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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 2024-01-19 View latest technical analysis

10 day averaged volume of El Forge is 37609

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	13.35	13.50	13.83	13.00	1.169 times
18 Thu Jan 2024	13.18	12.80	13.18	12.02	0.664 times
17 Wed Jan 2024	12.56	12.80	13.40	12.35	0.251 times
16 Tue Jan 2024	12.98	14.09	14.09	12.75	2.341 times
15 Mon Jan 2024	13.42	13.93	13.93	13.10	2.242 times
12 Fri Jan 2024	13.27	13.27	13.27	13.27	0.69 times
11 Thu Jan 2024	12.64	12.64	12.64	12.59	0.84 times
10 Wed Jan 2024	12.04	12.00	12.04	11.50	0.747 times
09 Tue Jan 2024	11.47	11.81	11.81	11.35	1.016 times
08 Mon Jan 2024	11.25	11.28	11.28	10.75	0.292 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.8, but if it comes below 12.8, then a intra day sell could be more profitable.
If you take a sell trade below 12.8, then use 12.8 as stoploss and 11.58 as target. However if you take a buy trade in stock , then use 12.8 as stoploss and 14.2 as target.

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	13.27
Upside Target	13.78
Upside Target	13.98
Upside Target	14.09
Upside Target	14.49

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	12.22
Downside Intraday Target	11.08
Upside Intraday Target	14.29
Upside Intraday Target	15.22
Downside Intraday Target	13.15

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	13.35	13.93	14.09	12.02	1.861 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, 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 Fri Jan 2024	13.35	10.45	14.09	10.20	2.087 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, 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 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 El Forge ( (ElForge) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.85 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.