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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 3463

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 16.22 17.00 19.80 15.16 2.225 times
02 Thu Feb 2023 16.58 16.15 16.70 14.52 1.292 times
01 Wed Feb 2023 16.09 16.21 16.25 14.86 1.139 times
31 Tue Jan 2023 14.86 15.50 15.50 14.36 0.955 times
30 Mon Jan 2023 14.56 15.50 15.50 14.00 1.161 times
27 Fri Jan 2023 14.52 15.76 16.25 13.35 2.414 times
25 Wed Jan 2023 15.76 16.50 16.50 15.72 0.163 times
24 Tue Jan 2023 16.06 16.00 16.48 15.60 0.428 times
23 Mon Jan 2023 16.00 17.50 17.50 14.21 1.606 times
20 Fri Jan 2023 15.59 15.31 15.99 15.31 0.22 times

Stock of Modern Steel (ModernSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 16.5 as stoploss in an intra day sell trade for a target of 15.83. However, stock will show a bullish move above 16.5.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.63
Downside Target 12.40
Downside Target 13.35
Downside Target 14.00
Downside Target 14.52
Upside Target 17.30
Upside Target 17.50
Upside Target 17.85
Upside Target 19.00
Upside Target 19.50
Upside Target 19.80

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 13.55
Downside Intraday Target 10.87
Upside Intraday Target 19.35
Upside Intraday Target 22.47
Upside Intraday Target 16.67

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 16.22 15.50 19.80 14.00 1.469 times
27 Fri Jan 2023 14.52 17.50 17.50 13.35 0.846 times
20 Fri Jan 2023 15.59 15.86 17.85 14.15 0.33 times
13 Fri Jan 2023 15.40 14.98 19.00 14.15 4.168 times
06 Fri Jan 2023 14.98 14.99 14.99 13.55 0.332 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
03 Fri Feb 2023 16.22 16.21 19.80 14.52 0.143 times
31 Tue Jan 2023 14.86 14.99 19.00 13.35 1.365 times
30 Fri Dec 2022 14.45 13.90 15.00 10.63 0.951 times
30 Wed Nov 2022 13.95 16.25 17.30 12.40 1.355 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 30, 12, 43 Buy
MACD 0, 0Buy
Stochastics 63None
CCI 172Buy
RSI 52Buy
OBV 49380Sell
VWAP 16Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) 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 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 to mid 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 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 Modern Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Modern Steel 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.

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 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 buy signal for Modern Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 15.56 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 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 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.

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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