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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 2024-11-07 View latest technical analysis

10 day averaged volume of Mega Flex is 9900

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	47.90	47.90	47.90	47.90	0.303 times
05 Tue Nov 2024	47.90	47.90	47.90	47.90	0.303 times
04 Mon Nov 2024	47.30	47.30	47.30	47.30	0.909 times
01 Fri Nov 2024	49.75	45.70	49.75	45.70	0.606 times
31 Thu Oct 2024	47.40	49.85	49.85	45.90	1.515 times
25 Fri Oct 2024	47.50	47.60	47.60	47.50	0.606 times
24 Thu Oct 2024	50.00	50.00	50.00	50.00	0.303 times
23 Wed Oct 2024	50.70	48.80	51.00	48.80	1.515 times
22 Tue Oct 2024	51.30	51.30	51.30	51.30	1.515 times
21 Mon Oct 2024	54.00	56.90	56.90	52.05	2.121 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 43.6 as stoploss in an intra day buy trade for a target of 53.59. However, stock will show a bearish move below 43.6.

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Downside Target	32.25
Downside Target	34.00
Downside Target	35.35
Downside Target	42.70
Downside Target	45.70
Downside Target	47.30
Upside 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	47.5
Downside Intraday Target	47.1
Upside Intraday Target	48.1
Upside Intraday Target	48.3
Downside Intraday Target	47.7

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	47.90	47.30	47.90	47.30	0.714 times
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

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
07 Thu Nov 2024	47.90	45.70	49.75	45.70	0.117 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 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 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 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 SELL signal for Mega Flex in short term

RSI is generating a BUY signal in short term but buying 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 50.23 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.