(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, 1 | Sell |
| Stochastics | 36 | None |
| CCI | -271 | Sell |
| RSI | 50 | Buy |
| OBV | 34125 | Sell |
| VWAP | 16 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | Sell |
| Force Index | 0 | Sell |
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.
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