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

(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 275

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	40.65	41.47	41.47	40.65	0.72 times
25 Thu Apr 2024	41.47	41.47	41.47	41.47	3.905 times
24 Wed Apr 2024	42.31	42.31	42.31	42.31	0.04 times
23 Tue Apr 2024	43.17	43.17	43.17	43.17	0.113 times
22 Mon Apr 2024	44.05	44.05	44.05	44.05	0.007 times
18 Thu Apr 2024	44.94	44.94	44.94	44.94	0.036 times
16 Tue Apr 2024	45.85	45.88	45.88	45.85	0.218 times
15 Mon Apr 2024	45.88	45.88	45.88	45.88	0.364 times
12 Fri Apr 2024	46.81	46.81	46.81	46.81	0.175 times
10 Wed Apr 2024	46.81	44.59	46.81	44.59	3.989 times

My analysis of stock is bearish for shortterm, and stock might move down till 37.7 or till 33.3. Use a stoploss of 41.44 and if the stock hits stoploss, then it can shoot up till 45.15

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	24.50
Downside Target	27.60
Downside Target	31.45
Downside Target	33.80
Downside Target	34.56
Downside Target	36.26
Downside Target	38.18
Downside Target	40.20
Upside Target	42.47
Upside Target	44.05
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	39.52
Downside Intraday Target	38.38
Upside Intraday Target	42.92
Upside Intraday Target	45.18
Upside Intraday Target	41.78

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
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
28 Thu Mar 2024	37.00	35.49	38.18	34.56	13.13 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 Ahmed Steel (AhmedSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
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
31 Wed Jan 2024	40.50	32.55	40.50	27.60	1.33 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 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 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 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 Ahmed Steel stock for short term is SELL. Signal strength is Weak and stock is gaining 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 getting stronger in this stock.

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 44.04 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.