(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)
Showing technical analysis as on 2024-01-08 View latest technical analysis
10 day averaged volume of Ahmed Steel is 569
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 30.45 | 29.58 | 30.45 | 27.60 | 2.933 times |
| 04 Thu Jan 2024 | 29.00 | 28.05 | 29.00 | 28.05 | 0.014 times |
| 03 Wed Jan 2024 | 29.51 | 29.51 | 29.51 | 29.51 | 0.183 times |
| 02 Tue Jan 2024 | 31.01 | 34.00 | 34.00 | 31.01 | 0.081 times |
| 01 Mon Jan 2024 | 32.55 | 32.55 | 32.55 | 32.00 | 2.109 times |
| 29 Fri Dec 2023 | 31.00 | 31.00 | 31.00 | 29.60 | 0.359 times |
| 28 Thu Dec 2023 | 31.00 | 28.94 | 31.00 | 28.94 | 0.873 times |
| 27 Wed Dec 2023 | 30.46 | 30.46 | 30.46 | 30.00 | 1.965 times |
| 26 Tue Dec 2023 | 29.01 | 28.49 | 31.45 | 28.49 | 0.132 times |
| 22 Fri Dec 2023 | 29.98 | 29.90 | 29.98 | 28.26 | 1.828 times |
Stock of Ahmed Steel (AhmedSteel) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.8 as stoploss in an intra day sell trade for a target of 29.26. However, stock will show a bullish move above 30.8.
Share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Target | 22.25 |
| Downside Target | 24.20 |
| Downside Target | 25.97 |
| Downside Target | 27.60 |
| Downside Target | 29.98 |
| Downside Target | 30.45 |
| Upside Target | 30.88 |
| Upside Target | 31.40 |
| Upside Target | 31.45 |
| Upside Target | 34.00 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 28.55 |
| Downside Intraday Target | 26.65 |
| Upside Intraday Target | 31.4 |
| Upside Intraday Target | 32.35 |
| Downside Intraday Target | 29.5 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 30.45 | 29.58 | 30.45 | 27.60 | 1.229 times |
| 04 Thu Jan 2024 | 29.00 | 32.55 | 34.00 | 28.05 | 0.717 times |
| 29 Fri Dec 2023 | 31.00 | 28.49 | 31.45 | 28.49 | 0.343 times |
| 22 Fri Dec 2023 | 29.98 | 28.01 | 31.40 | 28.01 | 0.808 times |
| 15 Fri Dec 2023 | 28.01 | 27.00 | 29.98 | 26.20 | 0.667 times |
Price has moved up 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 |
| 08 Mon Jan 2024 | 30.45 | 32.55 | 34.00 | 27.60 | 0.122 times |
| 29 Fri Dec 2023 | 31.00 | 24.50 | 31.45 | 24.50 | 1.687 times |
| 30 Thu Nov 2023 | 24.00 | 25.15 | 25.97 | 22.50 | 2.256 times |
| 30 Mon Oct 2023 | 24.00 | 25.37 | 26.39 | 22.25 | 0.058 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)
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 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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Ahmed Steel in short term but the sell signal is initial and weak.
Ahmed Steel 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Ahmed Steel in short term but BUY signal is weak.
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 30.83 and Ahmed Steel (AhmedSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Ahmed Steel in short term but the sell signal is initial and weak.
Ahmed Steel 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Ahmed Steel in short term but BUY signal is weak.
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 30.83 and Ahmed Steel (AhmedSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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