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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 2021-07-13 View latest technical analysis

10 day averaged volume of Modern Steel is 3764

Date Daily Closing Price Open High Low Volume
13 Tue Jul 2021 4.09 4.09 4.39 4.09 0.714 times
12 Mon Jul 2021 4.30 4.11 4.30 4.11 1.09 times
09 Fri Jul 2021 4.11 4.43 4.43 4.11 0.482 times
08 Thu Jul 2021 4.23 4.65 4.65 4.23 3.351 times
07 Wed Jul 2021 4.45 4.45 4.45 4.45 2.494 times
06 Tue Jul 2021 4.24 4.09 4.28 3.89 1.223 times
05 Mon Jul 2021 4.09 3.91 4.09 3.91 0.603 times
02 Fri Jul 2021 3.91 4.09 4.09 3.91 0.319 times
01 Thu Jul 2021 3.90 3.86 4.03 3.86 0.084 times
30 Wed Jun 2021 3.85 4.02 4.21 3.85 0.195 times

My analysis of stock is bullish for shortterm, and stock might move up till 4.2 or till 4.4. Use a stoploss of 4.02 and if this stock hits its stoploss, then it can fall down till 3.83

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 4.39
Upside Target 4.59
Upside Target 4.65

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 3.99
Downside Intraday Target 3.89
Upside Intraday Target 4.29
Upside Intraday Target 4.49
Upside Intraday Target 4.19

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
13 Tue Jul 2021 4.09 4.11 4.39 4.09 0.221 times
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

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
13 Tue Jul 2021 4.09 3.86 4.65 3.86 0.898 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 19, 22, 9 Sell
MACD 0, 0Buy
Stochastics 40None
CCI 19Sell
RSI 50Sell
OBV -11239Sell
VWAP 4Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak and stock is losing 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. 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 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

Stock of Modern Steel is picking up buying 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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