0.357 times
17 Wed Jan 2024	42.50	43.90	43.90	42.50	0.714 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 36.9 as stoploss in an intra day buy trade for a target of 40.23. However, stock will show a bearish move below 36.9.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.45
Downside Target	33.85
Downside Target	34.80
Downside Target	37.30
Upside Target	39.00
Upside Target	39.90
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	35
Downside Intraday Target	32.7
Upside Intraday Target	38.45
Upside Intraday Target	39.6
Downside Intraday Target	36.15

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	37.30	37.10	37.30	33.85	3 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
25 Thu Apr 2024	37.30	37.10	37.30	33.85	0.069 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 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 but the sell signal is initial and weak.

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 38.84 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.