(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 2022-09-15 View latest technical analysis
10 day averaged volume of Modern Steel is 6032
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Sep 2022 | 18.00 | 18.05 | 19.00 | 16.65 | 0.521 times |
| 14 Wed Sep 2022 | 18.40 | 18.85 | 18.85 | 18.35 | 2.417 times |
| 13 Tue Sep 2022 | 18.00 | 17.00 | 19.00 | 16.00 | 1.823 times |
| 12 Mon Sep 2022 | 17.00 | 17.00 | 17.65 | 16.90 | 0.516 times |
| 09 Fri Sep 2022 | 17.00 | 17.80 | 17.95 | 16.55 | 0.348 times |
| 08 Thu Sep 2022 | 16.90 | 17.80 | 17.80 | 16.45 | 0.349 times |
| 07 Wed Sep 2022 | 17.20 | 16.50 | 17.80 | 16.00 | 0.64 times |
| 06 Tue Sep 2022 | 16.10 | 16.00 | 16.90 | 16.00 | 0.11 times |
| 05 Mon Sep 2022 | 16.50 | 16.55 | 17.90 | 15.60 | 0.748 times |
| 02 Fri Sep 2022 | 16.85 | 15.10 | 17.00 | 15.10 | 2.375 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 18.1 as stoploss in an intra day sell trade for a target of 17.16. However, stock will show a bullish move above 18.1.
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 | 16.33 |
| Downside Intraday Target | 14.67 |
| Upside Intraday Target | 19.33 |
| Upside Intraday Target | 20.67 |
| Downside Intraday Target | 17.67 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Sep 2022 | 18.00 | 17.00 | 19.00 | 16.00 | 2.404 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 |
| 15 Thu Sep 2022 | 18.00 | 15.30 | 19.00 | 15.05 | 0.337 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 | 20, 18, 5 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 79 | Buy |
| CCI | 92 | Sell |
| RSI | 51 | Buy |
| OBV | -13495 | Sell |
| VWAP | 18 | Buy |
| ADL | 0 | Sell |
| ROC | 16 | Buy |
| 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 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 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 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 coming down
CCI has generated a SELL signal for Modern Steel in short term but SELL signal is weak.
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
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 17.51 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.
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