(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 2024-05-09 View latest technical analysis
10 day averaged volume of Ahmed Steel is 454
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Thu May 2024 | 43.10 | 43.10 | 43.10 | 43.10 | 0.374 times |
| 08 Wed May 2024 | 42.26 | 42.26 | 42.26 | 42.26 | 0.055 times |
| 07 Tue May 2024 | 41.44 | 41.44 | 41.44 | 41.44 | 0.22 times |
| 06 Mon May 2024 | 40.63 | 40.63 | 40.63 | 40.63 | 6.478 times |
| 03 Fri May 2024 | 39.84 | 41.46 | 41.46 | 39.84 | 0.222 times |
| 02 Thu May 2024 | 40.65 | 40.65 | 40.65 | 40.65 | 0.121 times |
| 26 Fri Apr 2024 | 40.65 | 41.47 | 41.47 | 40.65 | 0.436 times |
| 25 Thu Apr 2024 | 41.47 | 41.47 | 41.47 | 41.47 | 2.366 times |
| 24 Wed Apr 2024 | 42.31 | 42.31 | 42.31 | 42.31 | 0.024 times |
| 23 Tue Apr 2024 | 43.17 | 43.17 | 43.17 | 43.17 | 0.068 times |
My analysis of stock is bullish for shortterm, and stock might move up till 45.2 or till 48. Use a stoploss of 42.8 and if this stock hits its stoploss, then it can fall down till 40.44
Share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Target | 27.60 |
| Downside Target | 33.80 |
| Downside Target | 36.26 |
| Downside Target | 39.84 |
| Downside Target | 42.47 |
| Upside Target | 44.05 |
| Upside Target | 44.30 |
| Upside Target | 44.94 |
| Upside Target | 45.88 |
| Upside Target | 46.81 |
| Upside Target | 53.26 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 41.45 |
| Downside Intraday Target | 39.81 |
| Upside Intraday Target | 43.92 |
| Upside Intraday Target | 44.75 |
| Downside Intraday Target | 42.28 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Thu May 2024 | 43.10 | 40.63 | 43.10 | 40.63 | 20.744 times |
| 03 Fri May 2024 | 39.84 | 40.65 | 41.46 | 39.84 | 0.119 times |
| 26 Fri Apr 2024 | 40.65 | 44.05 | 44.05 | 40.65 | 7.741 times |
| 18 Thu Apr 2024 | 44.94 | 45.88 | 45.88 | 44.94 | 0.07 times |
| 12 Fri Apr 2024 | 46.81 | 42.47 | 46.81 | 42.47 | 2.518 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Thu May 2024 | 43.10 | 40.65 | 43.10 | 39.84 | 0.696 times |
| 26 Fri Apr 2024 | 40.65 | 36.26 | 46.81 | 36.26 | 0.698 times |
| 28 Thu Mar 2024 | 37.00 | 44.30 | 44.30 | 33.80 | 0.138 times |
| 29 Thu Feb 2024 | 42.21 | 40.50 | 53.26 | 40.20 | 1.535 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 neutral. A longer time frame might give a better analysis.
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 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 Ahmed Steel ( (AhmedSteel) ) based on a mid to longer 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.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 40.94 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 has given negative 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 neutral. A longer time frame might give a better analysis.
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 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 Ahmed Steel ( (AhmedSteel) ) based on a mid to longer 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.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 40.94 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 has given negative 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.
Click here for Ahmed Steel charts
Click here for further forecast and predictions for tomorrow