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(ALUMINIUM) Aluminium Aluminum complete technical analysis [charts+indicators] | Buy/Sell Aluminium Aluminum | (ALUMINIUM) share price targets

Complete technical analysis of Aluminium Aluminum (ALUMINIUM) by charts plus indicators, forecast predictions and share price targets for Aluminium Aluminum (ALUMINIUM)

Aluminium Aluminum trades in COMMODITY in BASE METALS sector.

Showing technical analysis as on 2024-05-10 View latest technical analysis

10 day averaged volume of Aluminium Aluminum is 1066

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	230.85	235.00	236.40	230.65	2.763 times
09 Thu May 2024	234.25	233.35	234.45	231.40	1.205 times
08 Wed May 2024	232.35	233.05	234.10	230.50	1.567 times
07 Tue May 2024	234.35	236.00	236.00	233.15	1.442 times
06 Mon May 2024	234.55	236.95	237.30	228.30	0.585 times
03 Fri May 2024	233.30	231.55	234.70	230.70	1.918 times
02 Thu May 2024	231.95	236.55	237.35	230.25	2.571 times
01 Wed May 2024	236.10	236.50	236.75	234.55	0.656 times
30 Tue Apr 2024	241.55	242.00	242.00	242.00	0.001 times
29 Mon Apr 2024	239.55	239.50	241.00	238.90	0.011 times

Stock of Aluminium Aluminum (ALUMINIUM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 232.4, but if it comes above 232.4, then a intra day buy could be more profitable.
If you take a sell trade below 232.4, then use 232.4 as stoploss and 226.6 as target. However if you take a buy trade in stock , then use 232.4 as stoploss and 237.3 as target.

Share price targets for Aluminium Aluminum (ALUMINIUM)

Target Type	Value
Downside Target	0.00
Downside Target	204.25
Downside Target	208.55
Downside Target	213.45
Downside Target	220.40
Downside Target	228.30
Upside Target	237.30
Upside Target	237.35
Upside Target	237.40
Upside Target	242.00
Upside Target	243.10
Upside Target	255.50

Intraday share price targets for Aluminium Aluminum (ALUMINIUM)

Target Type	Value
Downside Intraday Target	227
Downside Intraday Target	223.15
Upside Intraday Target	236
Upside Intraday Target	241.15
Upside Intraday Target	232.15

Weekly technical analysis of Aluminium Aluminum (ALUMINIUM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	230.85	236.95	237.30	228.30	1.466 times
03 Fri May 2024	233.30	239.50	242.00	230.25	1.321 times
26 Fri Apr 2024	242.05	242.00	255.50	237.40	0.337 times
19 Fri Apr 2024	242.45	234.40	243.10	229.15	1.666 times
12 Fri Apr 2024	226.45	223.10	229.35	220.40	0.968 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 Aluminium Aluminum (ALUMINIUM)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	230.85	236.50	237.35	228.30	0.429 times
30 Tue Apr 2024	241.55	208.65	255.50	208.55	1.645 times
28 Thu Mar 2024	209.15	200.10	215.00	199.35	0.777 times
29 Thu Feb 2024	200.25	204.15	204.25	0.00	0.844 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 Aluminium Aluminum (ALUMINIUM)

Price action analysis of Aluminium Aluminum ( (ALUMINIUM) ) 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 Aluminium Aluminum ( (ALUMINIUM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Aluminium Aluminum ( (ALUMINIUM) ) 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 Aluminium Aluminum ( (ALUMINIUM) ) 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 Aluminium Aluminum stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Aluminium Aluminum in short term but the sell signal is initial and weak.

Aluminium Aluminum 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 Aluminium Aluminum 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 positive zone. This is a BUY zone

Stock of Aluminium Aluminum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 232.8 and Aluminium Aluminum (ALUMINIUM) 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 Aluminium Aluminum (ALUMINIUM) stock. Volume based technical analysis of Aluminium Aluminum (ALUMINIUM) stock is negative.

Aluminium Aluminum 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.