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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 1702

Date Daily Closing Price Open High Low Volume
14 Mon Jun 2021 16.60 15.90 17.70 15.51 0.426 times
11 Fri Jun 2021 17.17 18.75 18.75 15.65 1.233 times
10 Thu Jun 2021 17.34 17.98 17.98 14.96 0.774 times
09 Wed Jun 2021 16.55 16.50 17.33 14.60 2.314 times
08 Tue Jun 2021 15.76 15.95 17.05 14.31 2.801 times
07 Mon Jun 2021 15.60 14.00 15.67 14.00 2.247 times
04 Fri Jun 2021 14.25 14.99 14.99 14.25 0.119 times
02 Wed Jun 2021 15.00 15.00 15.00 14.25 0.419 times
01 Tue Jun 2021 15.00 14.25 15.00 14.25 0.015 times
31 Mon May 2021 15.00 15.00 15.00 15.00 0.006 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.2, but if it comes below 16.2, then a intra day sell could be more profitable.
If you take a sell trade below 16.2, then use 16.2 as stoploss and 15.26 as target. However if you take a buy trade in stock , then use 16.2 as stoploss and 17.3 as target.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type Value
Downside Target 13.25
Downside Target 13.78
Downside Target 15.00
Downside Target 15.30
Downside Target 16.00
Upside Target 16.95
Upside Target 17.00
Upside Target 17.70
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 15.51
Downside Intraday Target 14.41
Upside Intraday Target 17.7
Upside Intraday Target 18.79
Upside Intraday Target 16.6

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date Weekly Closing Price Open High Low Volume
14 Mon Jun 2021 16.60 15.90 17.70 15.51 0.045 times
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

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
14 Mon Jun 2021 16.60 14.25 18.75 14.00 0.461 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 21, 9, 38 Buy
MACD 1, 0Buy
Stochastics 69None
CCI 76Sell
RSI 50Buy
OBV 21714Sell
VWAP 16Buy
ADL 0Sell
ROC 11Buy
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 losing 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 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 tired and bears are picking up momentum.

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 but SELL signal is weak.

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 16.17 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Ahmed Steel charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

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