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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 2024-12-19 View latest technical analysis

10 day averaged volume of El Forge is 91193

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	39.69	36.35	40.17	36.35	3.774 times
18 Wed Dec 2024	38.26	39.21	39.40	38.26	0.41 times
17 Tue Dec 2024	40.27	44.42	44.42	40.20	4.117 times
16 Mon Dec 2024	42.31	41.80	42.31	41.20	0.279 times
13 Fri Dec 2024	40.30	40.10	40.30	37.01	0.884 times
12 Thu Dec 2024	38.39	35.01	38.39	35.00	0.541 times
11 Wed Dec 2024	36.57	39.44	39.44	36.57	0.506 times
10 Tue Dec 2024	38.49	38.54	38.54	37.25	1.623 times
09 Mon Dec 2024	36.71	36.00	36.71	35.67	1.07 times
06 Fri Dec 2024	34.97	35.00	35.30	34.01	0.2 times

Stock of El Forge (ElForge) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39, but if it comes below 39, then a intra day sell could be more profitable.
If you take a sell trade below 39, then use 39 as stoploss and 36.15 as target. However if you take a buy trade in stock , then use 39 as stoploss and 42.5 as target.

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	22.10
Downside Target	26.90
Downside Target	31.36
Downside Target	32.20
Downside Target	34.00
Downside Target	34.70
Downside Target	35.00
Downside Target	35.19
Downside Target	35.30
Downside Target	36.35
Upside Target	40.30
Upside Target	44.42

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	35.89
Downside Intraday Target	32.08
Upside Intraday Target	43.96
Upside Intraday Target	48.22
Upside Intraday Target	40.15

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	39.69	41.80	44.42	36.35	1.856 times
13 Fri Dec 2024	40.30	36.00	40.30	35.00	2.235 times
06 Fri Dec 2024	34.97	32.61	35.30	32.61	1.579 times
29 Fri Nov 2024	34.03	33.95	34.98	32.20	1.236 times
22 Fri Nov 2024	32.46	33.42	34.70	31.36	0.357 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of El Forge (ElForge)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	39.69	32.61	44.42	32.61	1.833 times
29 Fri Nov 2024	34.03	27.96	35.19	27.11	1.106 times
31 Thu Oct 2024	26.63	29.29	32.37	22.10	0.716 times
30 Mon Sep 2024	28.72	27.40	34.00	27.40	1.154 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 El Forge (ElForge)

Price action analysis of El Forge ( (ElForge) ) 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for El Forge in short term and the buy signal is strong.

El Forge 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for El Forge in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 39.3 and El Forge (ElForge) 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 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 positive

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