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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 877

Date Daily Closing Price Open High Low Volume
28 Tue May 2024 66.88 66.88 66.88 66.88 0.747 times
27 Mon May 2024 63.70 63.70 63.70 63.70 0.889 times
24 Fri May 2024 60.67 60.67 60.67 60.67 1.555 times
23 Thu May 2024 57.79 57.79 57.79 57.79 0.71 times
22 Wed May 2024 55.04 55.04 55.04 55.04 0.933 times
21 Tue May 2024 52.42 52.42 52.42 52.42 1.984 times
18 Sat May 2024 49.93 49.93 49.93 49.93 0.229 times
17 Fri May 2024 47.56 47.56 47.56 47.56 0.799 times
16 Thu May 2024 46.63 46.63 46.63 46.63 1.317 times
14 Tue May 2024 45.72 45.72 45.72 45.72 0.723 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 66.2, for a target of 56.4 or 48.26

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 41.46
Downside Target 43.96
Downside Target 46.81
Downside Target 49.93
Downside Target 52.42
Downside Target 53.26
Downside Target 60.67
Downside Target 63.70
Downside Target 66.88

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 64.76
Downside Intraday Target 62.64
Upside Intraday Target 67.94
Upside Intraday Target 69
Downside Intraday Target 65.82

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
28 Tue May 2024 66.88 63.70 66.88 63.70 0.316 times
24 Fri May 2024 60.67 52.42 60.67 52.42 1.319 times
18 Sat May 2024 49.93 44.83 49.93 44.83 0.947 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

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
28 Tue May 2024 66.88 40.65 66.88 39.84 2.711 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 up this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 green color and prices are above the green 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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 54.75 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.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 green color and prices are above the green 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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 54.75 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.

Click here for Ahmed Steel charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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