(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 2022-06-08 View latest technical analysis
10 day averaged volume of Modern Steel is 3170
|Date||Daily Closing Price||Open||High||Low||Volume|
|08 Wed Jun 2022||20.00||20.45||20.45||18.30||0.479 times|
|07 Tue Jun 2022||19.85||20.70||20.80||18.40||0.367 times|
|06 Mon Jun 2022||20.30||20.80||20.80||19.35||0.604 times|
|03 Fri Jun 2022||20.35||21.65||21.65||20.35||0.487 times|
|02 Thu Jun 2022||21.35||19.65||21.35||19.55||0.403 times|
|01 Wed Jun 2022||20.35||20.05||20.40||18.60||1.113 times|
|31 Tue May 2022||19.45||19.45||19.45||17.80||0.522 times|
|30 Mon May 2022||18.55||17.00||18.55||17.00||1.577 times|
|27 Fri May 2022||17.70||18.60||19.25||17.70||1.212 times|
|26 Thu May 2022||18.60||19.95||19.95||18.60||1.072 times|
My analysis of stock is bullish for shortterm, and stock might move up till 20.8 or till 21.8. Use a stoploss of 19.91 and if this stock hits its stoploss, then it can fall down till 19.03
Share price targets for Modern Steel (ModernSteel)
Intraday share price targets for Modern Steel (ModernSteel)
|Downside Intraday Target||18.6|
|Downside Intraday Target||17.2|
|Upside Intraday Target||21.1|
|Upside Intraday Target||22.2|
|Downside Intraday Target||19.7|
Weekly technical analysis of Modern Steel (ModernSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|08 Wed Jun 2022||20.00||20.80||20.80||18.30||0.353 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|
|08 Wed Jun 2022||20.00||20.05||21.65||18.30||0.084 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||18, 24, 15||Sell|
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 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 to mid 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 in or above the red cloud Prices appear to be moving up
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 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 19.28 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.