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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 2024-10-16 View latest technical analysis

10 day averaged volume of El Forge is 22274

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	29.42	28.02	29.42	28.02	1.85 times
15 Tue Oct 2024	28.02	28.98	29.34	28.01	2.491 times
14 Mon Oct 2024	29.48	29.52	29.52	28.90	4.615 times
11 Fri Oct 2024	28.12	28.12	28.12	28.12	0.178 times
10 Thu Oct 2024	27.57	27.57	27.57	27.57	0.1 times
09 Wed Oct 2024	27.03	26.59	27.03	26.59	0.298 times
08 Tue Oct 2024	26.50	26.33	26.52	26.33	0.365 times
07 Mon Oct 2024	26.86	27.00	27.00	26.86	0.203 times
03 Thu Oct 2024	27.95	29.00	29.00	27.95	0.365 times
01 Tue Oct 2024	28.51	29.29	29.29	28.15	0.845 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.4, but if it comes below 29.4, then a intra day sell could be more profitable.
If you take a sell trade below 29.4, then use 29.4 as stoploss and 28.45 as target. However if you take a buy trade in stock , then use 29.4 as stoploss and 30.6 as target.

Share price targets for El Forge (ElForge)

Target Type	Value
Downside Target	19.73
Downside Target	22.30
Downside Target	23.71
Downside Target	26.33
Downside Target	26.90
Downside Target	28.65
Downside Target	29.20
Downside Target	29.29
Upside Target	29.52
Upside Target	31.04
Upside Target	34.00

Intraday share price targets for El Forge (ElForge)

Target Type	Value
Downside Intraday Target	28.45
Downside Intraday Target	27.47
Upside Intraday Target	29.96
Upside Intraday Target	30.49
Downside Intraday Target	28.98

Weekly technical analysis of El Forge (ElForge)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	29.42	29.52	29.52	28.01	7.833 times
11 Fri Oct 2024	28.12	27.00	28.12	26.33	0.653 times
03 Thu Oct 2024	27.95	28.12	29.29	27.95	0.34 times
27 Fri Sep 2024	28.17	28.08	29.20	27.52	1.182 times
20 Fri Sep 2024	28.65	31.04	31.04	28.65	0.541 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
16 Wed Oct 2024	29.42	29.29	29.52	26.33	0.263 times
30 Mon Sep 2024	28.72	27.40	34.00	27.40	1.154 times
30 Fri Aug 2024	26.10	25.60	26.90	22.30	0.759 times
31 Wed Jul 2024	25.10	19.73	28.58	19.73	2.098 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 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 and the buying is gaining 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 28.78 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.