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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 2022-07-04 View latest technical analysis

10 day averaged volume of Modern Steel is 3654

Date Daily Closing Price Open High Low Volume
04 Mon Jul 2022 17.65 18.50 19.35 15.95 1.691 times
01 Fri Jul 2022 17.70 20.05 20.05 17.70 2.125 times
30 Thu Jun 2022 19.65 19.80 19.80 19.20 0.091 times
29 Wed Jun 2022 18.10 20.50 20.50 18.10 0.156 times
28 Tue Jun 2022 18.90 18.15 18.90 18.15 0.122 times
27 Mon Jun 2022 18.15 19.00 19.20 17.40 2.235 times
24 Fri Jun 2022 19.30 19.70 19.70 19.00 0.418 times
23 Thu Jun 2022 19.30 19.30 19.30 19.30 0.091 times
22 Wed Jun 2022 19.30 21.45 21.45 19.25 0.125 times
21 Tue Jun 2022 19.95 19.70 20.15 18.75 0.819 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.8, but if it comes above 17.8, then a intra day buy could be more profitable.
If you take a sell trade below 17.8, then use 17.8 as stoploss and 16.7 as target. However if you take a buy trade in stock , then use 17.8 as stoploss and 18.72 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.67
Downside Target 15.95
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 15.95
Downside Intraday Target 14.25
Upside Intraday Target 19.35
Upside Intraday Target 21.05
Downside Intraday Target 17.65

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
04 Mon Jul 2022 17.65 18.50 19.35 15.95 0.358 times
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

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
04 Mon Jul 2022 17.65 20.05 20.05 15.95 0.297 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 18, 32, 27 Sell
MACD -1, -1Sell
Stochastics 39None
CCI -150Sell
RSI 52Buy
OBV -9148Sell
VWAP 18Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 18.23 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.

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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