(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 18600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 31.00 | 31.00 | 31.40 | 31.00 | 0.484 times |
| 23 Thu Mar 2023 | 31.50 | 30.75 | 31.50 | 30.70 | 0.806 times |
| 22 Wed Mar 2023 | 31.50 | 30.75 | 32.55 | 30.75 | 2.258 times |
| 21 Tue Mar 2023 | 31.50 | 31.40 | 31.50 | 31.40 | 0.323 times |
| 20 Mon Mar 2023 | 30.05 | 30.50 | 30.50 | 30.00 | 0.484 times |
| 17 Fri Mar 2023 | 30.30 | 30.45 | 31.05 | 30.00 | 2.097 times |
| 16 Thu Mar 2023 | 32.50 | 33.50 | 34.80 | 32.50 | 0.645 times |
| 14 Tue Mar 2023 | 33.40 | 34.60 | 34.60 | 33.00 | 1.613 times |
| 13 Mon Mar 2023 | 36.50 | 33.50 | 36.50 | 33.00 | 0.968 times |
| 10 Fri Mar 2023 | 35.80 | 35.80 | 35.80 | 35.80 | 0.161 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.4, but if it comes above 31.4, then a intra day buy could be more profitable.
If you take a sell trade below 31.4, then use 31.4 as stoploss and 28.2 as target. However if you take a buy trade in stock , then use 31.4 as stoploss and 34.05 as target.
Share price targets for Mega Flex (MEGAFLEX_SM)
| Target Type | Value |
| Downside Target | 30.00 |
| Upside Target | 32.05 |
| Upside Target | 35.40 |
| Upside Target | 37.20 |
| Upside Target | 37.40 |
| Upside Target | 37.55 |
| Upside Target | 38.50 |
| Upside Target | 42.50 |
| Upside Target | 44.95 |
| Upside Target | 47.50 |
| Upside Target | 48.00 |
Intraday share price targets for Mega Flex (MEGAFLEX_SM)
| Target Type | Value |
| Downside Intraday Target | 29.82 |
| Downside Intraday Target | 28.63 |
| Upside Intraday Target | 32.37 |
| Upside Intraday Target | 33.73 |
| Upside Intraday Target | 31.18 |
Weekly technical analysis of Mega Flex (MEGAFLEX_SM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 31.00 | 30.50 | 32.55 | 30.00 | 0.818 times |
| 17 Fri Mar 2023 | 30.30 | 33.50 | 36.50 | 30.00 | 6.6 times |
| 10 Fri Mar 2023 | 35.80 | 34.25 | 35.80 | 32.85 | 0.294 times |
| 02 Thu Mar 2023 | 34.70 | 34.75 | 35.40 | 32.05 | 1.214 times |
| 24 Fri Feb 2023 | 34.75 | 38.50 | 38.50 | 33.05 | 1.75 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 |
| 24 Fri Mar 2023 | 31.00 | 34.70 | 36.50 | 30.00 | 1.435 times |
| 28 Tue Feb 2023 | 33.80 | 42.50 | 42.50 | 32.05 | 0.639 times |
| 31 Tue Jan 2023 | 42.30 | 37.55 | 44.95 | 37.55 | 0.471 times |
| 30 Fri Dec 2022 | 38.10 | 38.75 | 47.50 | 37.20 | 1.8 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 18, 35, 33 | Sell |
| MACD | -4, -4 | Sell |
| Stochastics | 21 | Sell |
| CCI | -51 | Sell |
| RSI | 45 | Sell |
| OBV | -150000 | Sell |
| VWAP | 32 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 Strong and stock is losing momentum.
MACD generated a SELL signal for Mega Flex in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 32.09 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.
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