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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 2022-01-13 View latest technical analysis

10 day averaged volume of Modern Steel is 13685

Date Daily Closing Price Open High Low Volume
13 Thu Jan 2022 10.26 11.34 11.34 10.26 0.78 times
12 Wed Jan 2022 10.80 11.08 11.08 10.80 1.589 times
11 Tue Jan 2022 10.56 10.56 10.56 9.56 2.727 times
10 Mon Jan 2022 10.06 9.80 10.08 9.65 1.94 times
07 Fri Jan 2022 9.60 10.10 10.10 9.60 2.267 times
06 Thu Jan 2022 9.62 9.62 9.62 9.62 0.084 times
05 Wed Jan 2022 9.17 9.17 9.17 9.17 0.119 times
04 Tue Jan 2022 8.74 8.74 8.74 8.74 0.091 times
03 Mon Jan 2022 8.33 8.33 8.33 8.33 0.122 times
31 Fri Dec 2021 7.94 7.94 7.94 7.94 0.998 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 9.7, but if it comes below 9.7, then a intra day sell could be more profitable.
If you take a sell trade below 9.7, then use 9.7 as stoploss and 7.83 as target. However if you take a buy trade in stock , then use 9.7 as stoploss and 12 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 4.55
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 9.56
Downside Target 10.10
Upside Target 11.34

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 9.43
Downside Intraday Target 8.61
Upside Intraday Target 11.21
Upside Intraday Target 12.17
Upside Intraday Target 10.39

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
13 Thu Jan 2022 10.26 9.80 11.34 9.56 2.622 times
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

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
13 Thu Jan 2022 10.26 8.33 11.34 8.33 2.273 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Modern Steel (ModernSteel)

Indicator Name Indicator Value Indicator Signal
ADX 64, 20, 52 Buy
MACD 3, 2Buy
Stochastics 87Buy
CCI 93Sell
RSI 66Buy
OBV 84940Sell
VWAP 10Buy
ADL 0Sell
ROC 36Buy
Force Index 0Sell

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 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 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 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 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 SELL signal for Modern Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 9.97 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

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Daily charts

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