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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 2024-12-18 View latest technical analysis

10 day averaged volume of Mega Flex is 15900

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	58.80	59.00	59.00	58.70	3.774 times
17 Tue Dec 2024	58.25	58.25	58.25	58.25	1.132 times
13 Fri Dec 2024	55.60	55.10	55.60	55.10	0.566 times
12 Thu Dec 2024	58.00	59.30	59.30	58.00	0.943 times
11 Wed Dec 2024	58.70	58.70	58.70	58.70	1.132 times
10 Tue Dec 2024	59.40	56.50	59.40	56.50	0.943 times
09 Mon Dec 2024	59.45	59.45	59.45	59.45	1.132 times
06 Fri Dec 2024	56.75	56.75	58.20	56.75	2.075 times
04 Wed Dec 2024	59.70	55.65	59.70	55.65	0.755 times
03 Tue Dec 2024	58.45	58.10	58.45	58.00	0.566 times

Stock of Mega Flex (MEGAFLEX_ST) has showed a significant upmove. This could be a good time to enter in this stock!

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 57.33. 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	34.25
Downside Target	35.35
Downside Target	45.70
Downside Target	49.35
Downside Target	52.70
Downside Target	54.95
Downside Target	58.25
Upside Target	59.95
Upside Target	60.90
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	58.37
Downside Intraday Target	57.93
Upside Intraday Target	59.12
Upside Intraday Target	59.43
Downside Intraday Target	58.68

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	58.80	58.25	59.00	58.25	1.04 times
13 Fri Dec 2024	55.60	59.45	59.45	55.10	1.136 times
06 Fri Dec 2024	56.75	60.90	60.90	55.65	0.815 times
29 Fri Nov 2024	58.50	53.00	59.95	52.70	1.8 times
22 Fri Nov 2024	54.40	49.35	54.95	49.35	1.25 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
18 Wed Dec 2024	58.80	60.90	60.90	55.10	1.159 times
29 Fri Nov 2024	58.50	45.70	59.95	45.70	1.05 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

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 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 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 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.

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 but the sell signal is initial and weak.

Mega Flex Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mega Flex in short term and BUY signal is strong.

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 58.36 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 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.