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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 2022-06-16 View latest technical analysis

10 day averaged volume of Modern Steel is 1370

Date Daily Closing Price Open High Low Volume
16 Thu Jun 2022 18.25 18.25 18.35 18.25 0.436 times
15 Wed Jun 2022 18.35 18.00 18.35 18.00 0.799 times
14 Tue Jun 2022 17.85 17.80 18.75 17.00 0.666 times
13 Mon Jun 2022 17.75 19.20 19.20 17.40 1.34 times
10 Fri Jun 2022 19.25 19.00 19.25 18.25 0.986 times
09 Thu Jun 2022 20.00 20.45 20.70 18.50 0.799 times
08 Wed Jun 2022 20.00 20.45 20.45 18.30 1.108 times
07 Tue Jun 2022 19.85 20.70 20.80 18.40 0.849 times
06 Mon Jun 2022 20.30 20.80 20.80 19.35 1.397 times
03 Fri Jun 2022 20.35 21.65 21.65 20.35 1.127 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.4, but if it comes above 18.4, then a intra day buy could be more profitable.
If you take a sell trade below 18.4, then use 18.4 as stoploss and 17.1 as target. However if you take a buy trade in stock , then use 18.4 as stoploss and 19.4 as target.

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
Upside Target 19.20
Upside Target 20.80
Upside Target 21.65
Upside Target 22.50
Upside Target 23.75
Upside Target 26.10
Upside Target 30.15

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 17.1
Downside Intraday Target 15.95
Upside Intraday Target 19.3
Upside Intraday Target 20.35
Downside Intraday Target 18.15

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
16 Thu Jun 2022 18.25 19.20 19.20 17.00 0.631 times
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

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
16 Thu Jun 2022 18.25 20.05 21.65 17.00 0.136 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 12, 23, 31 Sell
MACD -1, -1Sell
Stochastics 25Sell
CCI -67Buy
RSI 48Sell
OBV -7305Sell
VWAP 19Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is

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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.

Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Modern Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 19.31 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 negative.

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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