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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 151

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 37.00 38.18 38.18 34.56 8.927 times
27 Wed Mar 2024 36.37 35.49 36.37 35.49 0.464 times
22 Fri Mar 2024 35.49 33.80 35.49 33.80 0.437 times
20 Wed Mar 2024 33.80 33.80 33.80 33.80 0.04 times
19 Tue Mar 2024 33.80 33.85 33.85 33.80 0.212 times
18 Mon Mar 2024 33.85 36.31 36.31 33.85 0.026 times
15 Fri Mar 2024 35.60 35.60 35.60 35.60 0.026 times
14 Thu Mar 2024 34.00 35.77 35.77 33.99 1.404 times
13 Wed Mar 2024 35.77 35.77 35.80 35.77 6.325 times
12 Tue Mar 2024 37.65 37.65 37.65 37.65 0.073 times

Stock of Ahmed Steel (AhmedSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 34.8 or till 30.5. Use a stoploss of 38.29 and if the stock hits stoploss, then it can shoot up till 41.82

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 22.50
Downside Target 24.50
Downside Target 25.97
Downside Target 27.60
Downside Target 31.45
Downside Target 33.80
Downside Target 36.31
Upside Target 37.65
Upside Target 40.10
Upside Target 40.50
Upside Target 42.20
Upside Target 44.30
Upside Target 50.33
Upside Target 53.26

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 34.98
Downside Intraday Target 32.96
Upside Intraday Target 38.6
Upside Intraday Target 40.2
Downside Intraday Target 36.58

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
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
15 Fri Mar 2024 35.60 37.51 37.65 33.99 0.527 times
07 Thu Mar 2024 39.40 40.10 42.20 37.65 0.159 times
01 Fri Mar 2024 40.21 47.94 50.33 40.10 1.282 times

Price has moved up 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
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
29 Fri Dec 2023 31.00 24.50 31.45 24.50 1.687 times

Scroll below to view daily charts

Price has moved down 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ahmed Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 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 36.23 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 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.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ahmed Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 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 36.23 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 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.

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Daily charts

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