(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 2022-09-05 View latest technical analysis
10 day averaged volume of Modern Steel is 11430
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Sep 2022 | 16.50 | 16.55 | 17.90 | 15.60 | 0.395 times |
| 02 Fri Sep 2022 | 16.85 | 15.10 | 17.00 | 15.10 | 1.253 times |
| 01 Thu Sep 2022 | 15.55 | 15.30 | 15.75 | 15.05 | 0.356 times |
| 30 Tue Aug 2022 | 15.30 | 16.50 | 16.50 | 14.75 | 1.582 times |
| 29 Mon Aug 2022 | 15.80 | 17.20 | 17.20 | 15.50 | 1.538 times |
| 26 Fri Aug 2022 | 17.25 | 18.00 | 18.00 | 17.20 | 0.07 times |
| 25 Thu Aug 2022 | 17.25 | 17.90 | 18.10 | 17.20 | 0.492 times |
| 24 Wed Aug 2022 | 17.90 | 17.65 | 18.40 | 17.00 | 0.409 times |
| 23 Tue Aug 2022 | 17.65 | 19.00 | 19.00 | 17.10 | 0.683 times |
| 22 Mon Aug 2022 | 17.15 | 16.90 | 18.00 | 16.80 | 1.306 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 16.3 as stoploss in an intra day buy trade for a target of 17.42. However, stock will show a bearish move below 16.3.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 14.55 |
| Downside Target | 15.05 |
| Downside Target | 15.60 |
| Downside Target | 15.95 |
| Downside Target | 16.50 |
| Upside Target | 17.90 |
| Upside Target | 19.00 |
| Upside Target | 20.05 |
| Upside Target | 20.20 |
| Upside Target | 21.65 |
| Upside Target | 22.10 |
| Upside Target | 26.10 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 15.43 |
| Downside Intraday Target | 14.37 |
| Upside Intraday Target | 17.73 |
| Upside Intraday Target | 18.97 |
| Upside Intraday Target | 16.67 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Sep 2022 | 16.50 | 16.55 | 17.90 | 15.60 | 0.084 times |
| 02 Fri Sep 2022 | 16.85 | 17.20 | 17.20 | 14.75 | 1.598 times |
| 26 Fri Aug 2022 | 17.25 | 16.90 | 19.00 | 16.80 | 0.605 times |
| 19 Fri Aug 2022 | 18.40 | 18.00 | 22.10 | 17.00 | 2.894 times |
| 12 Fri Aug 2022 | 16.85 | 19.40 | 20.20 | 14.55 | 0.442 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 |
| 05 Mon Sep 2022 | 16.50 | 15.30 | 17.90 | 15.05 | 0.122 times |
| 30 Tue Aug 2022 | 15.30 | 19.00 | 22.10 | 14.55 | 2.384 times |
| 29 Fri Jul 2022 | 17.75 | 20.05 | 20.05 | 15.95 | 1.682 times |
| 30 Thu Jun 2022 | 19.65 | 20.05 | 21.65 | 16.50 | 0.359 times |
Scroll below to view daily charts
Price has moved up 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 | 22, 16, 14 | Buy |
| MACD | -1, -1 | Sell |
| Stochastics | 27 | Sell |
| CCI | -12 | Buy |
| RSI | 47 | Sell |
| OBV | -13298 | Sell |
| VWAP | 16 | Buy |
| ADL | 0 | Sell |
| ROC | -10 | 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 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 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 SELL signal for Modern Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Modern Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 16.47 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 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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