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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 16960

Date Daily Closing Price Open High Low Volume
28 Fri Jan 2022 9.38 9.47 9.47 8.60 0.647 times
27 Thu Jan 2022 9.02 9.16 9.34 8.46 2.743 times
25 Tue Jan 2022 8.90 9.18 9.18 8.60 0.405 times
24 Mon Jan 2022 8.75 9.36 9.36 8.48 0.443 times
21 Fri Jan 2022 8.92 9.27 9.73 8.81 0.461 times
20 Thu Jan 2022 9.27 8.75 9.30 8.46 1.095 times
19 Wed Jan 2022 8.90 9.15 9.15 8.49 0.973 times
18 Tue Jan 2022 8.93 9.73 9.73 8.81 2.663 times
17 Mon Jan 2022 9.27 9.95 9.95 9.27 0.217 times
14 Fri Jan 2022 9.75 9.75 9.75 9.75 0.369 times

My analysis of stock is bullish for shortterm, and stock might move up till 10 or till 10.9. Use a stoploss of 9.31 and if this stock hits its stoploss, then it can fall down till 8.61

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 3.20
Downside Target 3.61
Downside Target 4.00
Downside Target 4.20
Downside Target 4.55
Downside Target 6.55
Downside Target 7.94
Downside Target 8.33
Upside Target 9.47
Upside Target 9.56
Upside Target 9.95
Upside Target 10.10
Upside Target 11.34

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 8.74
Downside Intraday Target 8.09
Upside Intraday Target 9.75
Upside Intraday Target 10.11
Downside Intraday Target 9.1

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
28 Fri Jan 2022 9.38 9.36 9.47 8.46 0.784 times
21 Fri Jan 2022 8.92 9.95 9.95 8.46 0.895 times
14 Fri Jan 2022 9.75 9.80 11.34 9.56 2.793 times
07 Fri Jan 2022 9.60 8.33 10.10 8.33 2.112 times
31 Fri Dec 2021 7.94 6.55 7.94 6.55 1.298 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
28 Fri Jan 2022 9.38 8.33 11.34 8.33 5.175 times
31 Fri Dec 2021 7.94 3.80 7.94 3.65 3.694 times
30 Tue Nov 2021 4.00 3.61 4.00 3.20 0.692 times
29 Fri Oct 2021 3.61 3.65 4.55 3.61 0.92 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Modern Steel (ModernSteel)

Indicator Name Indicator Value Indicator Signal
ADX 26, 20, 13 Buy
MACD 1, 2Sell
Stochastics 32None
CCI 7Buy
RSI 57Buy
OBV 60126Sell
VWAP 9Buy
ADL 0Sell
ROC -9Sell
Force Index 0Sell

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 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 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

ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak and stock is gaining 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 weakening, and bulls 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 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

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 9.05 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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Daily charts

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Daily chart

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