(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 22688
Date | Daily Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 21.39 | 21.64 | 21.72 | 21.10 | 0.183 times |
22 Mon Apr 2024 | 21.18 | 21.79 | 21.79 | 21.10 | 0.194 times |
19 Fri Apr 2024 | 21.36 | 20.70 | 21.80 | 20.28 | 1.207 times |
18 Thu Apr 2024 | 21.34 | 22.15 | 22.15 | 21.10 | 0.406 times |
16 Tue Apr 2024 | 21.53 | 20.70 | 22.17 | 20.70 | 0.269 times |
15 Mon Apr 2024 | 21.74 | 20.99 | 22.30 | 20.30 | 0.791 times |
12 Fri Apr 2024 | 21.35 | 21.09 | 23.31 | 21.09 | 1.859 times |
10 Wed Apr 2024 | 22.20 | 22.20 | 22.20 | 22.20 | 0.304 times |
09 Tue Apr 2024 | 23.36 | 23.36 | 23.36 | 23.36 | 0.264 times |
08 Mon Apr 2024 | 24.58 | 26.31 | 26.31 | 24.00 | 3.158 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.1 or till 18.2. Use a stoploss of 21.64 and if the stock hits stoploss, then it can shoot up till 23.19
Share price targets for Modern Steel (ModernSteel)
Target Type | Value |
Downside Target | 18.11 |
Downside Target | 19.39 |
Downside Target | 20.28 |
Downside Target | 21.09 |
Upside Target | 21.79 |
Upside Target | 22.30 |
Upside Target | 23.21 |
Upside Target | 24.45 |
Upside Target | 25.06 |
Upside Target | 25.68 |
Upside Target | 26.31 |
Upside Target | 26.80 |
Upside Target | 27.54 |
Upside Target | 28.50 |
Intraday share price targets for Modern Steel (ModernSteel)
Target Type | Value |
Downside Intraday Target | 21.06 |
Downside Intraday Target | 20.74 |
Upside Intraday Target | 21.75 |
Upside Intraday Target | 22.12 |
Upside Intraday Target | 21.43 |
Weekly technical analysis of Modern Steel (ModernSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 21.39 | 21.79 | 21.79 | 21.10 | 0.141 times |
19 Fri Apr 2024 | 21.36 | 20.99 | 22.30 | 20.28 | 0.479 times |
12 Fri Apr 2024 | 21.35 | 26.31 | 26.31 | 21.09 | 1.125 times |
05 Fri Apr 2024 | 25.06 | 19.75 | 25.06 | 19.39 | 2.096 times |
28 Thu Mar 2024 | 19.38 | 21.24 | 21.24 | 18.11 | 2.832 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 |
23 Tue Apr 2024 | 21.39 | 19.75 | 26.31 | 19.39 | 1.835 times |
28 Thu Mar 2024 | 19.38 | 23.58 | 25.68 | 18.11 | 0.776 times |
29 Thu Feb 2024 | 22.58 | 25.50 | 26.80 | 21.23 | 0.6 times |
31 Wed Jan 2024 | 26.19 | 25.40 | 28.50 | 24.45 | 1.005 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)
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 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 mid to longer 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.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 22.66 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 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 mid to longer 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.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 22.66 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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