(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 2022-01-21 View latest technical analysis
10 day averaged volume of Modern Steel is 21749
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jan 2022 | 8.92 | 9.27 | 9.73 | 8.81 | 0.36 times |
| 20 Thu Jan 2022 | 9.27 | 8.75 | 9.30 | 8.46 | 0.854 times |
| 19 Wed Jan 2022 | 8.90 | 9.15 | 9.15 | 8.49 | 0.759 times |
| 18 Tue Jan 2022 | 8.93 | 9.73 | 9.73 | 8.81 | 2.077 times |
| 17 Mon Jan 2022 | 9.27 | 9.95 | 9.95 | 9.27 | 0.169 times |
| 14 Fri Jan 2022 | 9.75 | 9.75 | 9.75 | 9.75 | 0.288 times |
| 13 Thu Jan 2022 | 10.26 | 11.34 | 11.34 | 10.26 | 0.491 times |
| 12 Wed Jan 2022 | 10.80 | 11.08 | 11.08 | 10.80 | 1 times |
| 11 Tue Jan 2022 | 10.56 | 10.56 | 10.56 | 9.56 | 1.716 times |
| 10 Mon Jan 2022 | 10.06 | 9.80 | 10.08 | 9.65 | 1.221 times |
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 | 5.15 |
| Downside Target | 6.24 |
| Downside Target | 6.55 |
| Downside Target | 7.94 |
| Downside Target | 8.33 |
| Upside Target | 9.56 |
| Upside Target | 9.95 |
| Upside Target | 10.10 |
| Upside Target | 11.34 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 8.27 |
| Downside Intraday Target | 7.62 |
| Upside Intraday Target | 9.76 |
| Upside Intraday Target | 10.6 |
| Upside Intraday Target | 9.11 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jan 2022 | 8.92 | 9.95 | 9.95 | 8.46 | 0.895 times |
| 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 |
Price has moved down 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 |
| 21 Fri Jan 2022 | 8.92 | 8.33 | 11.34 | 8.33 | 3.947 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 | 35, 27, 13 | Buy |
| MACD | 2, 2 | Sell |
| Stochastics | 20 | Sell |
| CCI | -64 | Buy |
| RSI | 59 | Buy |
| OBV | 7144 | Sell |
| VWAP | 10 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a mid to longer term time period is
ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Modern Steel in short term but the sell signal is initial and weak.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY 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 9.74 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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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