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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 2021-10-08 View latest technical analysis

10 day averaged volume of Modern Steel is 1396

Date Daily Closing Price Open High Low Volume
08 Fri Oct 2021 3.80 3.81 3.81 3.80 2.932 times
07 Thu Oct 2021 3.98 3.98 3.98 3.98 0.863 times
06 Wed Oct 2021 3.80 3.99 3.99 3.80 0.734 times
05 Tue Oct 2021 3.99 3.65 4.00 3.65 2.609 times
04 Mon Oct 2021 3.83 3.83 3.83 3.83 0.683 times
01 Fri Oct 2021 3.65 3.65 3.65 3.65 0.645 times
30 Thu Sep 2021 3.83 3.83 3.83 3.83 0.821 times
29 Wed Sep 2021 3.65 3.61 3.97 3.61 0.974 times
28 Tue Sep 2021 3.80 3.97 3.97 3.80 0.478 times
27 Mon Sep 2021 4.00 4.00 4.00 3.66 1.434 times

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

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 3.63
Downside Intraday Target 3.47
Upside Intraday Target 3.98
Upside Intraday Target 4.17
Upside Intraday Target 3.82

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
08 Fri Oct 2021 3.80 3.83 4.00 3.65 1.797 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, 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 Fri Oct 2021 3.80 3.65 4.00 3.65 0.475 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 down 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, 9 Sell
MACD -0, -0Buy
Stochastics 64None
CCI -32Sell
RSI 46Sell
OBV -4695Sell
VWAP 4Sell
ADL 0Sell
ROC -1Sell
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 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 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 gaining momentum.

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

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 and SELL signal is strong!

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 3.86 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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Daily charts

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Daily chart

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