(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)
10 day averaged volume of Modern Steel is 2551
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri Mar 2023 | 13.12 | 14.00 | 14.00 | 13.00 | 1.877 times |
| 29 Wed Mar 2023 | 12.85 | 13.11 | 13.11 | 12.44 | 1.504 times |
| 28 Tue Mar 2023 | 13.44 | 14.60 | 14.90 | 12.30 | 3.127 times |
| 27 Mon Mar 2023 | 14.25 | 13.65 | 14.79 | 12.00 | 2.601 times |
| 24 Fri Mar 2023 | 12.42 | 13.80 | 13.80 | 12.40 | 0.965 times |
| 23 Thu Mar 2023 | 13.52 | 13.25 | 13.75 | 13.25 | 0.102 times |
| 22 Wed Mar 2023 | 13.18 | 12.12 | 14.60 | 12.12 | 0.452 times |
| 21 Tue Mar 2023 | 13.40 | 13.59 | 13.59 | 12.61 | 0.366 times |
| 20 Mon Mar 2023 | 13.59 | 13.10 | 13.68 | 13.10 | 0.174 times |
| 17 Fri Mar 2023 | 13.37 | 13.75 | 14.29 | 13.16 | 0.286 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 13.1 as stoploss in an intra day buy trade for a target of 13.64. However, stock will show a bearish move below 13.1.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 10.63 |
| Downside Target | 11.55 |
| Downside Target | 12.00 |
| Downside Target | 12.40 |
| Upside Target | 13.35 |
| Upside Target | 14.10 |
| Upside Target | 14.40 |
| Upside Target | 14.90 |
| Upside Target | 14.98 |
| Upside Target | 15.00 |
| Upside Target | 15.95 |
| Upside Target | 17.30 |
| Upside Target | 19.00 |
| Upside Target | 19.80 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 11.78 |
| Downside Intraday Target | 10.44 |
| Upside Intraday Target | 14.68 |
| Upside Intraday Target | 16.24 |
| Upside Intraday Target | 13.34 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri Mar 2023 | 13.12 | 13.65 | 14.90 | 12.00 | 4.424 times |
| 24 Fri Mar 2023 | 12.42 | 13.10 | 14.60 | 12.12 | 0.464 times |
| 17 Fri Mar 2023 | 13.37 | 13.95 | 14.40 | 11.55 | 1.534 times |
| 10 Fri Mar 2023 | 13.95 | 14.75 | 14.98 | 12.01 | 1.191 times |
| 03 Fri Mar 2023 | 14.47 | 15.95 | 15.95 | 13.52 | 1.059 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 |
| 31 Fri Mar 2023 | 13.12 | 14.94 | 14.98 | 11.55 | 0.967 times |
| 28 Tue Feb 2023 | 14.93 | 16.21 | 19.80 | 14.10 | 0.468 times |
| 31 Tue Jan 2023 | 14.86 | 14.99 | 19.00 | 13.35 | 1.365 times |
| 30 Fri Dec 2022 | 14.45 | 13.90 | 15.00 | 10.63 | 0.951 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 | 19, 16, 8 | Buy |
| MACD | -1, -1 | Sell |
| Stochastics | 41 | None |
| CCI | 11 | Buy |
| RSI | 54 | Buy |
| OBV | -14030 | Sell |
| VWAP | 13 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| 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
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short to mid 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 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 losing 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 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 but buying is losing 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 13.4 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.
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