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(OFLX) Omega Flex complete technical analysis [charts+indicators] | Buy/Sell Omega Flex | (OFLX) share price targets

Complete technical analysis of Omega Flex (OFLX) by charts plus indicators, forecast predictions and share price targets for Omega Flex (OFLX)

Omega Flex trades in USA in Capital Goods sector.

10 day averaged volume of Omega Flex is 7888

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 66.09 67.24 67.42 65.98 1.215 times
16 Thu May 2024 67.14 66.50 67.14 66.50 0.971 times
15 Wed May 2024 66.96 67.31 67.31 66.76 0.918 times
14 Tue May 2024 67.12 66.57 67.17 66.57 1.027 times
13 Mon May 2024 66.13 66.93 66.93 65.89 0.9 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 66.1, for a target of 66.6 or 66.97

Share price targets for Omega Flex (OFLX)

Target Type Value
Downside Target 64.68
Upside Target 68.00
Upside Target 68.07
Upside Target 68.50
Upside Target 69.70
Upside Target 74.59
Upside Target 75.15
Upside Target 75.28
Upside Target 76.50

Intraday share price targets for Omega Flex (OFLX)

Target Type Value
Downside Intraday Target 65.51
Downside Intraday Target 64.94
Upside Intraday Target 67.04
Upside Intraday Target 68
Upside Intraday Target 66.47

Weekly technical analysis of Omega Flex (OFLX)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 66.09 66.93 67.42 65.89 1.012 times
10 Fri May 2024 67.00 66.67 67.97 66.24 0.797 times
03 Fri May 2024 66.99 67.30 68.50 64.68 1.394 times
26 Fri Apr 2024 66.85 67.82 68.00 66.23 0.717 times
19 Fri Apr 2024 67.00 68.20 69.70 66.07 1.402 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 Omega Flex (OFLX)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 66.09 66.31 68.50 64.68 0.595 times
30 Tue Apr 2024 66.26 70.45 75.15 66.07 1.242 times
28 Thu Mar 2024 70.93 69.51 74.59 67.78 1.165 times
29 Thu Feb 2024 69.65 70.17 75.28 67.85 0.467 times

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 Omega Flex (OFLX)

Indicator Name Indicator Value Indicator Signal
ADX 15, 25, 23 Sell
MACD -1, -1Buy
Stochastics 39None
CCI -135Sell
RSI 48Sell
OBV 16734Sell
VWAP 67Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Omega Flex ( (OFLX) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Omega Flex ( (OFLX) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Omega Flex ( (OFLX) ) based on a short to mid term time period is

Price action analysis of Omega Flex ( (OFLX) ) 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 Omega Flex stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Omega Flex in short term but the buy signal is initial and weak.

Omega 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Omega Flex in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Omega 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 66.82 and Omega Flex (OFLX) 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 Omega Flex (OFLX) stock. Volume based technical analysis of Omega Flex (OFLX) stock is negative.

Omega Flex Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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

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