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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 5548

Date Daily Closing Price Open High Low Volume
25 Wed Jan 2023 15.76 16.50 16.50 15.72 0.102 times
24 Tue Jan 2023 16.06 16.00 16.48 15.60 0.267 times
23 Mon Jan 2023 16.00 17.50 17.50 14.21 1.002 times
20 Fri Jan 2023 15.59 15.31 15.99 15.31 0.138 times
19 Thu Jan 2023 15.65 16.18 16.98 15.16 0.389 times
18 Wed Jan 2023 16.18 16.62 16.99 15.65 0.531 times
17 Tue Jan 2023 16.14 16.68 17.85 15.02 1.529 times
16 Mon Jan 2023 16.66 15.86 16.88 14.15 0.814 times
13 Fri Jan 2023 15.40 16.61 16.99 15.05 1.057 times
12 Thu Jan 2023 16.48 17.85 17.85 16.04 0.432 times

My analysis of stock is bullish for shortterm, and stock might move up till 16.4 or till 17.4. Use a stoploss of 15.5 and if this stock hits its stoploss, then it can fall down till 14.62

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.63
Downside Target 12.40
Downside Target 13.55
Downside Target 14.15
Downside 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 14.15
Downside Intraday Target 12.53
Upside Intraday Target 17.44
Upside Intraday Target 19.11
Upside Intraday Target 15.82

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
25 Wed Jan 2023 15.76 17.50 17.50 14.21 0.403 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 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
25 Wed Jan 2023 15.76 14.99 19.00 13.55 1.176 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 21, 11, 31 Buy
MACD 1, 1Sell
Stochastics 40None
CCI -19Sell
RSI 55Buy
OBV 49846Sell
VWAP 16Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

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 and the buying is gaining 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 16.04 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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Daily charts

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Daily chart

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