(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 2458
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Wed Mar 2023 | 12.85 | 13.11 | 13.11 | 12.44 | 1.561 times |
| 28 Tue Mar 2023 | 13.44 | 14.60 | 14.90 | 12.30 | 3.246 times |
| 27 Mon Mar 2023 | 14.25 | 13.65 | 14.79 | 12.00 | 2.699 times |
| 24 Fri Mar 2023 | 12.42 | 13.80 | 13.80 | 12.40 | 1.001 times |
| 23 Thu Mar 2023 | 13.52 | 13.25 | 13.75 | 13.25 | 0.106 times |
| 22 Wed Mar 2023 | 13.18 | 12.12 | 14.60 | 12.12 | 0.469 times |
| 21 Tue Mar 2023 | 13.40 | 13.59 | 13.59 | 12.61 | 0.38 times |
| 20 Mon Mar 2023 | 13.59 | 13.10 | 13.68 | 13.10 | 0.181 times |
| 17 Fri Mar 2023 | 13.37 | 13.75 | 14.29 | 13.16 | 0.297 times |
| 16 Thu Mar 2023 | 13.75 | 14.40 | 14.40 | 13.20 | 0.437 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.2, but if it comes above 13.2, then a intra day buy could be more profitable.
If you take a sell trade below 13.2, then use 13.2 as stoploss and 12.5 as target. However if you take a buy trade in stock , then use 13.2 as stoploss and 13.72 as target.
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 | 11.6 |
| Downside Intraday Target | 10.35 |
| Upside Intraday Target | 14.5 |
| Upside Intraday Target | 16.15 |
| Upside Intraday Target | 13.25 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Wed Mar 2023 | 12.85 | 13.65 | 14.90 | 12.00 | 3.512 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 |
| 29 Wed Mar 2023 | 12.85 | 14.94 | 14.98 | 11.55 | 0.877 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 | 14, 18, 13 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 56 | None |
| CCI | -144 | Sell |
| RSI | 55 | Buy |
| OBV | -20241 | Sell |
| VWAP | 13 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 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 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. Bulls 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 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 13.46 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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