(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 2022-06-21 View latest technical analysis
10 day averaged volume of Modern Steel is 2391
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Tue Jun 2022 | 19.95 | 19.70 | 20.15 | 18.75 | 1.251 times |
| 20 Mon Jun 2022 | 18.35 | 17.05 | 18.35 | 16.55 | 5.834 times |
| 17 Fri Jun 2022 | 16.70 | 18.50 | 18.50 | 16.50 | 0.165 times |
| 16 Thu Jun 2022 | 18.25 | 18.25 | 18.35 | 18.25 | 0.25 times |
| 15 Wed Jun 2022 | 18.35 | 18.00 | 18.35 | 18.00 | 0.458 times |
| 14 Tue Jun 2022 | 17.85 | 17.80 | 18.75 | 17.00 | 0.381 times |
| 13 Mon Jun 2022 | 17.75 | 19.20 | 19.20 | 17.40 | 0.768 times |
| 10 Fri Jun 2022 | 19.25 | 19.00 | 19.25 | 18.25 | 0.565 times |
| 09 Thu Jun 2022 | 20.00 | 20.45 | 20.70 | 18.50 | 0.458 times |
| 08 Wed Jun 2022 | 20.00 | 20.45 | 20.45 | 18.30 | 0.635 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 20.3 as stoploss in an intra day sell trade for a target of 19.13. However, stock will show a bullish move above 20.3.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 8.95 |
| Downside Target | 10.67 |
| Downside Target | 15.81 |
| Downside Target | 16.50 |
| Downside Target | 17.00 |
| Downside Target | 17.70 |
| Downside Target | 18.25 |
| Downside Target | 19.20 |
| Upside Target | 20.15 |
| Upside Target | 20.80 |
| Upside Target | 21.65 |
| 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 | 17.62 |
| Downside Intraday Target | 15.28 |
| Upside Intraday Target | 21.22 |
| Upside Intraday Target | 22.48 |
| Downside Intraday Target | 18.88 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Tue Jun 2022 | 19.95 | 17.05 | 20.15 | 16.55 | 3.505 times |
| 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Modern Steel (ModernSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Tue Jun 2022 | 19.95 | 20.05 | 21.65 | 16.50 | 0.229 times |
| 31 Tue May 2022 | 19.45 | 26.10 | 26.10 | 17.00 | 0.472 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, 24, 10 | Sell |
| MACD | -1, -1 | Buy |
| Stochastics | 43 | None |
| CCI | 97 | Buy |
| RSI | 52 | Buy |
| OBV | 5901 | Sell |
| VWAP | 19 | Buy |
| ADL | 0 | Sell |
| ROC | 1 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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 short 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 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 losing 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. Bears are weakening, and bulls 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 buy signal for Modern Steel in short term and BUY 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
Although the stock is in the SELL zone, but selling 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 18.66 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 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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