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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)

Showing technical analysis as on 2022-06-07 View latest technical analysis

10 day averaged volume of Modern Steel is 3214

Date Daily Closing Price Open High Low Volume
07 Tue Jun 2022 19.85 20.70 20.80 18.40 0.362 times
06 Mon Jun 2022 20.30 20.80 20.80 19.35 0.596 times
03 Fri Jun 2022 20.35 21.65 21.65 20.35 0.48 times
02 Thu Jun 2022 21.35 19.65 21.35 19.55 0.397 times
01 Wed Jun 2022 20.35 20.05 20.40 18.60 1.098 times
31 Tue May 2022 19.45 19.45 19.45 17.80 0.515 times
30 Mon May 2022 18.55 17.00 18.55 17.00 1.555 times
27 Fri May 2022 17.70 18.60 19.25 17.70 1.196 times
26 Thu May 2022 18.60 19.95 19.95 18.60 1.057 times
25 Wed May 2022 19.55 19.60 20.80 19.10 2.607 times

My analysis of stock is bearish for shortterm, and stock might move down till 19 or till 17.9. Use a stoploss of 19.97 and if the stock hits stoploss, then it can shoot up till 20.9

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 8.95
Downside Target 10.67
Downside Target 15.81
Downside Target 17.00
Downside Target 17.70
Downside Target 18.40
Downside Target 19.25
Upside Target 20.80
Upside Target 21.65
Upside Target 22.50
Upside Target 23.75
Upside Target 23.85
Upside Target 26.10
Upside Target 30.15

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 18.57
Downside Intraday Target 17.28
Upside Intraday Target 20.97
Upside Intraday Target 22.08
Downside Intraday Target 19.68

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
07 Tue Jun 2022 19.85 20.80 20.80 18.40 0.237 times
03 Fri Jun 2022 20.35 17.00 21.65 17.00 0.522 times
27 Fri May 2022 17.70 20.45 21.20 17.70 0.745 times
20 Fri May 2022 19.85 18.55 22.50 18.55 1.266 times
13 Fri May 2022 19.50 22.00 23.85 19.35 0.667 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
07 Tue Jun 2022 19.85 20.05 21.65 18.40 0.072 times
31 Tue May 2022 19.45 26.10 26.10 17.00 0.402 times
29 Fri Apr 2022 24.90 24.90 30.15 19.25 0.993 times
31 Thu Mar 2022 23.75 10.87 23.75 10.67 1.313 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 20, 27, 15 Sell
MACD -0, -0Buy
Stochastics 68None
CCI 14Sell
RSI 54Buy
OBV -3790Sell
VWAP 19Buy
ADL 0Sell
ROC -0Sell
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 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 short to mid 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 mid to longer 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.

ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Modern Steel in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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 19.32 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.

Click here for Modern Steel charts

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Daily charts

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