531144 NEWS why is El Forge Ltd price falling or rising

531144 NEWS reasons for why stock price of El Forge Ltd is falling or rising

531144 El Forge is falling or rising technical reasons

Technical analysis forecast of El Forge Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in El Forge 531144 at this time. Stock is rising and might rise more.

It appears as if El Forge 531144 gave a large move recently.

Stock of El Forge (531144) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for El Forge is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 20.7, for a target of 18 or 15.85

531144 El Forge is falling or rising NEWS fundamental reasons

More announcements and NEWS

531144 El Forge Ltd current price & indicator signals

Moving Averages for El Forge Ltd

  • 5Day Average: 18.73
  • 12Day Average: 16.17
  • 20Day Average: 15.3
  • 50Day Average: 13.17
  • 100Day Average: 12.39
  • 150Day Average: 12.51
  • 200Day Average: 11.96

531144 Indicators & signals

Indicator MACD (12,26,9)

17, 15.27, 1.14
Indicator MACD is in positive zone

Indicator ADX (14)

69.49, 53.76, 9.68
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 531144 El Forge Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 20.60 20.60 to 20.60 4.99% 0.69 times
25 Thu Apr 2024 19.62 19.50 to 19.62 4.98% 0.27 times
24 Wed Apr 2024 18.69 17.81 to 18.69 5% 2.18 times
23 Tue Apr 2024 17.80 17.80 to 17.80 4.95% 0.42 times
22 Mon Apr 2024 16.96 16.96 to 16.96 4.95% 0.27 times
19 Fri Apr 2024 16.16 14.85 to 16.17 4.94% 0.84 times
18 Thu Apr 2024 15.40 14.51 to 15.47 4.48% 1.83 times
16 Tue Apr 2024 14.74 14.31 to 14.90 3.29% 0.25 times
15 Mon Apr 2024 14.27 13.13 to 14.30 4.77% 0.6 times
12 Fri Apr 2024 13.62 12.88 to 13.63 4.85% 3.06 times
10 Wed Apr 2024 12.99 12.58 to 13.78 -1.89% 0.27 times
09 Tue Apr 2024 13.24 13.05 to 14.16 -1.85% 0.49 times

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531144 NEWS why is El Forge Ltd price falling or rising

 

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