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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 963

Date Daily Closing Price Open High Low Volume
26 Tue Oct 2021 15.80 17.10 17.10 15.75 0.105 times
25 Mon Oct 2021 16.40 17.00 17.00 15.60 0.027 times
22 Fri Oct 2021 16.20 16.90 16.90 15.35 1.893 times
21 Thu Oct 2021 16.10 17.00 17.00 15.65 0.534 times
20 Wed Oct 2021 16.25 16.50 16.50 16.20 0.166 times
19 Tue Oct 2021 17.00 17.85 17.85 16.65 1.18 times
18 Mon Oct 2021 17.40 17.00 17.85 16.30 3.201 times
14 Thu Oct 2021 17.00 17.00 17.50 16.55 1.106 times
13 Wed Oct 2021 17.25 17.65 17.65 17.25 0.226 times
12 Tue Oct 2021 17.70 16.90 17.70 16.90 0.02 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 15.5, for a target of 16.3 or 16.94

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 14.00
Downside Target 14.75
Downside Target 15.35
Upside Target 16.00
Upside Target 17.10
Upside Target 17.75
Upside Target 17.85
Upside Target 17.95
Upside Target 18.20
Upside Target 18.45
Upside Target 18.75
Upside Target 22.55

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 15.23
Downside Intraday Target 14.67
Upside Intraday Target 16.73
Upside Intraday Target 17.67
Upside Intraday Target 16.17

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
26 Tue Oct 2021 15.80 17.00 17.10 15.60 0.019 times
22 Fri Oct 2021 16.20 17.00 17.85 15.35 2.323 times
14 Thu Oct 2021 17.00 17.75 17.95 16.55 0.385 times
08 Fri Oct 2021 17.75 17.20 17.85 15.60 1.283 times
01 Fri Oct 2021 16.70 17.30 18.20 16.35 2.891 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
26 Tue Oct 2021 15.80 16.35 17.95 15.35 1.295 times
30 Thu Sep 2021 17.10 17.20 18.45 16.30 0.277 times
31 Tue Aug 2021 18.05 16.00 22.55 16.00 1.037 times
30 Fri Jul 2021 16.25 15.10 17.75 14.75 1.429 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)

Indicator Name Indicator Value Indicator Signal
ADX 8, 16, 31 Sell
MACD -1, -0Sell
Stochastics 30None
CCI -72Sell
RSI 46Sell
OBV -2789Sell
VWAP 17Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 16.89 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.

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Daily charts

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Daily chart

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