(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 2024-02-05 View latest technical analysis
10 day averaged volume of Ahmed Steel is 1381
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Feb 2024 | 44.99 | 46.66 | 46.87 | 42.50 | 2.907 times |
| 02 Fri Feb 2024 | 44.64 | 44.64 | 44.64 | 40.50 | 0.884 times |
| 01 Thu Feb 2024 | 42.52 | 40.50 | 42.52 | 40.20 | 0.634 times |
| 31 Wed Jan 2024 | 40.50 | 38.62 | 40.50 | 38.62 | 1.806 times |
| 30 Tue Jan 2024 | 38.58 | 36.75 | 38.58 | 36.75 | 1.175 times |
| 29 Mon Jan 2024 | 36.75 | 35.70 | 36.75 | 33.26 | 0.552 times |
| 25 Thu Jan 2024 | 35.00 | 35.13 | 35.29 | 31.93 | 1.671 times |
| 24 Wed Jan 2024 | 33.61 | 36.00 | 36.00 | 32.66 | 0.217 times |
| 23 Tue Jan 2024 | 34.35 | 37.80 | 37.80 | 34.20 | 2.049 times |
| 22 Mon Jan 2024 | 36.00 | 36.30 | 36.30 | 36.00 | 0.402 times |
Stock of Ahmed Steel (AhmedSteel) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.2, for a target of 39.9 or 35.44
Share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Target | 22.25 |
| Downside Target | 24.50 |
| Downside Target | 25.97 |
| Downside Target | 27.60 |
| Downside Target | 29.02 |
| Downside Target | 31.45 |
| Downside Target | 33.26 |
| Downside Target | 34.58 |
| Downside Target | 37.80 |
| Downside Target | 40.20 |
| Downside Target | 40.50 |
| Downside Target | 42.50 |
| Downside Target | 44.64 |
| Upside Target | 46.87 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 42.7 |
| Downside Intraday Target | 40.42 |
| Upside Intraday Target | 47.07 |
| Upside Intraday Target | 49.16 |
| Downside Intraday Target | 44.79 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Feb 2024 | 44.99 | 46.66 | 46.87 | 42.50 | 0.576 times |
| 02 Fri Feb 2024 | 44.64 | 35.70 | 44.64 | 33.26 | 1.164 times |
| 25 Thu Jan 2024 | 35.00 | 36.30 | 37.80 | 31.93 | 0.871 times |
| 19 Fri Jan 2024 | 34.58 | 32.56 | 34.58 | 29.02 | 0.499 times |
| 12 Fri Jan 2024 | 32.61 | 29.58 | 35.17 | 27.60 | 10.149 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 |
| 05 Mon Feb 2024 | 44.99 | 40.50 | 46.87 | 40.20 | 0.186 times |
| 31 Wed Jan 2024 | 40.50 | 32.55 | 40.50 | 27.60 | 1.33 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 |
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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Ahmed Steel in short term and BUY signal is strong.
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 39.57 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 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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Ahmed Steel in short term and BUY signal is strong.
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 39.57 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 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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