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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)

10 day averaged volume of Modern Steel is 3473

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 14.52 15.76 16.25 13.35 2.407 times
25 Wed Jan 2023 15.76 16.50 16.50 15.72 0.162 times
24 Tue Jan 2023 16.06 16.00 16.48 15.60 0.427 times
23 Mon Jan 2023 16.00 17.50 17.50 14.21 1.601 times
20 Fri Jan 2023 15.59 15.31 15.99 15.31 0.22 times
19 Thu Jan 2023 15.65 16.18 16.98 15.16 0.621 times
18 Wed Jan 2023 16.18 16.62 16.99 15.65 0.848 times
17 Tue Jan 2023 16.14 16.68 17.85 15.02 2.442 times
16 Mon Jan 2023 16.66 15.86 16.88 14.15 1.301 times
13 Fri Jan 2023 15.40 16.61 16.99 15.05 1.688 times

Stock of Modern Steel (ModernSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.6, but if it comes above 14.6, then a intra day buy could be more profitable.
If you take a sell trade below 14.6, then use 14.6 as stoploss and 13.6 as target. However if you take a buy trade in stock , then use 14.6 as stoploss and 15.51 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.63
Downside Target 12.40
Downside Target 13.35
Downside Target 14.15
Upside Target 14.55
Upside Target 17.30
Upside Target 17.50
Upside Target 17.85
Upside Target 19.00
Upside Target 19.50
Upside Target 21.45

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 12.75
Downside Intraday Target 10.97
Upside Intraday Target 16.9
Upside Intraday Target 19.27
Upside Intraday Target 15.12

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 14.52 17.50 17.50 13.35 0.846 times
20 Fri Jan 2023 15.59 15.86 17.85 14.15 0.33 times
13 Fri Jan 2023 15.40 14.98 19.00 14.15 4.168 times
06 Fri Jan 2023 14.98 14.99 14.99 13.55 0.332 times
30 Fri Dec 2022 14.45 15.00 15.00 10.63 2.89 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
27 Fri Jan 2023 14.52 14.99 19.00 13.35 1.277 times
30 Fri Dec 2022 14.45 13.90 15.00 10.63 0.951 times
30 Wed Nov 2022 13.95 16.25 17.30 12.40 1.355 times
31 Mon Oct 2022 16.00 17.30 19.50 14.75 0.37 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Modern Steel (ModernSteel)

Indicator Name Indicator Value Indicator Signal
ADX 18, 23, 12 Sell
MACD 0, 1Sell
Stochastics 36None
CCI -271Sell
RSI 50Buy
OBV 34125Sell
VWAP 16Sell
ADL 0Sell
ROC -12Sell
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 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

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 SELL. 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 15.7 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.

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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