Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(ModernSteel) Modern Steel complete technical analysis [charts+indicators] | Buy/Sell Modern Steel | (ModernSteel) share price targets

Complete technical analysis of Modern Steel (ModernSteel) by charts plus indicators, forecast predictions and share price targets for Modern Steel (ModernSteel)

10 day averaged volume of Modern Steel is 3684

Date Daily Closing Price Open High Low Volume
07 Wed Dec 2022 14.42 15.00 15.00 14.00 1.146 times
06 Tue Dec 2022 14.61 15.00 15.00 14.02 0.325 times
05 Mon Dec 2022 14.75 14.40 14.94 13.60 1.175 times
02 Fri Dec 2022 14.40 14.90 14.90 13.95 0.201 times
01 Thu Dec 2022 14.05 13.90 14.55 13.90 0.305 times
30 Wed Nov 2022 13.95 14.65 14.85 13.85 0.87 times
29 Tue Nov 2022 14.65 14.00 14.75 13.80 0.315 times
28 Mon Nov 2022 14.00 14.30 14.90 13.80 1.243 times
25 Fri Nov 2022 14.30 13.65 15.50 13.50 3.337 times
24 Thu Nov 2022 14.75 15.40 15.40 14.10 0.868 times

My analysis of stock is bearish for shortterm, and stock might move down till 14.2 or till 13.7. Use a stoploss of 14.59 and if the stock hits stoploss, then it can shoot up till 14.98

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 12.40
Downside Target 13.10
Downside Target 13.60
Downside Target 14.15
Upside Target 14.55
Upside Target 15.50
Upside Target 15.95
Upside Target 16.25
Upside Target 17.30
Upside Target 19.50
Upside Target 21.45
Upside Target 22.10

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 13.68
Downside Intraday Target 12.94
Upside Intraday Target 15.08
Upside Intraday Target 15.74
Downside Intraday Target 14.34

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
07 Wed Dec 2022 14.42 14.40 15.00 13.60 0.902 times
02 Fri Dec 2022 14.40 14.30 14.90 13.80 0.489 times
25 Fri Nov 2022 14.30 13.55 15.50 13.10 0.842 times
18 Fri Nov 2022 14.05 15.95 15.95 12.40 2.435 times
11 Fri Nov 2022 14.75 16.25 16.25 14.15 0.525 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 Modern Steel (ModernSteel)

Date Monthly Closing Price Open High Low Volume
07 Wed Dec 2022 14.42 13.90 15.00 13.60 0.133 times
30 Wed Nov 2022 13.95 16.25 17.30 12.40 1.355 times
31 Mon Oct 2022 16.00 17.30 19.50 14.75 0.37 times
30 Fri Sep 2022 19.85 15.30 21.45 14.55 0.922 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 Modern Steel (ModernSteel)

Indicator Name Indicator Value Indicator Signal
ADX 8, 18, 35 Sell
MACD -1, -1Buy
Stochastics 58None
CCI 37Sell
RSI 50Buy
OBV -34751Sell
VWAP 14Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a mid to longer 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.

ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Modern Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Modern Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Modern Steel 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

Stock of Modern Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.35 and Modern Steel (ModernSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Modern Steel (ModernSteel) stock. Volume based technical analysis of Modern Steel (ModernSteel) stock is negative.

Modern Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Modern Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme