(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 2022-01-07 View latest technical analysis
10 day averaged volume of Modern Steel is 2408
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Fri Jan 2022 | 9.60 | 10.10 | 10.10 | 9.60 | 12.881 times |
| 06 Thu Jan 2022 | 9.62 | 9.62 | 9.62 | 9.62 | 0.48 times |
| 05 Wed Jan 2022 | 9.17 | 9.17 | 9.17 | 9.17 | 0.674 times |
| 04 Tue Jan 2022 | 8.74 | 8.74 | 8.74 | 8.74 | 0.519 times |
| 03 Mon Jan 2022 | 8.33 | 8.33 | 8.33 | 8.33 | 0.696 times |
| 31 Fri Dec 2021 | 7.94 | 7.94 | 7.94 | 7.94 | 5.674 times |
| 30 Thu Dec 2021 | 7.57 | 7.57 | 7.57 | 7.57 | 0.351 times |
| 29 Wed Dec 2021 | 7.21 | 7.21 | 7.21 | 7.21 | 0.478 times |
| 28 Tue Dec 2021 | 6.87 | 6.87 | 6.87 | 6.87 | 0.497 times |
| 27 Mon Dec 2021 | 6.55 | 6.55 | 6.55 | 6.55 | 0.22 times |
Stock of Modern Steel (ModernSteel) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.4, but if it comes below 8.4, then a intra day sell could be more profitable.
If you take a sell trade below 8.4, then use 8.4 as stoploss and 6.63 as target. However if you take a buy trade in stock , then use 8.4 as stoploss and 10.5 as target.
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 |
| Upside Target | 10.10 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 8.59 |
| Downside Intraday Target | 7.57 |
| Upside Intraday Target | 10.36 |
| Upside Intraday Target | 11.11 |
| Downside Intraday Target | 9.34 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Fri Jan 2022 | 9.60 | 8.33 | 10.10 | 8.33 | 2.112 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, 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 |
| 07 Fri Jan 2022 | 9.60 | 8.33 | 10.10 | 8.33 | 0.627 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, 14, 74 | Buy |
| MACD | 2, 2 | Buy |
| Stochastics | 95 | Buy |
| CCI | 112 | Buy |
| RSI | 70 | Buy |
| OBV | 13500 | Sell |
| VWAP | 9 | Buy |
| ADL | 0 | Sell |
| ROC | 54 | 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 coming down
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 buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.94 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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