(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 2022-01-06 View latest technical analysis
10 day averaged volume of Modern Steel is 2393
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Thu Jan 2022 | 9.62 | 9.62 | 9.62 | 9.62 | 0.483 times |
| 05 Wed Jan 2022 | 9.17 | 9.17 | 9.17 | 9.17 | 0.678 times |
| 04 Tue Jan 2022 | 8.74 | 8.74 | 8.74 | 8.74 | 0.522 times |
| 03 Mon Jan 2022 | 8.33 | 8.33 | 8.33 | 8.33 | 0.7 times |
| 31 Fri Dec 2021 | 7.94 | 7.94 | 7.94 | 7.94 | 5.71 times |
| 30 Thu Dec 2021 | 7.57 | 7.57 | 7.57 | 7.57 | 0.354 times |
| 29 Wed Dec 2021 | 7.21 | 7.21 | 7.21 | 7.21 | 0.481 times |
| 28 Tue Dec 2021 | 6.87 | 6.87 | 6.87 | 6.87 | 0.5 times |
| 27 Mon Dec 2021 | 6.55 | 6.55 | 6.55 | 6.55 | 0.221 times |
| 24 Fri Dec 2021 | 6.24 | 6.24 | 6.24 | 6.24 | 0.414 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 10.1, for a target of 8.1 or 6.37
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 |
| Downside Target | 9.62 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 8.76 |
| Downside Intraday Target | 7.9 |
| Upside Intraday Target | 10.05 |
| Upside Intraday Target | 10.48 |
| Downside Intraday Target | 9.19 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Thu Jan 2022 | 9.62 | 8.33 | 9.62 | 8.33 | 0.328 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 |
| 06 Thu Jan 2022 | 9.62 | 8.33 | 9.62 | 8.33 | 0.097 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 | 97, 15, 73 | Buy |
| MACD | 2, 2 | Buy |
| Stochastics | 100 | Buy |
| CCI | 128 | Buy |
| RSI | 68 | Buy |
| OBV | 46793 | Sell |
| VWAP | 8 | Buy |
| ADL | 0 | Sell |
| ROC | 62 | Buy |
| Force Index | 0 | Sell |
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
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 7.97 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