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(ElForge) El Forge complete technical analysis [charts+indicators] | Buy/Sell El Forge | (ElForge) share price targets

Complete technical analysis of El Forge (ElForge) by charts plus indicators, forecast predictions and share price targets for El Forge (ElForge)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of El Forge is 12985

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	11.63	12.79	12.79	11.59	0.615 times
01 Fri Mar 2024	12.20	13.35	13.38	12.12	0.446 times
29 Thu Feb 2024	12.75	12.60	12.75	11.60	0.784 times
28 Wed Feb 2024	12.15	12.61	12.61	12.00	1.746 times
27 Tue Feb 2024	12.01	12.00	12.60	12.00	2.106 times
26 Mon Feb 2024	12.00	12.00	12.01	11.35	0.788 times
23 Fri Feb 2024	11.91	11.00	12.04	10.90	2.217 times
22 Thu Feb 2024	11.47	12.60	12.60	11.40	0.333 times
21 Wed Feb 2024	12.00	12.90	12.90	11.70	0.626 times
20 Tue Feb 2024	12.30	12.50	12.51	11.80	0.729 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.7, but if it comes above 11.7, then a intra day buy could be more profitable.
If you take a sell trade below 11.7, then use 11.7 as stoploss and 11.3 as target. However if you take a buy trade in stock , then use 11.7 as stoploss and 12.12 as target.

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	9.15
Downside Target	10.20
Downside Target	10.90
Downside Target	11.35
Upside Target	11.85
Upside Target	12.90
Upside Target	13.16
Upside Target	13.38
Upside Target	13.63
Upside Target	14.49
Upside Target	14.71

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	10.86
Downside Intraday Target	10.09
Upside Intraday Target	12.89
Upside Intraday Target	14.15
Upside Intraday Target	12.12

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	11.63	12.00	13.38	11.35	1.571 times
23 Fri Feb 2024	11.91	11.65	12.90	10.90	0.929 times
16 Fri Feb 2024	11.65	12.91	12.91	11.50	0.268 times
09 Fri Feb 2024	12.30	12.68	13.63	12.00	2.496 times
02 Fri Feb 2024	12.68	12.54	13.16	11.85	0.547 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of El Forge (ElForge)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	11.63	13.35	13.38	11.59	0.032 times
29 Thu Feb 2024	12.75	12.50	13.63	10.90	0.652 times
31 Wed Jan 2024	12.69	10.45	14.71	10.20	3.118 times
29 Fri Dec 2023	10.45	11.65	11.85	9.15	0.331 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 El Forge (ElForge)

Price action analysis of El Forge ( (ElForge) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of El Forge ( (ElForge) ) 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 El Forge ( (ElForge) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of El Forge ( (ElForge) ) 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 El Forge stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for El Forge in short term and the sell signal is strong.

El Forge 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for El Forge 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

Stock of El Forge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.06 and El Forge (ElForge) 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 El Forge (ElForge) stock. Volume based technical analysis of El Forge (ElForge) stock is negative.

El Forge 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.