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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 22800

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	43.85	43.75	45.00	43.75	2.237 times
24 Fri Jan 2025	46.05	48.65	48.65	46.05	0.263 times
23 Thu Jan 2025	48.45	48.45	48.45	48.45	0.263 times
20 Mon Jan 2025	46.15	46.15	46.15	46.15	0.132 times
17 Fri Jan 2025	44.00	44.00	44.00	44.00	0.132 times
16 Thu Jan 2025	46.00	41.70	46.00	41.70	0.395 times
15 Wed Jan 2025	43.90	44.05	44.05	43.70	0.526 times
14 Tue Jan 2025	46.00	45.35	46.00	45.30	0.395 times
13 Mon Jan 2025	47.65	47.70	47.70	47.65	0.263 times
07 Mon Oct 2024	68.95	74.80	75.00	68.30	4.605 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 45.3, but if it comes above 45.3, then a intra day buy could be more profitable.
If you take a sell trade below 45.3, then use 45.3 as stoploss and 34.1 as target. However if you take a buy trade in stock , then use 45.3 as stoploss and 54.63 as target.

Share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Target	34.05
Downside Target	35.60
Downside Target	39.50
Downside Target	41.70
Downside Target	43.75
Upside Target	45.00
Upside Target	46.05
Upside Target	47.70
Upside Target	63.75
Upside Target	64.20
Upside Target	68.30
Upside Target	71.95
Upside Target	75.00

Intraday share price targets for Mega Flex (MEGAFLEX_SM)

Target Type	Value
Downside Intraday Target	43.4
Downside Intraday Target	42.95
Upside Intraday Target	44.65
Upside Intraday Target	45.45
Upside Intraday Target	44.2

Weekly technical analysis of Mega Flex (MEGAFLEX_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	43.85	43.75	45.00	43.75	3.4 times
24 Fri Jan 2025	46.05	46.15	48.65	46.05	0.385 times
17 Fri Jan 2025	44.00	47.70	47.70	41.70	0.371 times
07 Mon Oct 2024	68.95	74.80	75.00	68.30	0.347 times
04 Fri Oct 2024	71.90	63.75	71.95	63.75	0.743 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
27 Mon Jan 2025	43.85	47.70	48.65	41.70	0.31 times
07 Mon Oct 2024	68.95	66.90	75.00	64.20	0.335 times
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

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 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 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 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 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 SELL. Signal strength is Weak 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 but selling is losing 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 56.93 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.