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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 2024-07-17 View latest technical analysis

10 day averaged volume of Omega Flex is 34630

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	53.28	52.45	54.73	52.45	0.699 times
16 Tue Jul 2024	53.32	52.20	53.74	52.20	0.707 times
15 Mon Jul 2024	52.18	52.50	52.88	52.18	0.618 times
12 Fri Jul 2024	52.16	51.87	52.58	51.45	0.684 times
11 Thu Jul 2024	51.65	48.64	51.74	48.64	0.849 times
10 Wed Jul 2024	48.40	48.54	49.13	47.79	0.653 times
09 Tue Jul 2024	48.84	50.72	50.72	48.80	0.759 times
08 Mon Jul 2024	51.02	51.43	51.89	50.92	1.493 times
05 Fri Jul 2024	51.43	50.43	51.76	50.06	2.4 times
03 Wed Jul 2024	50.71	50.54	51.65	50.51	0.918 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.9, but if it comes below 52.9, then a intra day sell could be more profitable.
If you take a sell trade below 52.9, then use 52.9 as stoploss and 51.45 as target. However if you take a buy trade in stock , then use 52.9 as stoploss and 54.7 as target.

Share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Target	47.79
Downside Target	49.93
Downside Target	51.65
Upside Target	54.09
Upside Target	54.73
Upside Target	58.02
Upside Target	61.88
Upside Target	66.07
Upside Target	67.78
Upside Target	68.50
Upside Target	74.59
Upside Target	75.15

Intraday share price targets for Omega Flex (OFLX)

Target Type	Value
Downside Intraday Target	52.06
Downside Intraday Target	50.85
Upside Intraday Target	54.61
Upside Intraday Target	55.95
Upside Intraday Target	53.4

Weekly technical analysis of Omega Flex (OFLX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	53.28	52.50	54.73	52.18	0.456 times
12 Fri Jul 2024	52.16	51.43	52.58	47.79	1.338 times
05 Fri Jul 2024	51.43	50.54	51.76	50.06	0.674 times
03 Wed Jul 2024	50.71	51.62	51.65	50.34	0.386 times
28 Fri Jun 2024	51.28	53.52	54.09	49.93	0.888 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
17 Wed Jul 2024	53.28	51.62	54.73	47.79	0.382 times
28 Fri Jun 2024	51.28	60.07	61.88	49.93	4.569 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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 51.28 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 negative.

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