(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 2024-05-09 View latest technical analysis
10 day averaged volume of El Forge is 65768
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Thu May 2024 | 15.84 | 15.84 | 15.84 | 15.84 | 0.276 times |
| 08 Wed May 2024 | 16.67 | 16.35 | 17.45 | 16.35 | 1.355 times |
| 07 Tue May 2024 | 17.21 | 16.91 | 18.67 | 16.91 | 2.934 times |
| 06 Mon May 2024 | 17.79 | 17.79 | 17.79 | 17.79 | 0.115 times |
| 03 Fri May 2024 | 18.72 | 18.72 | 18.72 | 18.72 | 0.109 times |
| 02 Thu May 2024 | 19.70 | 19.70 | 19.70 | 19.70 | 0.283 times |
| 30 Tue Apr 2024 | 20.73 | 22.71 | 22.71 | 20.55 | 1.879 times |
| 29 Mon Apr 2024 | 21.63 | 21.63 | 21.63 | 21.63 | 0.305 times |
| 26 Fri Apr 2024 | 20.60 | 20.60 | 20.60 | 20.60 | 0.666 times |
| 25 Thu Apr 2024 | 19.62 | 19.62 | 19.62 | 19.50 | 0.256 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.6 as stoploss in an intra day buy trade for a target of 17.12. However, stock will show a bearish move below 14.6.
Share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Target | 9.24 |
| Downside Target | 10.20 |
| Downside Target | 10.90 |
| Downside Target | 12.58 |
| Downside Target | 13.13 |
| Downside Target | 13.63 |
| Downside Target | 14.45 |
| Downside Target | 15.47 |
| Downside Target | 15.84 |
| Upside Target | 16.17 |
| Upside Target | 16.96 |
| Upside Target | 18.67 |
| Upside Target | 19.70 |
| Upside Target | 20.60 |
| Upside Target | 22.71 |
Intraday share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Intraday Target | 14.9 |
| Downside Intraday Target | 13.95 |
| Upside Intraday Target | 17.73 |
| Upside Intraday Target | 19.61 |
| Upside Intraday Target | 16.78 |
Weekly technical analysis of El Forge (ElForge)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Thu May 2024 | 15.84 | 17.79 | 18.67 | 15.84 | 1.816 times |
| 03 Fri May 2024 | 18.72 | 21.63 | 22.71 | 18.72 | 0.698 times |
| 26 Fri Apr 2024 | 20.60 | 16.96 | 20.60 | 16.96 | 1.086 times |
| 19 Fri Apr 2024 | 16.16 | 14.20 | 16.17 | 13.13 | 0.684 times |
| 12 Fri Apr 2024 | 13.62 | 13.82 | 14.45 | 12.58 | 1.531 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 |
| 09 Thu May 2024 | 15.84 | 19.70 | 19.70 | 15.84 | 0.29 times |
| 30 Tue Apr 2024 | 20.73 | 14.25 | 22.71 | 12.58 | 0.948 times |
| 28 Thu Mar 2024 | 13.85 | 13.35 | 15.47 | 9.24 | 2.845 times |
| 29 Thu Feb 2024 | 12.75 | 12.50 | 13.63 | 10.90 | 0.652 times |
Scroll below to view daily charts
Price has moved down 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 neutral. A longer time frame might give a better analysis.
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 to mid 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL signal for El Forge in short term but the sell signal is initial and weak.
El Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 and SELL 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
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 18.51 and El Forge (ElForge) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.
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 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 to mid 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL signal for El Forge in short term but the sell signal is initial and weak.
El Forge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 and SELL 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
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 18.51 and El Forge (ElForge) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.
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