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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)

Showing technical analysis as on 2021-07-08 View latest technical analysis

10 day averaged volume of Modern Steel is 2499

Date Daily Closing Price Open High Low Volume
08 Thu Jul 2021 4.23 4.65 4.65 4.23 5.048 times
07 Wed Jul 2021 4.45 4.45 4.45 4.45 3.757 times
06 Tue Jul 2021 4.24 4.09 4.28 3.89 1.842 times
05 Mon Jul 2021 4.09 3.91 4.09 3.91 0.908 times
02 Fri Jul 2021 3.91 4.09 4.09 3.91 0.481 times
01 Thu Jul 2021 3.90 3.86 4.03 3.86 0.127 times
30 Wed Jun 2021 3.85 4.02 4.21 3.85 0.294 times
29 Tue Jun 2021 4.02 4.23 4.23 4.02 0.241 times
28 Mon Jun 2021 4.23 4.05 4.23 4.05 1.001 times
25 Fri Jun 2021 4.05 3.90 4.05 3.90 0.146 times

Stock of Modern Steel (ModernSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4.2, but if it comes below 4.2, then a intra day sell could be more profitable.
If you take a sell trade below 4.2, then use 4.2 as stoploss and 3.99 as target. However if you take a buy trade in stock , then use 4.2 as stoploss and 4.4 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 3.00
Downside Target 3.26
Downside Target 3.41
Downside Target 3.53
Downside Target 3.70
Downside Target 3.85
Downside Target 4.01
Downside Target 4.19
Downside Target 4.23
Upside Target 4.59
Upside Target 4.65

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 3.86
Downside Intraday Target 3.5
Upside Intraday Target 4.62
Upside Intraday Target 5.02
Upside Intraday Target 4.26

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
08 Thu Jul 2021 4.23 3.91 4.65 3.89 5.391 times
02 Fri Jul 2021 3.91 4.05 4.23 3.85 0.268 times
25 Fri Jun 2021 4.05 3.70 4.05 3.70 3.597 times
18 Fri Jun 2021 3.89 4.19 4.19 3.53 0.444 times
11 Fri Jun 2021 4.00 4.00 4.08 3.58 3.763 times

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

Monthly technical analysis of Modern Steel (ModernSteel)

Date Monthly Closing Price Open High Low Volume
08 Thu Jul 2021 4.23 3.86 4.65 3.86 0.7 times
30 Wed Jun 2021 3.85 4.21 4.23 3.53 0.464 times
31 Mon May 2021 4.43 3.30 4.59 3.26 2.528 times
29 Thu Apr 2021 3.45 3.72 3.72 3.00 1.4 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 22, 26, 8 Sell
MACD 0, 0Buy
Stochastics 80Buy
CCI 127Sell
RSI 49Sell
OBV -5654Sell
VWAP 4Sell
ADL 0Sell
ROC 9Buy
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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Modern Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Modern Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Modern Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 4.25 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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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