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(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 2024-10-17 View latest technical analysis

10 day averaged volume of Mega Flex is 13800

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	57.05	57.15	57.15	57.05	0.435 times
16 Wed Oct 2024	60.05	60.05	60.05	60.05	1.087 times
15 Tue Oct 2024	63.20	63.20	63.20	63.20	0.87 times
14 Mon Oct 2024	66.50	66.75	66.75	66.50	0.652 times
10 Thu Oct 2024	70.00	67.50	70.00	67.50	0.652 times
09 Wed Oct 2024	68.00	67.00	68.00	67.00	0.652 times
08 Tue Oct 2024	70.00	65.50	70.50	65.50	2.826 times
22 Mon Apr 2024	35.35	32.25	35.35	32.25	0.435 times
18 Thu Apr 2024	33.70	33.65	33.70	33.65	0.435 times
16 Tue Apr 2024	32.10	31.90	32.10	31.40	1.957 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 59.5 as stoploss in an intra day sell trade for a target of 43.2. However, stock will show a bullish move above 59.5.

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Downside Target	31.85
Downside Target	33.35
Downside Target	35.35
Downside Target	39.75
Downside Target	42.50
Downside Target	42.70
Downside Target	57.05
Upside Target	66.75
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	53.82
Downside Intraday Target	50.58
Upside Intraday Target	63.52
Upside Intraday Target	69.98
Upside Intraday Target	60.28

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	57.05	66.75	66.75	57.05	0.667 times
10 Thu Oct 2024	70.00	32.25	70.50	32.25	1.615 times
18 Thu Apr 2024	33.70	30.65	33.70	30.65	0.867 times
12 Fri Apr 2024	30.40	28.95	31.85	28.95	2.143 times
05 Fri Apr 2024	30.35	31.85	33.35	30.30	1.167 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	57.05	65.50	70.50	57.05	0.892 times
22 Mon Apr 2024	35.35	31.85	35.35	28.95	0.698 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

Scroll below to view daily charts

Price has moved up 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 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_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 to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mega Flex in short term and the buy signal is strong.

Mega Flex Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mega Flex in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 56.91 and Mega Flex (MEGAFLEX_ST) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.