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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 1623

Date Daily Closing Price Open High Low Volume
11 Fri Jun 2021 17.17 18.75 18.75 15.65 1.293 times
10 Thu Jun 2021 17.34 17.98 17.98 14.96 0.812 times
09 Wed Jun 2021 16.55 16.50 17.33 14.60 2.427 times
08 Tue Jun 2021 15.76 15.95 17.05 14.31 2.938 times
07 Mon Jun 2021 15.60 14.00 15.67 14.00 2.356 times
04 Fri Jun 2021 14.25 14.99 14.99 14.25 0.124 times
02 Wed Jun 2021 15.00 15.00 15.00 14.25 0.439 times
01 Tue Jun 2021 15.00 14.25 15.00 14.25 0.016 times
31 Mon May 2021 15.00 15.00 15.00 15.00 0.006 times
27 Thu May 2021 15.00 15.05 15.05 15.00 0.078 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 17.1, for a target of 16.1 or 15.16

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 13.25
Downside Target 13.78
Downside Target 15.00
Downside Target 15.50
Downside Target 16.00
Downside Target 16.95
Downside Target 17.00
Upside Target 18.02
Upside Target 18.75
Upside Target 18.90

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Intraday Target 14.53
Downside Intraday Target 11.89
Upside Intraday Target 19.28
Upside Intraday Target 21.39
Downside Intraday Target 16.64

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
11 Fri Jun 2021 17.17 14.00 18.75 14.00 16.769 times
04 Fri Jun 2021 14.25 15.00 15.00 14.25 0.384 times
27 Thu May 2021 15.00 15.20 15.50 13.80 0.324 times
21 Fri May 2021 15.20 14.50 15.30 13.50 0.513 times
14 Fri May 2021 14.20 13.60 15.05 13.25 1.129 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
11 Fri Jun 2021 17.17 14.25 18.75 14.00 0.442 times
31 Mon May 2021 15.00 15.35 16.95 13.25 2.707 times
30 Fri Apr 2021 16.15 15.22 18.02 13.78 0.997 times
31 Wed Mar 2021 14.50 16.00 17.00 14.45 1.993 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)

Indicator Name Indicator Value Indicator Signal
ADX 24, 10, 42 Buy
MACD 0, 0Buy
Stochastics 76Buy
CCI 147Buy
RSI 51Buy
OBV 32272Sell
VWAP 16Buy
ADL 0Sell
ROC 14Buy
Force Index 0Sell

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 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 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

ADX buy sell signal for Ahmed Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Ahmed Steel in short term and the buy signal is strong.

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

Ahmed Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 buy signal for Ahmed Steel in short term and BUY 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

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 16.15 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 is giving positive 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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Daily charts

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Daily chart
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