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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 2022-01-03 View latest technical analysis

10 day averaged volume of Modern Steel is 3078

Date Daily Closing Price Open High Low Volume
03 Mon Jan 2022 8.33 8.33 8.33 8.33 0.544 times
31 Fri Dec 2021 7.94 7.94 7.94 7.94 4.439 times
30 Thu Dec 2021 7.57 7.57 7.57 7.57 0.275 times
29 Wed Dec 2021 7.21 7.21 7.21 7.21 0.374 times
28 Tue Dec 2021 6.87 6.87 6.87 6.87 0.389 times
27 Mon Dec 2021 6.55 6.55 6.55 6.55 0.172 times
24 Fri Dec 2021 6.24 6.24 6.24 6.24 0.322 times
23 Thu Dec 2021 5.95 5.95 5.95 5.95 0.328 times
22 Wed Dec 2021 5.67 5.67 5.67 5.67 1.109 times
21 Tue Dec 2021 5.40 5.40 5.40 5.40 0.838 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 8.6, for a target of 7 or 5.59

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 3.20
Downside Target 3.61
Downside Target 4.00
Downside Target 4.20
Downside Target 4.35
Downside Target 4.55
Downside Target 4.91
Downside Target 5.15
Downside Target 6.24
Downside Target 6.55
Downside Target 7.94
Downside Target 8.33

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 8.33
Downside Intraday Target 8.33
Downside Intraday Target 8.33
Downside Intraday Target 8.33
Downside Intraday Target 8.33

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
03 Mon Jan 2022 8.33 8.33 8.33 8.33 0.096 times
31 Fri Dec 2021 7.94 6.55 7.94 6.55 1.298 times
24 Fri Dec 2021 6.24 5.15 6.24 5.15 0.886 times
17 Fri Dec 2021 4.91 4.56 4.91 4.06 1.603 times
10 Fri Dec 2021 4.35 4.00 4.35 3.65 1.518 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
03 Mon Jan 2022 8.33 8.33 8.33 8.33 0.029 times
31 Fri Dec 2021 7.94 3.80 7.94 3.65 3.694 times
30 Tue Nov 2021 4.00 3.61 4.00 3.20 0.692 times
29 Fri Oct 2021 3.61 3.65 4.55 3.61 0.92 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 87, 17, 68 Buy
MACD 2, 1Buy
Stochastics 100Buy
CCI 128Buy
RSI 65Buy
OBV 42190Sell
VWAP 7Buy
ADL 0Sell
ROC 62Buy
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is

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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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 7.18 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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