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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)

Showing technical analysis as on 2024-01-15 View latest technical analysis

10 day averaged volume of Ahmed Steel is 1534

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	31.62	32.56	33.89	30.98	1.387 times
12 Fri Jan 2024	32.61	33.21	34.18	32.56	1.767 times
11 Thu Jan 2024	32.56	35.17	35.17	31.83	3.317 times
10 Wed Jan 2024	33.50	32.01	33.56	32.00	1.018 times
09 Tue Jan 2024	31.97	31.00	31.97	31.00	1.794 times
08 Mon Jan 2024	30.45	29.58	30.45	27.60	1.088 times
04 Thu Jan 2024	29.00	28.05	29.00	28.05	0.005 times
03 Wed Jan 2024	29.51	29.51	29.51	29.51	0.068 times
02 Tue Jan 2024	31.01	34.00	34.00	31.01	0.03 times
01 Mon Jan 2024	32.55	32.55	32.55	32.00	0.782 times

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 32.1 as stoploss in an intra day sell trade for a target of 30.56. However, stock will show a bullish move above 32.1.

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	30.88
Downside Target	31.40
Downside Target	31.45
Upside Target	33.89
Upside Target	34.00
Upside Target	35.17

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	30.44
Downside Intraday Target	29.25
Upside Intraday Target	33.35
Upside Intraday Target	35.07
Upside Intraday Target	32.16

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	31.62	32.56	33.89	30.98	0.154 times
12 Fri Jan 2024	32.61	29.58	35.17	27.60	10.149 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

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
15 Mon Jan 2024	31.62	32.55	35.17	27.60	0.698 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 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)

Price action analysis of Ahmed Steel ( (AhmedSteel) ) 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 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 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 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.

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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 32.21 and Ahmed Steel (AhmedSteel) 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 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.