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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)

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, -0Buy
Stochastics 66None
CCI 75Buy
RSI 57Buy
OBV 38952Sell
VWAP 19Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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.

Click here for Modern Steel charts

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Daily charts

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Daily chart

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