(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 1670
|Date||Daily Closing Price||Open||High||Low||Volume|
|17 Fri Sep 2021||3.98||3.81||3.98||3.81||0.293 times|
|16 Thu Sep 2021||3.80||4.00||4.00||3.80||4.716 times|
|15 Wed Sep 2021||4.00||4.15||4.15||4.00||0.595 times|
|14 Tue Sep 2021||3.98||3.80||3.98||3.61||0.566 times|
|13 Mon Sep 2021||3.80||3.80||4.10||3.80||1.701 times|
|09 Thu Sep 2021||3.99||3.80||3.99||3.80||0.338 times|
|08 Wed Sep 2021||3.99||3.98||3.99||3.80||1.383 times|
|07 Tue Sep 2021||3.80||4.19||4.19||3.80||0.354 times|
|06 Mon Sep 2021||4.00||4.20||4.20||3.80||0.177 times|
|02 Thu Sep 2021||4.00||4.00||4.00||4.00||0.001 times|
My analysis of stock is bearish for shortterm, and stock might move down till 3.8 or till 3.6. Use a stoploss of 4.06 and if the stock hits stoploss, then it can shoot up till 4.28
Share price targets for Modern Steel (ModernSteel)
Intraday share price targets for Modern Steel (ModernSteel)
|Downside Intraday Target||3.68|
|Downside Intraday Target||3.37|
|Upside Intraday Target||4.22|
|Upside Intraday Target||4.45|
|Downside Intraday Target||3.91|
Weekly technical analysis of Modern Steel (ModernSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|17 Fri Sep 2021||3.98||3.80||4.15||3.61||3.494 times|
|09 Thu Sep 2021||3.99||4.20||4.20||3.80||2.374 times|
|02 Thu Sep 2021||4.00||3.87||4.05||3.66||3.102 times|
|27 Fri Aug 2021||3.87||4.55||4.55||3.87||0.146 times|
|12 Thu Aug 2021||4.35||4.08||4.65||4.08||0.302 times|
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Modern Steel (ModernSteel)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|17 Fri Sep 2021||3.98||4.00||4.20||3.61||1.015 times|
|31 Tue Aug 2021||3.85||4.02||4.65||3.71||0.251 times|
|30 Fri Jul 2021||4.18||3.86||4.70||3.86||1.551 times|
|30 Wed Jun 2021||3.85||4.21||4.23||3.53||0.464 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||21, 25, 9||Sell|
Price action analysis of Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) based on a mid to longer 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
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
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 moving up
CCI has generated a buy signal for Modern Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 3.86 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.