(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 2022-01-24 View latest technical analysis
10 day averaged volume of Modern Steel is 19429
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Mon Jan 2022 | 8.75 | 9.36 | 9.36 | 8.48 | 0.387 times |
| 21 Fri Jan 2022 | 8.92 | 9.27 | 9.73 | 8.81 | 0.403 times |
| 20 Thu Jan 2022 | 9.27 | 8.75 | 9.30 | 8.46 | 0.956 times |
| 19 Wed Jan 2022 | 8.90 | 9.15 | 9.15 | 8.49 | 0.849 times |
| 18 Tue Jan 2022 | 8.93 | 9.73 | 9.73 | 8.81 | 2.325 times |
| 17 Mon Jan 2022 | 9.27 | 9.95 | 9.95 | 9.27 | 0.189 times |
| 14 Fri Jan 2022 | 9.75 | 9.75 | 9.75 | 9.75 | 0.322 times |
| 13 Thu Jan 2022 | 10.26 | 11.34 | 11.34 | 10.26 | 0.549 times |
| 12 Wed Jan 2022 | 10.80 | 11.08 | 11.08 | 10.80 | 1.119 times |
| 11 Tue Jan 2022 | 10.56 | 10.56 | 10.56 | 9.56 | 1.921 times |
My analysis of stock is bearish for shortterm, and stock might move down till 8 or till 6.8. Use a stoploss of 9.03 and if the stock hits stoploss, then it can shoot up till 10.06
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 | 6.55 |
| Downside Target | 7.94 |
| Downside Target | 8.33 |
| Upside Target | 9.36 |
| 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 | 8.37 |
| Downside Intraday Target | 7.98 |
| Upside Intraday Target | 9.25 |
| Upside Intraday Target | 9.74 |
| Upside Intraday Target | 8.86 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Mon Jan 2022 | 8.75 | 9.36 | 9.36 | 8.48 | 0.082 times |
| 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 |
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 |
| 24 Mon Jan 2022 | 8.75 | 8.33 | 11.34 | 8.33 | 4.076 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 | 30, 29, 3 | Buy |
| MACD | 2, 2 | Sell |
| Stochastics | 18 | Sell |
| CCI | -80 | Sell |
| RSI | 60 | Buy |
| OBV | -1365 | Sell |
| VWAP | 10 | Sell |
| ADL | 0 | Sell |
| ROC | -13 | 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak and stock is losing 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 getting stronger in this stock.
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 and SELL 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 9.65 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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