(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 2022-06-17 View latest technical analysis
10 day averaged volume of Modern Steel is 1303
|Date||Daily Closing Price||Open||High||Low||Volume|
|17 Fri Jun 2022||16.70||18.50||18.50||16.50||0.302 times|
|16 Thu Jun 2022||18.25||18.25||18.35||18.25||0.459 times|
|15 Wed Jun 2022||18.35||18.00||18.35||18.00||0.84 times|
|14 Tue Jun 2022||17.85||17.80||18.75||17.00||0.7 times|
|13 Mon Jun 2022||17.75||19.20||19.20||17.40||1.409 times|
|10 Fri Jun 2022||19.25||19.00||19.25||18.25||1.037 times|
|09 Thu Jun 2022||20.00||20.45||20.70||18.50||0.84 times|
|08 Wed Jun 2022||20.00||20.45||20.45||18.30||1.165 times|
|07 Tue Jun 2022||19.85||20.70||20.80||18.40||0.893 times|
|06 Mon Jun 2022||20.30||20.80||20.80||19.35||1.469 times|
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.6, for a target of 18.1 or 19.24
Share price targets for Modern Steel (ModernSteel)
Intraday share price targets for Modern Steel (ModernSteel)
|Downside Intraday Target||15.73|
|Downside Intraday Target||14.77|
|Upside Intraday Target||18.43|
|Upside Intraday Target||20.17|
|Upside Intraday Target||17.47|
Weekly technical analysis of Modern Steel (ModernSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|17 Fri Jun 2022||16.70||19.20||19.20||16.50||0.687 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|
|17 Fri Jun 2022||16.70||20.05||21.65||16.50||0.139 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||10, 31, 50||Sell|
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 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 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 gaining 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 getting stronger in this stock.
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 SELL signal in short term and selling is picking up 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 19.09 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.