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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 2022-01-14 View latest technical analysis

10 day averaged volume of Modern Steel is 14668

Date Daily Closing Price Open High Low Volume
14 Fri Jan 2022 9.75 9.75 9.75 9.75 0.427 times
13 Thu Jan 2022 10.26 11.34 11.34 10.26 0.728 times
12 Wed Jan 2022 10.80 11.08 11.08 10.80 1.483 times
11 Tue Jan 2022 10.56 10.56 10.56 9.56 2.545 times
10 Mon Jan 2022 10.06 9.80 10.08 9.65 1.81 times
07 Fri Jan 2022 9.60 10.10 10.10 9.60 2.115 times
06 Thu Jan 2022 9.62 9.62 9.62 9.62 0.079 times
05 Wed Jan 2022 9.17 9.17 9.17 9.17 0.111 times
04 Tue Jan 2022 8.74 8.74 8.74 8.74 0.085 times
03 Mon Jan 2022 8.33 8.33 8.33 8.33 0.114 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 9.9 as stoploss in an intra day sell trade for a target of 8.07. However, stock will show a bullish move above 9.9.

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
Upside Target 10.10
Upside Target 11.34

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 9.09
Downside Intraday Target 8.44
Upside Intraday Target 10.87
Upside Intraday Target 12
Upside Intraday Target 10.22

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
14 Fri Jan 2022 9.75 9.80 11.34 9.56 2.793 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
14 Fri Jan 2022 9.75 8.33 11.34 8.33 2.38 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 58, 28, 35 Buy
MACD 3, 2Buy
Stochastics 69None
CCI 5Sell
RSI 62Buy
OBV 76181Sell
VWAP 10Sell
ADL 0Sell
ROC 23Buy
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 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.

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 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 10.16 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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