(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 2022-06-24 View latest technical analysis
10 day averaged volume of Modern Steel is 2392
|Date||Daily Closing Price||Open||High||Low||Volume|
|24 Fri Jun 2022||19.30||19.70||19.70||19.00||0.638 times|
|23 Thu Jun 2022||19.30||19.30||19.30||19.30||0.139 times|
|22 Wed Jun 2022||19.30||21.45||21.45||19.25||0.191 times|
|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||5.832 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||0.457 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|
My analysis of stock is bullish for shortterm, and stock might move up till 20.3 or till 21.6. Use a stoploss of 19.23 and if this stock hits its stoploss, then it can fall down till 18.14
Share price targets for Modern Steel (ModernSteel)
Intraday share price targets for Modern Steel (ModernSteel)
|Downside Intraday Target||16.75|
|Downside Intraday Target||14.2|
|Upside Intraday Target||21.65|
|Upside Intraday Target||24|
|Downside Intraday Target||19.1|
Weekly technical analysis of Modern Steel (ModernSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|24 Fri Jun 2022||19.30||17.05||21.45||16.55||3.984 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|
|24 Fri Jun 2022||19.30||20.05||21.65||16.50||0.244 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 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||27, 21, 13||Buy|
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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 short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Weak and stock is gaining 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
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 but buying is losing 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 18.55 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.