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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.

Showing technical analysis as on 2024-06-03 View latest technical analysis

10 day averaged volume of Omega Flex is 19961

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	61.62	60.07	61.68	58.57	2.45 times
31 Fri May 2024	59.21	58.86	59.85	58.81	2.615 times
30 Thu May 2024	59.78	58.36	61.10	58.02	2.199 times
29 Wed May 2024	58.36	58.24	59.02	58.17	0.812 times
28 Tue May 2024	58.76	65.00	65.00	58.54	1.538 times
23 Thu May 2024	64.90	66.61	66.61	64.90	0.366 times
22 Wed May 2024	66.72	67.13	67.13	66.53	0.371 times
21 Tue May 2024	66.99	67.08	67.08	66.50	0.466 times
20 Mon May 2024	67.17	65.98	67.56	65.75	0.77 times
17 Fri May 2024	66.09	67.24	67.42	65.98	0.48 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 61.7, but if it comes above 61.7, then a intra day buy could be more profitable.
If you take a sell trade below 61.7, then use 61.7 as stoploss and 57.9 as target. However if you take a buy trade in stock , then use 61.7 as stoploss and 64.94 as target.

Share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Target	58.02
Upside Target	61.68
Upside Target	64.90
Upside Target	67.56
Upside Target	67.78
Upside Target	67.85
Upside Target	67.97
Upside Target	68.50
Upside Target	74.59
Upside Target	75.15
Upside Target	75.28

Intraday share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Intraday Target	59.57
Downside Intraday Target	57.51
Upside Intraday Target	62.68
Upside Intraday Target	63.73
Downside Intraday Target	60.62

Weekly technical analysis of Omega Flex (OFLX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	61.62	60.07	61.68	58.57	0.342 times
31 Fri May 2024	59.21	65.00	65.00	58.02	3.632 times
23 Thu May 2024	64.90	65.98	67.56	64.90	0.992 times
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

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 Omega Flex (OFLX)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	61.62	60.07	61.68	58.57	0.167 times
31 Fri May 2024	59.21	66.31	68.50	58.02	1.585 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

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 Omega Flex (OFLX)

Price action analysis of Omega Flex ( (OFLX) ) 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 Omega Flex ( (OFLX) ) 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 Omega Flex ( (OFLX) ) 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 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 losing momentum.

MACD generated a SELL signal for Omega Flex in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Omega 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 Omega Flex in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Omega 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 61.17 and Omega Flex (OFLX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.