(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 2024-02-28 View latest technical analysis
10 day averaged volume of Ahmed Steel is 1885
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Wed Feb 2024 | 42.91 | 46.23 | 46.25 | 42.30 | 4.75 times |
| 27 Tue Feb 2024 | 44.10 | 47.99 | 48.05 | 44.10 | 1.337 times |
| 26 Mon Feb 2024 | 45.77 | 47.94 | 50.33 | 45.60 | 0.366 times |
| 23 Fri Feb 2024 | 47.94 | 45.00 | 47.94 | 45.00 | 0.451 times |
| 22 Thu Feb 2024 | 45.66 | 48.66 | 48.66 | 45.15 | 3.72 times |
| 21 Wed Feb 2024 | 46.35 | 47.95 | 48.56 | 43.94 | 1.549 times |
| 20 Tue Feb 2024 | 46.25 | 46.25 | 46.25 | 46.24 | 0.354 times |
| 19 Mon Feb 2024 | 44.07 | 43.79 | 46.91 | 42.45 | 0.464 times |
| 16 Fri Feb 2024 | 44.68 | 46.65 | 48.90 | 44.32 | 0.334 times |
| 15 Thu Feb 2024 | 46.65 | 46.60 | 46.65 | 46.60 | 0.376 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 bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44, but if it comes above 44, then a intra day buy could be more profitable.
If you take a sell trade below 44, then use 44 as stoploss and 41.3 as target. However if you take a buy trade in stock , then use 44 as stoploss and 46.26 as target.
Share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Target | 22.25 |
| Downside Target | 24.50 |
| Downside Target | 25.97 |
| Downside Target | 27.60 |
| Downside Target | 31.45 |
| Downside Target | 33.26 |
| Downside Target | 40.20 |
| Downside Target | 42.30 |
| Upside Target | 44.32 |
| Upside Target | 48.66 |
| Upside Target | 50.33 |
| Upside Target | 52.60 |
| Upside Target | 53.26 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 40.03 |
| Downside Intraday Target | 37.15 |
| Upside Intraday Target | 48.06 |
| Upside Intraday Target | 53.21 |
| Upside Intraday Target | 45.18 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Wed Feb 2024 | 42.91 | 47.94 | 50.33 | 42.30 | 0.987 times |
| 23 Fri Feb 2024 | 47.94 | 43.79 | 48.66 | 42.45 | 1.397 times |
| 16 Fri Feb 2024 | 44.68 | 52.60 | 52.60 | 44.32 | 0.675 times |
| 09 Fri Feb 2024 | 51.32 | 46.66 | 53.26 | 42.50 | 1.873 times |
| 02 Fri Feb 2024 | 44.64 | 35.70 | 44.64 | 33.26 | 1.164 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 |
| 28 Wed Feb 2024 | 42.91 | 40.50 | 53.26 | 40.20 | 1.474 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 |
| 30 Thu Nov 2023 | 24.00 | 25.15 | 25.97 | 22.50 | 2.256 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 green color and prices are in or below the green 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 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 44.68 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.
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 green color and prices are in or below the green 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 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 44.68 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.
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