(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 4183
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue Feb 2023 | 15.83 | 15.56 | 16.49 | 15.14 | 0.895 times |
| 06 Mon Feb 2023 | 15.56 | 15.65 | 16.22 | 15.41 | 0.578 times |
| 03 Fri Feb 2023 | 16.22 | 17.00 | 19.80 | 15.16 | 1.842 times |
| 02 Thu Feb 2023 | 16.58 | 16.15 | 16.70 | 14.52 | 1.07 times |
| 01 Wed Feb 2023 | 16.09 | 16.21 | 16.25 | 14.86 | 0.943 times |
| 31 Tue Jan 2023 | 14.86 | 15.50 | 15.50 | 14.36 | 0.79 times |
| 30 Mon Jan 2023 | 14.56 | 15.50 | 15.50 | 14.00 | 0.961 times |
| 27 Fri Jan 2023 | 14.52 | 15.76 | 16.25 | 13.35 | 1.998 times |
| 25 Wed Jan 2023 | 15.76 | 16.50 | 16.50 | 15.72 | 0.135 times |
| 24 Tue Jan 2023 | 16.06 | 16.00 | 16.48 | 15.60 | 0.354 times |
My analysis of stock is bearish for shortterm, and stock might move down till 15.2 or till 14.4. Use a stoploss of 15.89 and if the stock hits stoploss, then it can shoot up till 16.55
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 | 16.49 |
| Upside Target | 17.30 |
| 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 | 15.15 |
| Downside Intraday Target | 14.47 |
| Upside Intraday Target | 16.5 |
| Upside Intraday Target | 17.17 |
| Downside Intraday Target | 15.82 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue Feb 2023 | 15.83 | 15.65 | 16.49 | 15.14 | 0.263 times |
| 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 |
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 |
| 07 Tue Feb 2023 | 15.83 | 16.21 | 19.80 | 14.52 | 0.197 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 | 26, 11, 42 | Buy |
| MACD | 0, 0 | Sell |
| Stochastics | 39 | None |
| CCI | 20 | Buy |
| RSI | 50 | Sell |
| OBV | 44223 | Sell |
| VWAP | 16 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 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 to mid 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 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 losing momentum.
MACD generated a SELL signal for Modern Steel in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Modern Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 15.52 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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