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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 3885

Date Daily Closing Price Open High Low Volume
31 Tue Jan 2023 14.86 15.50 15.50 14.36 0.851 times
30 Mon Jan 2023 14.56 15.50 15.50 14.00 1.034 times
27 Fri Jan 2023 14.52 15.76 16.25 13.35 2.152 times
25 Wed Jan 2023 15.76 16.50 16.50 15.72 0.145 times
24 Tue Jan 2023 16.06 16.00 16.48 15.60 0.381 times
23 Mon Jan 2023 16.00 17.50 17.50 14.21 1.431 times
20 Fri Jan 2023 15.59 15.31 15.99 15.31 0.196 times
19 Thu Jan 2023 15.65 16.18 16.98 15.16 0.555 times
18 Wed Jan 2023 16.18 16.62 16.99 15.65 0.758 times
17 Tue Jan 2023 16.14 16.68 17.85 15.02 2.183 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.7 as stoploss in an intra day buy trade for a target of 15.54. However, stock will show a bearish move below 14.7.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.63
Downside Target 12.40
Downside Target 13.35
Downside Target 14.00
Downside Target 14.55
Upside Target 15.50
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 14.07
Downside Intraday Target 13.29
Upside Intraday Target 15.57
Upside Intraday Target 16.29
Downside Intraday Target 14.79

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
31 Tue Jan 2023 14.86 15.50 15.50 14.00 0.459 times
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

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
31 Tue Jan 2023 14.86 14.99 19.00 13.35 1.365 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 15, 19, 12 Sell
MACD 0, 0Sell
Stochastics 29Sell
CCI -93Buy
RSI 47Sell
OBV 44736Sell
VWAP 15Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

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 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 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Modern Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Modern Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.43 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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