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(AhmedSteel) Ahmed Steel complete technical analysis [charts+indicators] | Buy/Sell Ahmed Steel | (AhmedSteel) share price targets

Complete technical analysis of Ahmed Steel (AhmedSteel) by charts plus indicators, forecast predictions and share price targets for Ahmed Steel (AhmedSteel)

10 day averaged volume of Ahmed Steel is 275

Date Daily Closing Price Open High Low Volume
25 Thu Apr 2024 41.47 41.47 41.47 41.47 3.905 times
24 Wed Apr 2024 42.31 42.31 42.31 42.31 0.04 times
23 Tue Apr 2024 43.17 43.17 43.17 43.17 0.113 times
22 Mon Apr 2024 44.05 44.05 44.05 44.05 0.007 times
18 Thu Apr 2024 44.94 44.94 44.94 44.94 0.036 times

Stock of Ahmed Steel (AhmedSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 45.2 or till 50. Use a stoploss of 41.1 and if this stock hits its stoploss, then it can fall down till 37.04

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 24.50
Downside Target 27.60
Downside Target 31.45
Downside Target 33.80
Downside Target 34.56
Downside Target 36.26
Downside Target 38.18
Downside Target 40.20
Downside Target 41.47
Upside Target 42.47
Upside Target 44.05
Upside Target 45.88
Upside Target 46.81
Upside Target 53.26

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 40.61
Downside Intraday Target 39.75
Upside Intraday Target 43.19
Upside Intraday Target 44.91
Upside Intraday Target 42.33

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
25 Thu Apr 2024 41.47 44.05 44.05 41.47 6.576 times
18 Thu Apr 2024 44.94 45.88 45.88 44.94 0.07 times
12 Fri Apr 2024 46.81 42.47 46.81 42.47 2.518 times
05 Fri Apr 2024 40.45 36.26 40.45 36.26 0.68 times
28 Thu Mar 2024 37.00 35.49 38.18 34.56 13.13 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ahmed Steel (AhmedSteel)

Date Monthly Closing Price Open High Low Volume
25 Thu Apr 2024 41.47 36.26 46.81 36.26 0.67 times
28 Thu Mar 2024 37.00 44.30 44.30 33.80 0.138 times
29 Thu Feb 2024 42.21 40.50 53.26 40.20 1.535 times
31 Wed Jan 2024 40.50 32.55 40.50 27.60 1.33 times

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 Ahmed Steel (AhmedSteel)

Indicator Name Indicator Value Indicator Signal
ADX 39, 41, 2 Sell
MACD 2, 2Sell
Stochastics 14Sell
CCI -144Sell
RSI 59Buy
OBV 2623Sell
VWAP 44Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is

Price action analysis of Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Ahmed Steel in short term but the sell signal is initial and weak.

Ahmed Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Ahmed Steel in short term and SELL signal is strong!

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 Ahmed Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.35 and Ahmed Steel (AhmedSteel) 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 Ahmed Steel (AhmedSteel) stock. Volume based technical analysis of Ahmed Steel (AhmedSteel) stock is negative.

Ahmed Steel 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.

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