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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 2024-10-31 View latest technical analysis

10 day averaged volume of Mega Flex is 10800

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	47.40	49.85	49.85	45.90	1.389 times
25 Fri Oct 2024	47.50	47.60	47.60	47.50	0.556 times
24 Thu Oct 2024	50.00	50.00	50.00	50.00	0.278 times
23 Wed Oct 2024	50.70	48.80	51.00	48.80	1.389 times
22 Tue Oct 2024	51.30	51.30	51.30	51.30	1.389 times
21 Mon Oct 2024	54.00	56.90	56.90	52.05	1.944 times
18 Fri Oct 2024	54.20	54.25	54.25	54.20	0.556 times
17 Thu Oct 2024	57.05	57.15	57.15	57.05	0.556 times
16 Wed Oct 2024	60.05	60.05	60.05	60.05	1.389 times
15 Tue Oct 2024	63.20	63.20	63.20	63.20	1.111 times

My analysis of stock is bearish for shortterm, and stock might move down till 36.8 or till 20.7. Use a stoploss of 50.26 and if the stock hits stoploss, then it can shoot up till 63.7

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Downside Target	30.65
Downside Target	32.25
Downside Target	33.70
Downside Target	35.35
Downside Target	39.75
Downside Target	42.50
Downside Target	45.90
Upside Target	47.50
Upside Target	49.85
Upside Target	54.20
Upside Target	56.90
Upside Target	66.75
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	45.58
Downside Intraday Target	43.77
Upside Intraday Target	49.53
Upside Intraday Target	51.67
Upside Intraday Target	47.72

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	47.40	49.85	49.85	45.90	0.25 times
25 Fri Oct 2024	47.50	56.90	56.90	47.50	1.25 times
18 Fri Oct 2024	54.20	66.75	66.75	54.20	0.762 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

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
31 Thu Oct 2024	47.40	65.50	70.50	45.90	1.622 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) 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 BUY. 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 buy signal for Mega Flex in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 53.83 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 positive

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