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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 5201

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 316.60 336.20 336.20 313.15 0.218 times
18 Mon Nov 2024 329.60 336.30 336.30 306.00 2.074 times
14 Thu Nov 2024 320.30 319.25 336.00 306.35 0.257 times
13 Wed Nov 2024 322.45 302.35 332.10 302.35 1.587 times
12 Tue Nov 2024 318.25 334.95 341.85 318.25 1.184 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 321.4, but if it comes above 321.4, then a intra day buy could be more profitable.
If you take a sell trade below 321.4, then use 321.4 as stoploss and 291.7 as target. However if you take a buy trade in stock , then use 321.4 as stoploss and 346.2 as target.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 105.30
Downside Target 159.00
Downside Target 196.00
Downside Target 226.45
Downside Target 285.15
Downside Target 290.85
Downside Target 302.35
Downside Target 313.30
Upside Target 336.30
Upside Target 346.45
Upside Target 368.05
Upside Target 375.00
Upside Target 391.00

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 302.97
Downside Intraday Target 289.33
Upside Intraday Target 333.27
Upside Intraday Target 349.93
Upside Intraday Target 319.63

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 316.60 336.30 336.30 306.00 0.438 times
14 Thu Nov 2024 320.30 342.30 342.30 302.35 2.012 times
08 Fri Nov 2024 326.00 339.55 339.55 313.30 10.555 times
31 Thu Oct 2024 346.45 368.05 368.05 346.45 0.115 times
25 Fri Oct 2024 375.55 375.85 391.00 375.00 2.17 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 Ahmed Steel (AhmedSteel)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 316.60 339.55 342.30 302.35 1.091 times
31 Thu Oct 2024 346.45 290.85 391.00 290.85 0.359 times
30 Mon Sep 2024 285.15 206.70 285.15 196.00 0.858 times
30 Fri Aug 2024 210.90 162.15 226.45 162.15 8.443 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 Ahmed Steel (AhmedSteel)

Indicator Name Indicator Value Indicator Signal
ADX 16, 20, 11 Sell
MACD 13, 21Sell
Stochastics 48None
CCI -42Sell
RSI 50Buy
OBV 36081Sell
VWAP 327Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying 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 Ahmed Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 326.86 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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