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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 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, 0Sell
Stochastics 39None
CCI 20Buy
RSI 50Sell
OBV 44223Sell
VWAP 16Buy
ADL 0Sell
ROC -1Sell
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 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.

Click here for Modern Steel charts

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Daily charts

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Daily chart

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