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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 2024-12-31 View latest technical analysis

10 day averaged volume of Mega Flex is 14400

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	52.90	49.00	52.90	49.00	0.417 times
30 Mon Dec 2024	50.75	50.75	50.75	50.75	0.208 times
27 Fri Dec 2024	50.75	50.75	50.75	50.75	0.208 times
24 Tue Dec 2024	53.40	53.00	53.40	53.00	0.625 times
23 Mon Dec 2024	53.20	53.20	53.20	53.20	0.417 times
20 Fri Dec 2024	56.00	56.00	56.00	56.00	0.417 times
19 Thu Dec 2024	57.70	58.60	58.60	56.00	1.042 times
18 Wed Dec 2024	58.80	59.00	59.00	58.70	4.167 times
17 Tue Dec 2024	58.25	58.25	58.25	58.25	1.25 times
13 Fri Dec 2024	55.60	55.10	55.60	55.10	0.625 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53.9, but if it comes above 53.9, then a intra day buy could be more profitable.
If you take a sell trade below 53.9, then use 53.9 as stoploss and 50.3 as target. However if you take a buy trade in stock , then use 53.9 as stoploss and 56.84 as target.

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	49.00
Downside Target	50.75
Downside Target	52.90
Upside Target	55.10
Upside Target	59.00
Upside Target	59.45
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	50.3
Downside Intraday Target	47.7
Upside Intraday Target	54.2
Upside Intraday Target	55.5
Downside Intraday Target	51.6

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	52.90	50.75	52.90	49.00	0.5 times
27 Fri Dec 2024	50.75	53.20	53.40	50.75	0.182 times
20 Fri Dec 2024	56.00	58.25	59.00	56.00	1.32 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

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
31 Tue Dec 2024	52.90	60.90	60.90	49.00	1.413 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 down 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 neutral. A longer time frame might give a better analysis.

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 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 Strong 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 below 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 and the buying is gaining 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 57.04 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.