(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 159
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 39.84 | 41.46 | 41.46 | 39.84 | 0.635 times |
| 02 Thu May 2024 | 40.65 | 40.65 | 40.65 | 40.65 | 0.346 times |
| 26 Fri Apr 2024 | 40.65 | 41.47 | 41.47 | 40.65 | 1.245 times |
| 25 Thu Apr 2024 | 41.47 | 41.47 | 41.47 | 41.47 | 6.755 times |
| 24 Wed Apr 2024 | 42.31 | 42.31 | 42.31 | 42.31 | 0.069 times |
| 23 Tue Apr 2024 | 43.17 | 43.17 | 43.17 | 43.17 | 0.195 times |
| 22 Mon Apr 2024 | 44.05 | 44.05 | 44.05 | 44.05 | 0.013 times |
| 18 Thu Apr 2024 | 44.94 | 44.94 | 44.94 | 44.94 | 0.063 times |
| 16 Tue Apr 2024 | 45.85 | 45.88 | 45.88 | 45.85 | 0.377 times |
| 15 Mon Apr 2024 | 45.88 | 45.88 | 45.88 | 45.88 | 0.629 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 38.6 as stoploss in an intra day buy trade for a target of 41.87. However, stock will show a bearish move below 38.6.
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 |
| Upside Target | 42.47 |
| Upside Target | 44.05 |
| Upside Target | 44.30 |
| Upside Target | 44.94 |
| 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 | 39.3 |
| Downside Intraday Target | 38.76 |
| Upside Intraday Target | 40.92 |
| Upside Intraday Target | 42 |
| Upside Intraday Target | 40.38 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 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 |
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 |
| 03 Fri May 2024 | 39.84 | 40.65 | 41.46 | 39.84 | 0.032 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 |
Scroll below to view daily charts
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)
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 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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
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 41.73 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.
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 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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
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 41.73 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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