(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 2024-06-05 View latest technical analysis
10 day averaged volume of El Forge is 19561
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 20.27 | 20.27 | 20.27 | 20.27 | 2.797 times |
| 04 Tue Jun 2024 | 20.68 | 20.68 | 20.68 | 20.02 | 3.309 times |
| 03 Mon Jun 2024 | 20.28 | 20.28 | 20.28 | 20.28 | 1.096 times |
| 31 Fri May 2024 | 19.89 | 19.89 | 19.89 | 19.89 | 0.493 times |
| 30 Thu May 2024 | 19.50 | 19.50 | 19.50 | 19.50 | 2.268 times |
| 29 Wed May 2024 | 19.12 | 19.12 | 19.12 | 19.12 | 0.415 times |
| 28 Tue May 2024 | 18.75 | 18.75 | 18.75 | 18.75 | 0.755 times |
| 27 Mon May 2024 | 18.39 | 18.39 | 18.39 | 18.39 | 0.4 times |
| 24 Fri May 2024 | 18.03 | 17.68 | 18.03 | 17.68 | 0.664 times |
| 23 Thu May 2024 | 17.68 | 17.68 | 17.68 | 17.68 | 0.209 times |
Stock of El Forge (ElForge) has showed a significant fall. This could be a good time to exit from 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 19.8, but if it comes below 19.8, then a intra day sell could be more profitable.
If you take a sell trade below 19.8, then use 19.8 as stoploss and 18.3 as target. However if you take a buy trade in stock , then use 19.8 as stoploss and 21.7 as target.
Share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Target | 9.24 |
| Downside Target | 10.90 |
| Downside Target | 12.58 |
| Downside Target | 13.63 |
| Downside Target | 14.60 |
| Downside Target | 15.05 |
| Downside Target | 15.47 |
| Downside Target | 17.68 |
| Downside Target | 18.39 |
| Downside Target | 19.19 |
| Downside Target | 19.89 |
| Downside Target | 20.02 |
| Upside Target | 20.68 |
| Upside Target | 22.71 |
Intraday share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Intraday Target | 19.97 |
| Downside Intraday Target | 19.66 |
| Upside Intraday Target | 20.63 |
| Upside Intraday Target | 20.98 |
| Upside Intraday Target | 20.32 |
Weekly technical analysis of El Forge (ElForge)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 20.27 | 20.28 | 20.68 | 20.02 | 1.663 times |
| 31 Fri May 2024 | 19.89 | 18.39 | 19.89 | 18.39 | 1.969 times |
| 24 Fri May 2024 | 18.03 | 18.45 | 18.45 | 17.68 | 0.302 times |
| 18 Sat May 2024 | 18.77 | 14.60 | 19.19 | 14.60 | 0.429 times |
| 10 Fri May 2024 | 15.05 | 17.79 | 18.67 | 15.05 | 1.959 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 |
| 05 Wed Jun 2024 | 20.27 | 20.28 | 20.68 | 20.02 | 0.224 times |
| 31 Fri May 2024 | 19.89 | 19.70 | 19.89 | 14.60 | 0.546 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 |
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 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 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 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 Strong and stock is losing 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 coming down
CCI has generated a SELL signal for El Forge in short term but SELL signal is weak.
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
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 19.87 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.
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 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 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 Strong and stock is losing 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 coming down
CCI has generated a SELL signal for El Forge in short term but SELL signal is weak.
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
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 19.87 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.
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