(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 2024-05-31 View latest technical analysis
10 day averaged volume of Ahmed Steel is 1140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 70.96 | 70.96 | 70.96 | 70.96 | 1.219 times |
| 30 Thu May 2024 | 69.57 | 69.57 | 69.57 | 69.57 | 2.934 times |
| 29 Wed May 2024 | 68.21 | 68.21 | 68.21 | 68.21 | 1.032 times |
| 28 Tue May 2024 | 66.88 | 66.88 | 66.88 | 66.88 | 0.575 times |
| 27 Mon May 2024 | 63.70 | 63.70 | 63.70 | 63.70 | 0.684 times |
| 24 Fri May 2024 | 60.67 | 60.67 | 60.67 | 60.67 | 1.196 times |
| 23 Thu May 2024 | 57.79 | 57.79 | 57.79 | 57.79 | 0.546 times |
| 22 Wed May 2024 | 55.04 | 55.04 | 55.04 | 55.04 | 0.718 times |
| 21 Tue May 2024 | 52.42 | 52.42 | 52.42 | 52.42 | 1.526 times |
| 18 Sat May 2024 | 49.93 | 49.93 | 49.93 | 49.93 | 0.176 times |
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 75.5, for a target of 63 or 52.56
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 | 41.46 |
| Downside Target | 43.96 |
| Downside Target | 46.81 |
| Downside Target | 49.93 |
| Downside Target | 52.42 |
| Downside Target | 53.26 |
| Downside Target | 60.67 |
| Downside Target | 63.70 |
| Downside Target | 70.96 |
Intraday share price targets for Ahmed Steel (AhmedSteel)
| Target Type | Value |
| Downside Intraday Target | 66.12 |
| Downside Intraday Target | 61.28 |
| Upside Intraday Target | 73.38 |
| Upside Intraday Target | 75.8 |
| Downside Intraday Target | 68.54 |
Weekly technical analysis of Ahmed Steel (AhmedSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 70.96 | 63.70 | 70.96 | 63.70 | 1.617 times |
| 24 Fri May 2024 | 60.67 | 52.42 | 60.67 | 52.42 | 1.319 times |
| 18 Sat May 2024 | 49.93 | 44.83 | 49.93 | 44.83 | 0.947 times |
| 10 Fri May 2024 | 43.96 | 40.63 | 43.96 | 40.63 | 23.327 times |
| 03 Fri May 2024 | 39.84 | 40.65 | 41.46 | 39.84 | 0.119 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 |
| 31 Fri May 2024 | 70.96 | 40.65 | 70.96 | 39.84 | 3.923 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, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 negative zone. This is the SELL zone
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 63.69 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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 negative zone. This is the SELL zone
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 63.69 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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