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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 2022-06-21 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, -1Buy
Stochastics 43None
CCI 97Buy
RSI 52Buy
OBV 5901Sell
VWAP 19Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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.

Click here for Modern Steel charts

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Daily charts

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