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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 2021-10-07 View latest technical analysis

10 day averaged volume of Modern Steel is 1299

Date Daily Closing Price Open High Low Volume
07 Thu Oct 2021 3.98 3.98 3.98 3.98 0.928 times
06 Wed Oct 2021 3.80 3.99 3.99 3.80 0.789 times
05 Tue Oct 2021 3.99 3.65 4.00 3.65 2.804 times
04 Mon Oct 2021 3.83 3.83 3.83 3.83 0.734 times
01 Fri Oct 2021 3.65 3.65 3.65 3.65 0.693 times
30 Thu Sep 2021 3.83 3.83 3.83 3.83 0.882 times
29 Wed Sep 2021 3.65 3.61 3.97 3.61 1.047 times
28 Tue Sep 2021 3.80 3.97 3.97 3.80 0.513 times
27 Mon Sep 2021 4.00 4.00 4.00 3.66 1.541 times
24 Fri Sep 2021 3.85 3.66 4.00 3.66 0.814 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 as stoploss in an intra day sell trade for a target of 3.89. However, stock will show a bullish move above 4.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 3.53
Downside Target 3.61
Downside Target 3.80
Upside Target 4.00
Upside Target 4.15
Upside Target 4.16
Upside Target 4.20
Upside Target 4.23
Upside Target 4.65
Upside Target 4.70

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 3.75
Downside Intraday Target 3.53
Upside Intraday Target 4.1
Upside Intraday Target 4.23
Downside Intraday Target 3.88

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
07 Thu Oct 2021 3.98 3.83 4.00 3.65 1.123 times
01 Fri Oct 2021 3.65 4.00 4.00 3.61 2.404 times
24 Fri Sep 2021 3.85 4.16 4.16 3.66 0.192 times
17 Fri Sep 2021 3.98 3.80 4.15 3.61 3.494 times
09 Thu Sep 2021 3.99 4.20 4.20 3.80 2.374 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
07 Thu Oct 2021 3.98 3.65 4.00 3.65 0.31 times
30 Thu Sep 2021 3.83 4.00 4.20 3.61 1.47 times
31 Tue Aug 2021 3.85 4.02 4.65 3.71 0.251 times
30 Fri Jul 2021 4.18 3.86 4.70 3.86 1.551 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, 22, 0 Sell
MACD -0, -0Buy
Stochastics 80Buy
CCI 166Buy
RSI 46Sell
OBV -1193Sell
VWAP 4Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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 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

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 BUY signal for Modern Steel in short term but the buy signal is initial and weak.

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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 3.88 and Modern Steel (ModernSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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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