(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)
10 day averaged volume of Modern Steel is 6614
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Aug 2022 | 19.35 | 19.40 | 20.20 | 18.00 | 0.243 times |
| 05 Fri Aug 2022 | 18.95 | 19.90 | 19.90 | 18.30 | 0.264 times |
| 04 Thu Aug 2022 | 18.70 | 19.85 | 19.85 | 18.70 | 0.379 times |
| 03 Wed Aug 2022 | 19.60 | 18.20 | 20.50 | 18.20 | 1.349 times |
| 02 Tue Aug 2022 | 18.80 | 18.50 | 19.60 | 17.80 | 3.981 times |
| 01 Mon Aug 2022 | 17.85 | 19.00 | 19.00 | 17.20 | 0.638 times |
| 30 Sat Jul 2022 | 17.75 | 19.00 | 19.00 | 16.60 | 0.917 times |
| 28 Thu Jul 2022 | 17.40 | 16.05 | 17.75 | 16.05 | 0.628 times |
| 27 Wed Jul 2022 | 17.20 | 17.15 | 18.55 | 17.10 | 0.333 times |
| 26 Tue Jul 2022 | 17.65 | 18.85 | 18.85 | 17.00 | 0.879 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.9, but if it comes below 18.9, then a intra day sell could be more profitable.
If you take a sell trade below 18.9, then use 18.9 as stoploss and 18.2 as target. However if you take a buy trade in stock , then use 18.9 as stoploss and 19.7 as target.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 15.95 |
| Downside Target | 16.50 |
| Downside Target | 17.00 |
| Downside Target | 18.00 |
| Downside Target | 19.00 |
| Upside Target | 19.80 |
| Upside Target | 20.05 |
| Upside Target | 20.20 |
| Upside Target | 20.50 |
| Upside Target | 21.65 |
| Upside Target | 26.10 |
| Upside Target | 30.15 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 18.17 |
| Downside Intraday Target | 16.98 |
| Upside Intraday Target | 20.37 |
| Upside Intraday Target | 21.38 |
| Downside Intraday Target | 19.18 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Aug 2022 | 19.35 | 19.40 | 20.20 | 18.00 | 0.037 times |
| 05 Fri Aug 2022 | 18.95 | 19.00 | 20.50 | 17.20 | 1.951 times |
| 30 Sat Jul 2022 | 17.75 | 18.50 | 19.00 | 16.05 | 1.552 times |
| 22 Fri Jul 2022 | 17.75 | 17.05 | 19.40 | 17.00 | 0.768 times |
| 15 Fri Jul 2022 | 17.85 | 17.00 | 19.80 | 17.00 | 1.202 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 |
| 08 Mon Aug 2022 | 19.35 | 19.00 | 20.50 | 17.20 | 0.573 times |
| 30 Sat Jul 2022 | 17.75 | 20.05 | 20.05 | 15.95 | 1.682 times |
| 30 Thu Jun 2022 | 19.65 | 20.05 | 21.65 | 16.50 | 0.306 times |
| 31 Tue May 2022 | 19.45 | 26.10 | 26.10 | 17.00 | 0.472 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 | 15, 10, 18 | Buy |
| MACD | 0, -0 | Buy |
| Stochastics | 66 | None |
| CCI | 75 | Buy |
| RSI | 57 | Buy |
| OBV | 38952 | Sell |
| VWAP | 19 | Buy |
| ADL | 0 | Sell |
| ROC | 5 | Buy |
| Force Index | 0 | Sell |
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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Modern Steel stock for short term is BUY. 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 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 green color and prices are above the green 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 BUY signal in short term but buying 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 18.51 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 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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