(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 634
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 46.63 | 46.63 | 46.63 | 46.63 | 1.822 times |
| 14 Tue May 2024 | 45.72 | 45.72 | 45.72 | 45.72 | 1 times |
| 13 Mon May 2024 | 44.83 | 44.83 | 44.83 | 44.83 | 1.192 times |
| 10 Fri May 2024 | 43.96 | 43.96 | 43.96 | 43.96 | 0.636 times |
| 09 Thu May 2024 | 43.10 | 43.10 | 43.10 | 43.10 | 0.268 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45.8, but if it comes below 45.8, then a intra day sell could be more profitable.
If you take a sell trade below 45.8, then use 45.8 as stoploss and 43.55 as target. However if you take a buy trade in stock , then use 45.8 as stoploss and 48.5 as target.
Share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Target | 27.60 |
| Downside Target | 33.80 |
| Downside Target | 36.26 |
| Downside Target | 39.84 |
| Downside Target | 43.96 |
| Downside Target | 44.83 |
| Downside Target | 44.94 |
| Downside Target | 45.88 |
| Downside Target | 46.63 |
| Upside Target | 46.81 |
| Upside Target | 53.26 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 45.43 |
| Downside Intraday Target | 44.23 |
| Upside Intraday Target | 47.23 |
| Upside Intraday Target | 47.83 |
| Downside Intraday Target | 46.03 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 46.63 | 44.83 | 46.63 | 44.83 | 0.699 times |
| 10 Fri May 2024 | 43.96 | 40.63 | 43.96 | 40.63 | 23.327 times |
| 03 Fri May 2024 | 39.84 | 40.65 | 41.46 | 39.84 | 0.119 times |
| 26 Fri Apr 2024 | 40.65 | 44.05 | 44.05 | 40.65 | 7.741 times |
| 18 Thu Apr 2024 | 44.94 | 45.88 | 45.88 | 44.94 | 0.07 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 Ahmed Steel (AhmedSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 46.63 | 40.65 | 46.63 | 39.84 | 1.3 times |
| 26 Fri Apr 2024 | 40.65 | 36.26 | 46.81 | 36.26 | 0.698 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 |
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 | 66, 20, 53 | Buy |
| MACD | 2, 2 | Buy |
| Stochastics | 100 | Buy |
| CCI | 130 | Buy |
| RSI | 53 | Buy |
| OBV | 6010 | Sell |
| VWAP | 43 | Buy |
| ADL | 0 | Sell |
| ROC | 15 | Buy |
| Force Index | 0 | Sell |
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
Price action analysis of Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Ahmed Steel 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.
Ahmed Steel 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 moving up
CCI has generated a buy signal for Ahmed Steel in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 43.02 and Ahmed Steel (AhmedSteel) 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 Ahmed Steel (AhmedSteel) stock. Volume based technical analysis of Ahmed Steel (AhmedSteel) stock is negative.
Ahmed Steel 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.
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