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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 2022-09-06 View latest technical analysis

10 day averaged volume of Modern Steel is 9240

Date Daily Closing Price Open High Low Volume
06 Tue Sep 2022 16.10 16.00 16.90 16.00 0.072 times
05 Mon Sep 2022 16.50 16.55 17.90 15.60 0.489 times
02 Fri Sep 2022 16.85 15.10 17.00 15.10 1.55 times
01 Thu Sep 2022 15.55 15.30 15.75 15.05 0.44 times
30 Tue Aug 2022 15.30 16.50 16.50 14.75 1.957 times
29 Mon Aug 2022 15.80 17.20 17.20 15.50 1.903 times
26 Fri Aug 2022 17.25 18.00 18.00 17.20 0.086 times
25 Thu Aug 2022 17.25 17.90 18.10 17.20 0.608 times
24 Wed Aug 2022 17.90 17.65 18.40 17.00 0.506 times
23 Tue Aug 2022 17.65 19.00 19.00 17.10 0.845 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.2, but if it comes above 16.2, then a intra day buy could be more profitable.
If you take a sell trade below 16.2, then use 16.2 as stoploss and 14.9 as target. However if you take a buy trade in stock , then use 16.2 as stoploss and 17.29 as target.

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
Upside 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 15.17
Downside Intraday Target 14.23
Upside Intraday Target 17.47
Upside Intraday Target 18.83
Upside Intraday Target 16.53

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
06 Tue Sep 2022 16.10 16.55 17.90 15.60 0.096 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
06 Tue Sep 2022 16.10 15.30 17.90 15.05 0.125 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 21, 16, 14 Buy
MACD -1, -1Sell
Stochastics 34None
CCI -33Sell
RSI 48Sell
OBV -22883Sell
VWAP 16Sell
ADL 0Sell
ROC -6Sell
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 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 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 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 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 SELL signal for Modern Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 16.34 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

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Daily charts

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Daily chart

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