(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 2024-08-16 View latest technical analysis
10 day averaged volume of El Forge is 15317
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 22.50 | 22.35 | 22.51 | 22.35 | 1.069 times |
| 14 Wed Aug 2024 | 22.35 | 22.68 | 22.68 | 22.30 | 0.195 times |
| 13 Tue Aug 2024 | 22.68 | 22.69 | 22.69 | 22.68 | 0.621 times |
| 12 Mon Aug 2024 | 23.14 | 23.61 | 23.61 | 23.14 | 0.702 times |
| 09 Fri Aug 2024 | 23.61 | 22.92 | 23.61 | 22.92 | 0.989 times |
| 08 Thu Aug 2024 | 23.15 | 23.15 | 23.15 | 23.15 | 0.643 times |
| 07 Wed Aug 2024 | 23.62 | 23.62 | 23.62 | 23.62 | 0.359 times |
| 06 Tue Aug 2024 | 24.10 | 24.09 | 24.10 | 24.09 | 1.327 times |
| 05 Mon Aug 2024 | 24.58 | 24.58 | 24.58 | 24.58 | 0.548 times |
| 02 Fri Aug 2024 | 25.08 | 26.10 | 26.10 | 25.08 | 2.464 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.9, but if it comes above 22.9, then a intra day buy could be more profitable.
If you take a sell trade below 22.9, then use 22.9 as stoploss and 21.8 as target. However if you take a buy trade in stock , then use 22.9 as stoploss and 23.79 as target.
Share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Target | 12.58 |
| Downside Target | 14.60 |
| Downside Target | 19.73 |
| Downside Target | 22.30 |
| Upside Target | 23.61 |
| Upside Target | 24.18 |
| Upside Target | 24.58 |
| Upside Target | 24.60 |
| Upside Target | 26.10 |
| Upside Target | 28.58 |
Intraday share price targets for El Forge (ElForge)
| Target Type | Value |
| Downside Intraday Target | 22 |
| Downside Intraday Target | 21.49 |
| Upside Intraday Target | 23.31 |
| Upside Intraday Target | 24.11 |
| Upside Intraday Target | 22.8 |
Weekly technical analysis of El Forge (ElForge)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 22.50 | 23.61 | 23.61 | 22.30 | 0.669 times |
| 09 Fri Aug 2024 | 23.61 | 24.58 | 24.58 | 22.92 | 0.492 times |
| 02 Fri Aug 2024 | 25.08 | 24.66 | 26.10 | 24.60 | 1.501 times |
| 26 Fri Jul 2024 | 24.18 | 23.26 | 24.18 | 22.35 | 0.223 times |
| 19 Fri Jul 2024 | 23.73 | 28.58 | 28.58 | 23.73 | 0.783 times |
Price has moved down 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 |
| 16 Fri Aug 2024 | 22.50 | 25.60 | 26.10 | 22.30 | 0.155 times |
| 31 Wed Jul 2024 | 25.10 | 19.73 | 28.58 | 19.73 | 2.098 times |
| 28 Fri Jun 2024 | 20.13 | 20.28 | 23.71 | 20.02 | 0.83 times |
| 31 Fri May 2024 | 19.89 | 19.70 | 19.89 | 14.60 | 0.546 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 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 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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for El Forge in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying 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 23.85 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 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 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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for El Forge in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying 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 23.85 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.
Click here for El Forge charts
Click here for further forecast and predictions for tomorrow