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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 2021-07-09 View latest technical analysis

10 day averaged volume of Modern Steel is 3460

Date Daily Closing Price Open High Low Volume
09 Fri Jul 2021 4.11 4.43 4.43 4.11 0.524 times
08 Thu Jul 2021 4.23 4.65 4.65 4.23 3.646 times
07 Wed Jul 2021 4.45 4.45 4.45 4.45 2.713 times
06 Tue Jul 2021 4.24 4.09 4.28 3.89 1.331 times
05 Mon Jul 2021 4.09 3.91 4.09 3.91 0.656 times
02 Fri Jul 2021 3.91 4.09 4.09 3.91 0.347 times
01 Thu Jul 2021 3.90 3.86 4.03 3.86 0.092 times
30 Wed Jun 2021 3.85 4.02 4.21 3.85 0.212 times
29 Tue Jun 2021 4.02 4.23 4.23 4.02 0.174 times
28 Mon Jun 2021 4.23 4.05 4.23 4.05 0.723 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 4.2 as stoploss in an intra day sell trade for a target of 4. However, stock will show a bullish move above 4.2.

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
Upside Target 4.19
Upside 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 3.78
Downside Intraday Target 3.46
Upside Intraday Target 4.54
Upside Intraday Target 4.98
Upside Intraday Target 4.22

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
09 Fri Jul 2021 4.11 3.91 4.65 3.89 5.73 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
09 Fri Jul 2021 4.11 3.86 4.65 3.86 0.741 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 18, 29, 23 Sell
MACD 0, 0Buy
Stochastics 60None
CCI 41Sell
RSI 50Sell
OBV -5717Sell
VWAP 4Sell
ADL 0Sell
ROC 1Buy
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 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 Strong and stock is gaining momentum.

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

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. 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 but selling 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 4.25 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 is giving positive 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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Daily charts

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Daily chart

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