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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 2024-03-04 View latest technical analysis

10 day averaged volume of El Forge is 13494

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	11.05	11.63	12.21	11.05	5.357 times
02 Sat Mar 2024	11.63	12.79	12.79	11.59	0.592 times
01 Fri Mar 2024	12.20	13.35	13.38	12.12	0.43 times
29 Thu Feb 2024	12.75	12.60	12.75	11.60	0.755 times
28 Wed Feb 2024	12.15	12.61	12.61	12.00	1.681 times
27 Tue Feb 2024	12.01	12.00	12.60	12.00	2.027 times
26 Mon Feb 2024	12.00	12.00	12.01	11.35	0.758 times
23 Fri Feb 2024	11.91	11.00	12.04	10.90	2.134 times
22 Thu Feb 2024	11.47	12.60	12.60	11.40	0.321 times
21 Wed Feb 2024	12.00	12.90	12.90	11.70	0.602 times

Stock of El Forge (ElForge) has showed a significant fall. This could be a good time to exit from this stock.

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 11.2, for a target of 11.6 or 12.02

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	9.15
Downside Target	10.20
Downside Target	10.90
Upside Target	11.35
Upside Target	11.85
Upside Target	12.90
Upside Target	12.91
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	10.66
Downside Intraday Target	10.28
Upside Intraday Target	11.82
Upside Intraday Target	12.6
Upside Intraday Target	11.44

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	11.05	11.63	12.21	11.05	0.858 times
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

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 El Forge (ElForge)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	11.05	13.35	13.38	11.05	0.202 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 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 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 to mid 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 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 Strong and stock is gaining momentum.

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

El Forge 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 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.68 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.