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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 2022-07-01 View latest technical analysis

10 day averaged volume of Modern Steel is 2917

Date Daily Closing Price Open High Low Volume
01 Fri Jul 2022 17.70 20.05 20.05 17.70 2.662 times
30 Thu Jun 2022 19.65 19.80 19.80 19.20 0.114 times
29 Wed Jun 2022 18.10 20.50 20.50 18.10 0.195 times
28 Tue Jun 2022 18.90 18.15 18.90 18.15 0.153 times
27 Mon Jun 2022 18.15 19.00 19.20 17.40 2.799 times
24 Fri Jun 2022 19.30 19.70 19.70 19.00 0.523 times
23 Thu Jun 2022 19.30 19.30 19.30 19.30 0.114 times
22 Wed Jun 2022 19.30 21.45 21.45 19.25 0.157 times
21 Tue Jun 2022 19.95 19.70 20.15 18.75 1.026 times
20 Mon Jun 2022 18.35 17.05 18.35 16.55 4.782 times

Stock of Modern Steel (ModernSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.9, but if it comes above 17.9, then a intra day buy could be more profitable.
If you take a sell trade below 17.9, then use 17.9 as stoploss and 16.7 as target. However if you take a buy trade in stock , then use 17.9 as stoploss and 18.85 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.67
Downside Target 16.50
Downside Target 17.00
Downside Target 17.40
Upside Target 18.25
Upside Target 19.20
Upside Target 20.05
Upside Target 20.50
Upside Target 21.45
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 16.57
Downside Intraday Target 15.43
Upside Intraday Target 19.67
Upside Intraday Target 21.63
Upside Intraday Target 18.53

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Jul 2022 17.70 19.00 20.50 17.40 0.897 times
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

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
01 Fri Jul 2022 17.70 20.05 20.05 17.70 0.165 times
30 Thu Jun 2022 19.65 20.05 21.65 16.50 0.306 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

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 23, 27, 9 Sell
MACD -1, -1Buy
Stochastics 40None
CCI -58Sell
RSI 50Sell
OBV -4513Sell
VWAP 18Sell
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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.

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 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

Stock of Modern Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.37 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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