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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 17526

Date Daily Closing Price Open High Low Volume
25 Tue Jan 2022 8.90 9.18 9.18 8.60 0.392 times
24 Mon Jan 2022 8.75 9.36 9.36 8.48 0.429 times
21 Fri Jan 2022 8.92 9.27 9.73 8.81 0.446 times
20 Thu Jan 2022 9.27 8.75 9.30 8.46 1.06 times
19 Wed Jan 2022 8.90 9.15 9.15 8.49 0.941 times
18 Tue Jan 2022 8.93 9.73 9.73 8.81 2.577 times
17 Mon Jan 2022 9.27 9.95 9.95 9.27 0.21 times
14 Fri Jan 2022 9.75 9.75 9.75 9.75 0.357 times
13 Thu Jan 2022 10.26 11.34 11.34 10.26 0.609 times
12 Wed Jan 2022 10.80 11.08 11.08 10.80 1.241 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.2 or till 7.1. Use a stoploss of 9.13 and if the stock hits stoploss, then it can shoot up till 10.04

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 9.36
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 8.47
Downside Intraday Target 8.03
Upside Intraday Target 9.35
Upside Intraday Target 9.79
Upside Intraday Target 8.91

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
25 Tue Jan 2022 8.90 9.36 9.36 8.48 0.157 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 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
25 Tue Jan 2022 8.90 8.33 11.34 8.33 4.193 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 28, 26, 3 Buy
MACD 2, 2Sell
Stochastics 14Sell
CCI -66Buy
RSI 58Buy
OBV 4981Sell
VWAP 9Sell
ADL 0Sell
ROC -16Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is

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

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 9.38 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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