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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 2022-06-10 View latest technical analysis

10 day averaged volume of Modern Steel is 2254

Date Daily Closing Price Open High Low Volume
10 Fri Jun 2022 19.25 19.00 19.25 18.25 0.599 times
09 Thu Jun 2022 20.00 20.45 20.70 18.50 0.486 times
08 Wed Jun 2022 20.00 20.45 20.45 18.30 0.673 times
07 Tue Jun 2022 19.85 20.70 20.80 18.40 0.516 times
06 Mon Jun 2022 20.30 20.80 20.80 19.35 0.849 times
03 Fri Jun 2022 20.35 21.65 21.65 20.35 0.685 times
02 Thu Jun 2022 21.35 19.65 21.35 19.55 0.567 times
01 Wed Jun 2022 20.35 20.05 20.40 18.60 1.566 times
31 Tue May 2022 19.45 19.45 19.45 17.80 0.734 times
30 Mon May 2022 18.55 17.00 18.55 17.00 2.217 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 19 as stoploss in an intra day buy trade for a target of 19.88. However, stock will show a bearish move below 19.

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 18.25
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 18.07
Downside Intraday Target 16.88
Upside Intraday Target 20.62
Upside Intraday Target 21.98
Upside Intraday Target 19.43

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
10 Fri Jun 2022 19.25 20.80 20.80 18.25 0.542 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
10 Fri Jun 2022 19.25 20.05 21.65 18.25 0.102 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 down 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, 21, 16 Sell
MACD -0, -0Sell
Stochastics 59None
CCI -77Sell
RSI 51Buy
OBV -10588Sell
VWAP 20Sell
ADL 0Sell
ROC 9Buy
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 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 SELL signal for Modern Steel in short term and the sell signal is strong.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 19.74 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.

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Daily charts

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