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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 2024-04-23 View latest technical analysis

10 day averaged volume of Mega Flex is 19800

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	33.90	37.10	37.10	33.85	0.606 times
30 Tue Jan 2024	41.85	41.00	41.85	41.00	0.455 times
25 Thu Jan 2024	39.90	40.00	40.00	39.90	0.303 times
24 Wed Jan 2024	42.00	42.00	42.00	42.00	0.152 times
23 Tue Jan 2024	42.00	39.90	42.00	39.90	0.303 times
22 Mon Jan 2024	42.00	42.00	42.00	42.00	0.152 times
18 Thu Jan 2024	40.40	40.40	40.40	40.40	0.152 times
17 Wed Jan 2024	42.50	43.90	43.90	42.50	0.303 times
15 Mon Jan 2024	44.70	46.00	46.40	44.00	1.364 times
12 Fri Jan 2024	45.45	47.45	47.45	43.00	4.394 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.8, but if it comes above 35.8, then a intra day buy could be more profitable.
If you take a sell trade below 35.8, then use 35.8 as stoploss and 31 as target. However if you take a buy trade in stock , then use 35.8 as stoploss and 39.81 as target.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	31.45
Downside Target	33.85
Upside Target	34.80
Upside Target	37.10
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	32.8
Downside Intraday Target	31.7
Upside Intraday Target	36.05
Upside Intraday Target	38.2
Upside Intraday Target	34.95

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	33.90	37.10	37.10	33.85	1.333 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, 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
23 Tue Apr 2024	33.90	37.10	37.10	33.85	0.031 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mega Flex ( (MEGAFLEX_SM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining 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 getting stronger in this stock.

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 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 43.61 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 negative.

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