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(ElForge) El Forge complete technical analysis [charts+indicators] | Buy/Sell El Forge | (ElForge) share price targets

Complete technical analysis of El Forge (ElForge) by charts plus indicators, forecast predictions and share price targets for El Forge (ElForge)

10 day averaged volume of El Forge is 65768

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 16.67 16.35 17.45 16.35 1.355 times
07 Tue May 2024 17.21 16.91 18.67 16.91 2.934 times
06 Mon May 2024 17.79 17.79 17.79 17.79 0.115 times
03 Fri May 2024 18.72 18.72 18.72 18.72 0.109 times
02 Thu May 2024 19.70 19.70 19.70 19.70 0.283 times

My analysis of stock is bearish for shortterm, and stock might move down till 14.4 or till 11.2. Use a stoploss of 17 and if the stock hits stoploss, then it can shoot up till 19.64

Share price targets for El Forge (ElForge)

Target Type Value
Downside Target 9.24
Downside Target 10.20
Downside Target 10.90
Downside Target 12.58
Downside Target 13.13
Downside Target 13.63
Downside Target 14.45
Downside Target 15.47
Downside Target 16.17
Upside Target 16.96
Upside Target 18.67
Upside Target 19.70
Upside Target 20.60
Upside Target 22.71

Intraday share price targets for El Forge (ElForge)

Target Type Value
Downside Intraday Target 15.79
Downside Intraday Target 14.91
Upside Intraday Target 18.11
Upside Intraday Target 19.55
Upside Intraday Target 17.23

Weekly technical analysis of El Forge (ElForge)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 16.67 17.79 18.67 16.35 1.709 times
03 Fri May 2024 18.72 21.63 22.71 18.72 0.698 times
26 Fri Apr 2024 20.60 16.96 20.60 16.96 1.086 times
19 Fri Apr 2024 16.16 14.20 16.17 13.13 0.684 times
12 Fri Apr 2024 13.62 13.82 14.45 12.58 1.531 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 El Forge (ElForge)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 16.67 19.70 19.70 16.35 0.275 times
30 Tue Apr 2024 20.73 14.25 22.71 12.58 0.948 times
28 Thu Mar 2024 13.85 13.35 15.47 9.24 2.845 times
29 Thu Feb 2024 12.75 12.50 13.63 10.90 0.652 times

Price has moved down 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 El Forge (ElForge)

Indicator Name Indicator Value Indicator Signal
ADX 44, 26, 26 Buy
MACD 2, 3Sell
Stochastics 8Sell
CCI -118Sell
RSI 56Buy
OBV 97923Sell
VWAP 19Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of El Forge ( (ElForge) ) based on a short term time period is

Price action analysis of El Forge ( (ElForge) ) 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 El Forge ( (ElForge) ) 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 El Forge ( (ElForge) ) 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 El Forge stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

El Forge 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 El Forge 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 El Forge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.62 and El Forge (ElForge) 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 El Forge (ElForge) stock. Volume based technical analysis of El Forge (ElForge) stock is negative.

El Forge 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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