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(ElForge) El Forge complete technical analysis [charts+indicators] | Buy/Sell El Forge | (ElForge) share price targets

Complete technical analysis of El Forge (ElForge) by charts plus indicators, forecast predictions and share price targets for El Forge (ElForge)

Showing technical analysis as on 2024-10-21 View latest technical analysis

10 day averaged volume of El Forge is 38574

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	29.66	32.37	32.37	29.42	0.799 times
18 Fri Oct 2024	30.96	30.80	32.05	29.52	1.323 times
17 Thu Oct 2024	30.89	30.84	30.89	29.44	2.845 times
16 Wed Oct 2024	29.42	28.02	29.42	28.02	1.068 times
15 Tue Oct 2024	28.02	28.98	29.34	28.01	1.438 times
14 Mon Oct 2024	29.48	29.52	29.52	28.90	2.665 times
11 Fri Oct 2024	28.12	28.12	28.12	28.12	0.103 times
10 Thu Oct 2024	27.57	27.57	27.57	27.57	0.058 times
09 Wed Oct 2024	27.03	26.59	27.03	26.59	0.172 times
08 Tue Oct 2024	26.50	26.33	26.52	26.33	0.211 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 29.7 as stoploss in an intra day sell trade for a target of 28.55. However, stock will show a bullish move above 29.7.

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	19.73
Downside Target	22.30
Downside Target	23.71
Downside Target	26.33
Downside Target	26.90
Downside Target	29.20
Downside Target	29.29
Downside Target	29.42
Upside Target	32.05
Upside Target	32.37
Upside Target	34.00

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	28.6
Downside Intraday Target	27.53
Upside Intraday Target	31.55
Upside Intraday Target	33.43
Upside Intraday Target	30.48

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	29.66	32.37	32.37	29.42	0.086 times
18 Fri Oct 2024	30.96	29.52	32.05	28.01	14.146 times
11 Fri Oct 2024	28.12	27.00	28.12	26.33	0.653 times
03 Thu Oct 2024	27.95	28.12	29.29	27.95	0.34 times
27 Fri Sep 2024	28.17	28.08	29.20	27.52	1.182 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 El Forge (ElForge)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	29.66	29.29	32.37	26.33	0.463 times
30 Mon Sep 2024	28.72	27.40	34.00	27.40	1.154 times
30 Fri Aug 2024	26.10	25.60	26.90	22.30	0.759 times
31 Wed Jul 2024	25.10	19.73	28.58	19.73	2.098 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 El Forge (ElForge)

Price action analysis of El Forge ( (ElForge) ) 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 El Forge ( (ElForge) ) 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 El Forge ( (ElForge) ) 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 El Forge stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for El Forge 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.

El Forge 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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for El Forge 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of El Forge is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.73 and El Forge (ElForge) 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 El Forge (ElForge) stock. Volume based technical analysis of El Forge (ElForge) stock is negative.

El Forge Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.