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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)

Showing technical analysis as on 2023-03-29 View latest technical analysis

10 day averaged volume of Ahmed Steel is 149

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	16.95	16.95	16.95	16.95	0.255 times
28 Tue Mar 2023	16.95	16.95	16.95	16.95	1.604 times
27 Mon Mar 2023	17.84	17.84	17.84	17.84	0.007 times
24 Fri Mar 2023	18.77	18.77	18.77	18.77	1.859 times
23 Thu Mar 2023	19.75	18.10	19.75	18.10	0.141 times
22 Wed Mar 2023	19.00	17.55	19.39	17.55	2.094 times
21 Tue Mar 2023	18.47	18.47	18.47	18.47	0.013 times
20 Mon Mar 2023	19.44	19.44	19.44	19.44	0.007 times
17 Fri Mar 2023	19.44	19.59	19.59	17.79	4.027 times
16 Thu Mar 2023	18.72	18.72	18.72	18.72	0.074 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.9, for a target of 17.9 or 18.81

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	16.55
Upside Target	18.44
Upside Target	18.95
Upside Target	19.50
Upside Target	19.75
Upside Target	20.00
Upside Target	21.00
Upside Target	21.10

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	16.65
Downside Intraday Target	16.36
Upside Intraday Target	17.54
Upside Intraday Target	18.14
Upside Intraday Target	17.25

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	16.95	17.84	17.84	16.95	0.454 times
24 Fri Mar 2023	18.77	19.44	19.75	17.55	0.968 times
17 Fri Mar 2023	19.44	19.75	19.75	17.79	1.281 times
10 Fri Mar 2023	18.81	18.44	20.00	18.44	2.111 times
03 Fri Mar 2023	18.91	18.05	18.95	18.01	0.056 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
29 Wed Mar 2023	16.95	18.95	20.00	16.95	0.054 times
28 Tue Feb 2023	18.05	19.30	21.10	17.50	1.937 times
31 Tue Jan 2023	18.40	18.45	21.00	16.55	0.717 times
30 Fri Dec 2022	19.40	18.15	19.50	16.80	3.31 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 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 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Ahmed Steel in short term and the sell signal is strong.

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

RSI is generating a SELL signal in short term but selling 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 18.76 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.