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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 2024-09-23 View latest technical analysis

10 day averaged volume of Omega Flex is 29260

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	50.53	50.72	51.08	50.45	0.352 times
20 Fri Sep 2024	50.72	52.00	52.00	50.72	1.391 times
19 Thu Sep 2024	52.14	51.97	52.50	51.22	0.513 times
18 Wed Sep 2024	50.91	51.50	52.75	50.87	1.032 times
17 Tue Sep 2024	51.28	51.73	52.41	50.72	1.032 times
16 Mon Sep 2024	50.95	50.70	51.41	50.38	1.128 times
13 Fri Sep 2024	50.23	50.01	51.58	50.01	0.615 times
12 Thu Sep 2024	49.29	48.30	49.47	48.13	0.711 times
11 Wed Sep 2024	48.65	47.00	48.66	46.66	1.364 times
10 Tue Sep 2024	47.76	46.75	48.17	45.85	1.442 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.5, but if it comes below 50.5, then a intra day sell could be more profitable.
If you take a sell trade below 50.5, then use 50.5 as stoploss and 48.34 as target. However if you take a buy trade in stock , then use 50.5 as stoploss and 53.1 as target.

Share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Target	43.86
Downside Target	46.07
Downside Target	47.20
Downside Target	49.93
Upside Target	51.58
Upside Target	52.75
Upside Target	52.90
Upside Target	54.73
Upside Target	58.02
Upside Target	61.88
Upside Target	68.50

Intraday share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Intraday Target	50.29
Downside Intraday Target	50.06
Upside Intraday Target	50.92
Upside Intraday Target	51.32
Upside Intraday Target	50.69

Weekly technical analysis of Omega Flex (OFLX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	50.53	50.72	51.08	50.45	0.069 times
20 Fri Sep 2024	50.72	50.70	52.75	50.38	1.039 times
13 Fri Sep 2024	50.23	44.94	51.58	44.94	0.549 times
06 Fri Sep 2024	46.58	47.76	48.04	44.32	21.954 times
30 Fri Aug 2024	47.20	46.32	47.20	46.07	0.156 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
23 Mon Sep 2024	50.53	47.76	52.75	44.32	1.288 times
30 Fri Aug 2024	47.20	52.90	52.90	43.86	0.619 times
31 Wed Jul 2024	52.58	51.62	54.73	47.79	0.53 times
28 Fri Jun 2024	51.28	60.07	61.88	49.93	4.569 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 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 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 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 Omega Flex ( (OFLX) ) based on a mid to longer 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.

ADX buy sell signal for Omega Flex stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Omega Flex in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Omega Flex in short term but SELL 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

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 50.02 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 rising upwards.

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 is giving positive 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.