(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 2022-09-09 View latest technical analysis
10 day averaged volume of Modern Steel is 7162
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Sep 2022 | 17.00 | 17.80 | 17.95 | 16.55 | 0.293 times |
| 08 Thu Sep 2022 | 16.90 | 17.80 | 17.80 | 16.45 | 0.294 times |
| 07 Wed Sep 2022 | 17.20 | 16.50 | 17.80 | 16.00 | 0.539 times |
| 06 Tue Sep 2022 | 16.10 | 16.00 | 16.90 | 16.00 | 0.092 times |
| 05 Mon Sep 2022 | 16.50 | 16.55 | 17.90 | 15.60 | 0.63 times |
| 02 Fri Sep 2022 | 16.85 | 15.10 | 17.00 | 15.10 | 2 times |
| 01 Thu Sep 2022 | 15.55 | 15.30 | 15.75 | 15.05 | 0.568 times |
| 30 Tue Aug 2022 | 15.30 | 16.50 | 16.50 | 14.75 | 2.524 times |
| 29 Mon Aug 2022 | 15.80 | 17.20 | 17.20 | 15.50 | 2.455 times |
| 26 Fri Aug 2022 | 17.25 | 18.00 | 18.00 | 17.20 | 0.111 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 17.06 and if the stock hits stoploss, then it can shoot up till 17.96
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 | 17.95 |
| 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 | 15.75 |
| Downside Intraday Target | 14.5 |
| Upside Intraday Target | 18.1 |
| Upside Intraday Target | 19.2 |
| Downside Intraday Target | 16.85 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Sep 2022 | 17.00 | 16.55 | 17.95 | 15.60 | 0.245 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 |
| 09 Fri Sep 2022 | 17.00 | 15.30 | 17.95 | 15.05 | 0.168 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, 12, 26 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 67 | None |
| CCI | 78 | Buy |
| RSI | 49 | Sell |
| OBV | -19873 | Sell |
| VWAP | 16 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 gaining 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 moving up
CCI has generated a buy signal for Modern Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 16.09 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.
Click here for Modern Steel charts
Click here for further forecast and predictions for tomorrow