Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(MEGAFLEX_ST) Mega Flex complete technical analysis [charts+indicators] | Buy/Sell Mega Flex | (MEGAFLEX_ST) share price targets

Complete technical analysis of Mega Flex (MEGAFLEX_ST) by charts plus indicators, forecast predictions and share price targets for Mega Flex (MEGAFLEX_ST)

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Mega Flex is 11400

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	30.35	30.35	30.35	30.35	0.789 times
08 Mon Apr 2024	28.95	28.95	29.05	28.95	2.105 times
05 Fri Apr 2024	30.35	33.35	33.35	30.35	0.526 times
04 Thu Apr 2024	31.80	30.45	31.80	30.45	0.789 times
02 Tue Apr 2024	30.30	30.30	30.30	30.30	0.263 times
01 Mon Apr 2024	31.85	31.85	31.85	31.85	0.263 times
28 Thu Mar 2024	30.35	31.50	31.50	30.35	1.316 times
27 Wed Mar 2024	31.95	31.95	31.95	31.95	0.263 times
20 Wed Mar 2024	31.95	33.60	34.25	31.95	3.421 times
19 Tue Mar 2024	33.60	33.60	33.60	33.60	0.263 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 30.3 as stoploss in an intra day buy trade for a target of 31.84. However, stock will show a bearish move below 30.3.

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Upside Target	31.95
Upside Target	33.05
Upside Target	34.00
Upside Target	34.25
Upside Target	39.75
Upside Target	42.50
Upside Target	42.70
Upside Target	50.30
Upside Target	62.45

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	29.42
Downside Intraday Target	28.48
Upside Intraday Target	30.82
Upside Intraday Target	31.28
Downside Intraday Target	29.88

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	30.35	28.95	30.35	28.95	1.571 times
05 Fri Apr 2024	30.35	31.85	33.35	30.30	1.167 times
28 Thu Mar 2024	30.35	31.95	31.95	30.35	0.353 times
20 Wed Mar 2024	31.95	32.55	34.25	31.95	0.708 times
14 Thu Mar 2024	31.00	30.40	33.05	29.95	4 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	30.35	31.85	33.35	28.95	0.34 times
28 Thu Mar 2024	30.35	33.95	34.25	29.95	2.208 times
28 Wed Feb 2024	35.70	42.55	42.70	34.00	3.429 times
31 Wed Jan 2024	42.50	39.80	42.50	39.75	0.006 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_ST)

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) 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_ST) ) 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_ST) ) 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_ST) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 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 30.88 and Mega Flex (MEGAFLEX_ST) 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_ST) stock. Volume based technical analysis of Mega Flex (MEGAFLEX_ST) 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.