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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 264

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	41.47	41.47	41.47	41.47	4.068 times
24 Wed Apr 2024	42.31	42.31	42.31	42.31	0.042 times
23 Tue Apr 2024	43.17	43.17	43.17	43.17	0.117 times
22 Mon Apr 2024	44.05	44.05	44.05	44.05	0.008 times
18 Thu Apr 2024	44.94	44.94	44.94	44.94	0.038 times
16 Tue Apr 2024	45.85	45.88	45.88	45.85	0.227 times
15 Mon Apr 2024	45.88	45.88	45.88	45.88	0.379 times
12 Fri Apr 2024	46.81	46.81	46.81	46.81	0.182 times
10 Wed Apr 2024	46.81	44.59	46.81	44.59	4.155 times
09 Tue Apr 2024	44.59	44.50	44.59	44.50	1.197 times

Stock of Ahmed Steel (AhmedSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 45.2 or till 50. Use a stoploss of 41.1 and if this stock hits its stoploss, then it can fall down till 37.04

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	41.47
Upside Target	42.47
Upside Target	44.05
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	40.61
Downside Intraday Target	39.75
Upside Intraday Target	43.19
Upside Intraday Target	44.91
Upside Intraday Target	42.33

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	41.47	44.05	44.05	41.47	6.576 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
25 Thu Apr 2024	41.47	36.26	46.81	36.26	0.67 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 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 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 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

Stock of Ahmed Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.35 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.