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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)

Showing technical analysis as on 2024-12-17 View latest technical analysis

10 day averaged volume of El Forge is 56409

Date Daily Closing Price Open High Low Volume
17 Tue Dec 2024 40.27 44.42 44.42 40.20 6.656 times
16 Mon Dec 2024 42.31 41.80 42.31 41.20 0.45 times
13 Fri Dec 2024 40.30 40.10 40.30 37.01 1.429 times
12 Thu Dec 2024 38.39 35.01 38.39 35.00 0.874 times
11 Wed Dec 2024 36.57 39.44 39.44 36.57 0.819 times
10 Tue Dec 2024 38.49 38.54 38.54 37.25 2.624 times
09 Mon Dec 2024 36.71 36.00 36.71 35.67 1.73 times
06 Fri Dec 2024 34.97 35.00 35.30 34.01 0.324 times
05 Thu Dec 2024 34.00 34.37 34.99 33.75 0.597 times
04 Wed Dec 2024 34.36 34.89 35.00 33.61 0.892 times

Stock of El Forge (ElForge) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.4, but if it comes below 38.4, then a intra day sell could be more profitable.
If you take a sell trade below 38.4, then use 38.4 as stoploss and 35.54 as target. However if you take a buy trade in stock , then use 38.4 as stoploss and 41.8 as target.

Share price targets for El Forge (ElForge)

Target Type Value
Downside Target 22.10
Downside Target 26.90
Downside Target 31.36
Downside Target 32.20
Downside Target 34.00
Downside Target 34.70
Downside Target 35.00
Downside Target 35.19
Downside Target 35.30
Downside Target 40.20
Upside Target 40.30
Upside Target 44.42

Intraday share price targets for El Forge (ElForge)

Target Type Value
Downside Intraday Target 38.84
Downside Intraday Target 37.41
Upside Intraday Target 43.06
Upside Intraday Target 45.85
Upside Intraday Target 41.63

Weekly technical analysis of El Forge (ElForge)

Date Weekly Closing Price Open High Low Volume
17 Tue Dec 2024 40.27 41.80 44.42 40.20 0.951 times
13 Fri Dec 2024 40.30 36.00 40.30 35.00 2.235 times
06 Fri Dec 2024 34.97 32.61 35.30 32.61 1.579 times
29 Fri Nov 2024 34.03 33.95 34.98 32.20 1.236 times
22 Fri Nov 2024 32.46 33.42 34.70 31.36 0.357 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 El Forge (ElForge)

Date Monthly Closing Price Open High Low Volume
17 Tue Dec 2024 40.27 32.61 44.42 32.61 1.331 times
29 Fri Nov 2024 34.03 27.96 35.19 27.11 1.106 times
31 Thu Oct 2024 26.63 29.29 32.37 22.10 0.716 times
30 Mon Sep 2024 28.72 27.40 34.00 27.40 1.154 times

Scroll below to view daily charts

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 El Forge (ElForge)

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

MACD generated a BUY signal for El Forge 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.

El Forge 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for El Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of El Forge is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.73 and El Forge (ElForge) 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 El Forge (ElForge) stock. Volume based technical analysis of El Forge (ElForge) stock is negative.

El Forge 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.

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

MACD generated a BUY signal for El Forge 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.

El Forge 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for El Forge in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of El Forge is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.73 and El Forge (ElForge) 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 El Forge (ElForge) stock. Volume based technical analysis of El Forge (ElForge) stock is negative.

El Forge 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.

Click here for El Forge charts

Click here for further forecast and predictions for tomorrow

Daily charts

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