(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 2022-01-28 View latest technical analysis
10 day averaged volume of Modern Steel is 16960
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Fri Jan 2022 | 9.38 | 9.47 | 9.47 | 8.60 | 0.647 times |
| 27 Thu Jan 2022 | 9.02 | 9.16 | 9.34 | 8.46 | 2.743 times |
| 25 Tue Jan 2022 | 8.90 | 9.18 | 9.18 | 8.60 | 0.405 times |
| 24 Mon Jan 2022 | 8.75 | 9.36 | 9.36 | 8.48 | 0.443 times |
| 21 Fri Jan 2022 | 8.92 | 9.27 | 9.73 | 8.81 | 0.461 times |
| 20 Thu Jan 2022 | 9.27 | 8.75 | 9.30 | 8.46 | 1.095 times |
| 19 Wed Jan 2022 | 8.90 | 9.15 | 9.15 | 8.49 | 0.973 times |
| 18 Tue Jan 2022 | 8.93 | 9.73 | 9.73 | 8.81 | 2.663 times |
| 17 Mon Jan 2022 | 9.27 | 9.95 | 9.95 | 9.27 | 0.217 times |
| 14 Fri Jan 2022 | 9.75 | 9.75 | 9.75 | 9.75 | 0.369 times |
My analysis of stock is bullish for shortterm, and stock might move up till 10 or till 10.9. Use a stoploss of 9.31 and if this stock hits its stoploss, then it can fall down till 8.61
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 | 9.47 |
| 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 | 8.74 |
| Downside Intraday Target | 8.09 |
| Upside Intraday Target | 9.75 |
| Upside Intraday Target | 10.11 |
| Downside Intraday Target | 9.1 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Fri Jan 2022 | 9.38 | 9.36 | 9.47 | 8.46 | 0.784 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 up 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 |
| 28 Fri Jan 2022 | 9.38 | 8.33 | 11.34 | 8.33 | 5.175 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 | 26, 20, 13 | Buy |
| MACD | 1, 2 | Sell |
| Stochastics | 32 | None |
| CCI | 7 | Buy |
| RSI | 57 | Buy |
| OBV | 60126 | Sell |
| VWAP | 9 | Buy |
| ADL | 0 | Sell |
| ROC | -9 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up
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 9.05 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 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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