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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 333

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	44.94	44.94	44.94	44.94	0.03 times
16 Tue Apr 2024	45.85	45.88	45.88	45.85	0.18 times
15 Mon Apr 2024	45.88	45.88	45.88	45.88	0.3 times
12 Fri Apr 2024	46.81	46.81	46.81	46.81	0.144 times
10 Wed Apr 2024	46.81	44.59	46.81	44.59	3.294 times
09 Tue Apr 2024	44.59	44.50	44.59	44.50	0.949 times
08 Mon Apr 2024	42.47	42.47	42.47	42.47	2.901 times
05 Fri Apr 2024	40.45	40.45	40.45	40.45	0.471 times
04 Thu Apr 2024	38.53	36.70	38.53	36.70	0.381 times
03 Wed Apr 2024	36.70	36.65	36.70	36.65	0.051 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.1, but if it comes below 44.1, then a intra day sell could be more profitable.
If you take a sell trade below 44.1, then use 44.1 as stoploss and 39.41 as target. However if you take a buy trade in stock , then use 44.1 as stoploss and 49.8 as target.

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
Downside Target	42.47
Downside Target	44.30
Downside 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	44.63
Downside Intraday Target	44.31
Upside Intraday Target	45.57
Upside Intraday Target	46.19
Upside Intraday Target	45.25

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	35.49	36.31	36.31	33.80	0.081 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
18 Thu Apr 2024	44.94	36.26	46.81	36.26	0.51 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 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 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 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 BUY. Signal strength is Strong and stock is losing 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 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 but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 44.3 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.