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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 2024-01-15 View latest technical analysis

10 day averaged volume of El Forge is 18623

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	13.42	13.93	13.93	13.10	4.527 times
12 Fri Jan 2024	13.27	13.27	13.27	13.27	1.393 times
11 Thu Jan 2024	12.64	12.64	12.64	12.59	1.696 times
10 Wed Jan 2024	12.04	12.00	12.04	11.50	1.508 times
09 Tue Jan 2024	11.47	11.81	11.81	11.35	2.051 times
08 Mon Jan 2024	11.25	11.28	11.28	10.75	0.589 times
05 Fri Jan 2024	10.75	11.00	11.21	10.50	1.857 times
04 Thu Jan 2024	10.68	10.60	11.00	10.50	0.25 times
03 Wed Jan 2024	10.56	10.20	11.13	10.20	0.241 times
02 Tue Jan 2024	10.60	10.43	11.45	10.43	0.314 times

Stock of El Forge (ElForge) 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 13.4, for a target of 12.1 or 10.94

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	9.15
Downside Target	9.70
Downside Target	10.20
Downside Target	10.50
Downside Target	10.75
Downside Target	11.40
Downside Target	11.85
Downside Target	13.10
Downside Target	13.27
Upside Target	13.78
Upside Target	13.93
Upside Target	13.98
Upside Target	14.49

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	13.04
Downside Intraday Target	12.65
Upside Intraday Target	13.87
Upside Intraday Target	14.31
Upside Intraday Target	13.48

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	13.42	13.93	13.93	13.10	0.626 times
12 Fri Jan 2024	13.27	11.28	13.27	10.75	2.618 times
05 Fri Jan 2024	10.75	10.45	11.45	10.20	1.709 times
29 Fri Dec 2023	10.45	9.70	11.40	9.70	0.844 times
22 Fri Dec 2023	9.71	9.84	10.86	9.15	0.686 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 El Forge (ElForge)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	13.42	10.45	13.93	10.20	1.292 times
29 Fri Dec 2023	10.45	11.65	11.85	9.15	0.331 times
30 Thu Nov 2023	11.65	13.94	14.49	10.90	3.357 times
31 Tue Oct 2023	13.33	12.70	13.78	11.56	0.127 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 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 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 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 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 12.3 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.