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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 2022-09-14 View latest technical analysis

10 day averaged volume of Modern Steel is 6382

Date Daily Closing Price Open High Low Volume
14 Wed Sep 2022 18.40 18.85 18.85 18.35 2.284 times
13 Tue Sep 2022 18.00 17.00 19.00 16.00 1.723 times
12 Mon Sep 2022 17.00 17.00 17.65 16.90 0.487 times
09 Fri Sep 2022 17.00 17.80 17.95 16.55 0.329 times
08 Thu Sep 2022 16.90 17.80 17.80 16.45 0.33 times
07 Wed Sep 2022 17.20 16.50 17.80 16.00 0.605 times
06 Tue Sep 2022 16.10 16.00 16.90 16.00 0.104 times
05 Mon Sep 2022 16.50 16.55 17.90 15.60 0.707 times
02 Fri Sep 2022 16.85 15.10 17.00 15.10 2.245 times
01 Thu Sep 2022 15.55 15.30 15.75 15.05 0.637 times

Stock of Modern Steel (ModernSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.1, but if it comes below 18.1, then a intra day sell could be more profitable.
If you take a sell trade below 18.1, then use 18.1 as stoploss and 17.16 as target. However if you take a buy trade in stock , then use 18.1 as stoploss and 19.3 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
Downside Target 16.50
Downside Target 17.95
Upside Target 19.00
Upside Target 20.05
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 16.6
Downside Intraday Target 14.8
Upside Intraday Target 19.6
Upside Intraday Target 20.8
Downside Intraday Target 17.8

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
14 Wed Sep 2022 18.40 17.00 19.00 16.00 2.166 times
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

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
14 Wed Sep 2022 18.40 15.30 19.00 15.05 0.32 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 23, 9, 43 Buy
MACD -0, -1Buy
Stochastics 77Buy
CCI 179Buy
RSI 50Sell
OBV 2055Sell
VWAP 17Buy
ADL 0Sell
ROC 20Buy
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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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

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 17.35 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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

Daily charts

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