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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 2022-09-08 View latest technical analysis

10 day averaged volume of Modern Steel is 7419

Date Daily Closing Price Open High Low Volume
08 Thu Sep 2022 16.90 17.80 17.80 16.45 0.284 times
07 Wed Sep 2022 17.20 16.50 17.80 16.00 0.521 times
06 Tue Sep 2022 16.10 16.00 16.90 16.00 0.089 times
05 Mon Sep 2022 16.50 16.55 17.90 15.60 0.608 times
02 Fri Sep 2022 16.85 15.10 17.00 15.10 1.931 times
01 Thu Sep 2022 15.55 15.30 15.75 15.05 0.548 times
30 Tue Aug 2022 15.30 16.50 16.50 14.75 2.437 times
29 Mon Aug 2022 15.80 17.20 17.20 15.50 2.37 times
26 Fri Aug 2022 17.25 18.00 18.00 17.20 0.107 times
25 Thu Aug 2022 17.25 17.90 18.10 17.20 0.758 times

My analysis of stock is bearish for shortterm, and stock might move down till 16.2 or till 15.1. Use a stoploss of 17.08 and if the stock hits stoploss, then it can shoot up till 17.98

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 15.7
Downside Intraday Target 14.5
Upside Intraday Target 18
Upside Intraday Target 19.1
Downside Intraday Target 16.8

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
08 Thu Sep 2022 16.90 16.55 17.90 15.60 0.206 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 up 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
08 Thu Sep 2022 16.90 15.30 17.90 15.05 0.157 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, 13, 25 Buy
MACD -1, -1Buy
Stochastics 54None
CCI 56Buy
RSI 52Buy
OBV -20361Sell
VWAP 16Buy
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Modern Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 buy signal for Modern Steel in short term and BUY 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 16.15 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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Daily charts

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