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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 2024-05-31 View latest technical analysis

10 day averaged volume of Aluminium Aluminum is 1275

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	247.00	246.20	246.60	246.20	0.002 times
30 Thu May 2024	247.75	249.80	249.80	243.70	0.002 times
29 Wed May 2024	249.30	247.55	250.90	247.55	0.006 times
28 Tue May 2024	245.65	243.60	247.00	242.65	0.025 times
27 Mon May 2024	239.55	243.20	244.25	239.00	0.311 times
23 Thu May 2024	239.85	241.10	241.40	236.85	1.264 times
22 Wed May 2024	241.50	247.60	250.35	240.20	2.402 times
21 Tue May 2024	247.65	242.00	252.10	240.55	2.348 times
20 Mon May 2024	242.45	240.60	242.80	238.50	0.678 times
17 Fri May 2024	239.75	238.50	239.90	237.75	1.232 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 244.9, but if it comes below 244.9, then a intra day sell could be more profitable.
If you take a sell trade below 244.9, then use 244.9 as stoploss and 239.12 as target. However if you take a buy trade in stock , then use 244.9 as stoploss and 251.8 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	228.30
Downside Target	236.85
Downside Target	239.00
Downside Target	240.85
Downside Target	242.00
Upside Target	250.90
Upside Target	252.10
Upside Target	255.50

Intraday share price targets for Aluminium Aluminum (ALUMINIUM)

Target Type	Value
Downside Intraday Target	240.37
Downside Intraday Target	233.73
Upside Intraday Target	252.27
Upside Intraday Target	257.53
Downside Intraday Target	245.63

Weekly technical analysis of Aluminium Aluminum (ALUMINIUM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	247.00	243.20	250.90	239.00	0.052 times
23 Thu May 2024	239.85	240.60	252.10	236.85	0.71 times
17 Fri May 2024	239.75	230.85	240.85	230.80	1.49 times
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

Price has moved up 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
31 Fri May 2024	247.00	236.50	252.10	228.30	1.094 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 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 Aluminium Aluminum (ALUMINIUM)

Price action analysis of Aluminium Aluminum ( (ALUMINIUM) ) 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 Aluminium Aluminum ( (ALUMINIUM) ) 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Aluminium Aluminum 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.

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

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 242.76 and Aluminium Aluminum (ALUMINIUM) 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 Aluminium Aluminum (ALUMINIUM) stock. Volume based technical analysis of Aluminium Aluminum (ALUMINIUM) stock is negative.

Aluminium Aluminum 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.