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(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 7125

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 16.85 16.85 18.50 14.55 0.285 times
11 Thu Aug 2022 17.50 17.00 19.00 16.50 1.499 times
10 Wed Aug 2022 17.35 19.40 19.40 15.60 0.703 times
08 Mon Aug 2022 19.35 19.40 20.20 18.00 0.226 times
05 Fri Aug 2022 18.95 19.90 19.90 18.30 0.245 times
04 Thu Aug 2022 18.70 19.85 19.85 18.70 0.352 times
03 Wed Aug 2022 19.60 18.20 20.50 18.20 1.252 times
02 Tue Aug 2022 18.80 18.50 19.60 17.80 3.696 times
01 Mon Aug 2022 17.85 19.00 19.00 17.20 0.592 times
30 Sat Jul 2022 17.75 19.00 19.00 16.60 0.851 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.5, for a target of 17.4 or 18.13

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 14.55
Downside Target 15.95
Downside Target 16.50
Upside Target 17.00
Upside Target 19.00
Upside Target 19.80
Upside Target 20.05
Upside Target 20.20
Upside Target 20.50
Upside Target 21.65
Upside Target 26.10
Upside Target 30.15

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 14.2
Downside Intraday Target 11.55
Upside Intraday Target 19.85
Upside Intraday Target 22.85
Upside Intraday Target 17.2

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 16.85 19.40 20.20 14.55 0.442 times
05 Fri Aug 2022 18.95 19.00 20.50 17.20 1.951 times
30 Sat Jul 2022 17.75 18.50 19.00 16.05 1.552 times
22 Fri Jul 2022 17.75 17.05 19.40 17.00 0.768 times
15 Fri Jul 2022 17.85 17.00 19.80 17.00 1.202 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 Modern Steel (ModernSteel)

Date Monthly Closing Price Open High Low Volume
12 Fri Aug 2022 16.85 19.00 20.50 14.55 0.798 times
30 Sat Jul 2022 17.75 20.05 20.05 15.95 1.682 times
30 Thu Jun 2022 19.65 20.05 21.65 16.50 0.306 times
31 Tue May 2022 19.45 26.10 26.10 17.00 0.472 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 Modern Steel (ModernSteel)

Indicator Name Indicator Value Indicator Signal
ADX 9, 24, 46 Sell
MACD -0, -0Sell
Stochastics 38None
CCI -140Sell
RSI 48Sell
OBV 36258Sell
VWAP 18Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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 short 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 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 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 SELL signal for Modern Steel in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Modern Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.4 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

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Daily chart

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