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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 2024-11-01 View latest technical analysis

10 day averaged volume of Mega Flex is 11400

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	49.75	45.70	49.75	45.70	0.526 times
31 Thu Oct 2024	47.40	49.85	49.85	45.90	1.316 times
25 Fri Oct 2024	47.50	47.60	47.60	47.50	0.526 times
24 Thu Oct 2024	50.00	50.00	50.00	50.00	0.263 times
23 Wed Oct 2024	50.70	48.80	51.00	48.80	1.316 times
22 Tue Oct 2024	51.30	51.30	51.30	51.30	1.316 times
21 Mon Oct 2024	54.00	56.90	56.90	52.05	1.842 times
18 Fri Oct 2024	54.20	54.25	54.25	54.20	0.526 times
17 Thu Oct 2024	57.05	57.15	57.15	57.05	0.526 times
16 Wed Oct 2024	60.05	60.05	60.05	60.05	1.316 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.4 or till 23.1. Use a stoploss of 51.16 and if the stock hits stoploss, then it can shoot up till 63.92

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	42.70
Downside Target	45.70
Downside Target	47.50
Downside Target	49.75
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	47.02
Downside Intraday Target	44.28
Upside Intraday Target	51.17
Upside Intraday Target	52.58
Downside Intraday Target	48.43

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	49.75	49.85	49.85	45.70	0.35 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 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	49.75	45.70	49.75	45.70	0.033 times
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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 52.56 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.