Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-29 View latest technical analysis

10 day averaged volume of El Forge is 13219

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	12.75	12.60	12.75	11.60	0.771 times
28 Wed Feb 2024	12.15	12.61	12.61	12.00	1.715 times
27 Tue Feb 2024	12.01	12.00	12.60	12.00	2.069 times
26 Mon Feb 2024	12.00	12.00	12.01	11.35	0.774 times
23 Fri Feb 2024	11.91	11.00	12.04	10.90	2.178 times
22 Thu Feb 2024	11.47	12.60	12.60	11.40	0.327 times
21 Wed Feb 2024	12.00	12.90	12.90	11.70	0.615 times
20 Tue Feb 2024	12.30	12.50	12.51	11.80	0.716 times
19 Mon Feb 2024	11.92	11.65	12.23	11.65	0.219 times
16 Fri Feb 2024	11.65	11.80	12.00	11.55	0.872 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.6, but if it comes below 12.6, then a intra day sell could be more profitable.
If you take a sell trade below 12.6, then use 12.6 as stoploss and 12.18 as target. However if you take a buy trade in stock , then use 12.6 as stoploss and 13 as target.

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	9.15
Downside Target	10.20
Downside Target	10.90
Downside Target	11.35
Downside Target	11.85
Downside Target	12.75
Upside Target	12.91
Upside Target	13.16
Upside Target	13.63
Upside Target	13.78
Upside Target	14.49
Upside Target	14.71

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	11.82
Downside Intraday Target	10.88
Upside Intraday Target	13.22
Upside Intraday Target	13.68
Downside Intraday Target	12.28

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	12.75	12.00	12.75	11.35	1.314 times
23 Fri Feb 2024	11.91	11.65	12.90	10.90	0.929 times
16 Fri Feb 2024	11.65	12.91	12.91	11.50	0.268 times
09 Fri Feb 2024	12.30	12.68	13.63	12.00	2.496 times
02 Fri Feb 2024	12.68	12.54	13.16	11.85	0.547 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
29 Thu Feb 2024	12.75	12.50	13.63	10.90	0.652 times
31 Wed Jan 2024	12.69	10.45	14.71	10.20	3.118 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

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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of El Forge ( (ElForge) ) based on a short to mid 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 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 SELL. Signal strength is Weak 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 12.04 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.