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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 2022-09-16 View latest technical analysis

10 day averaged volume of Modern Steel is 5939

Date Daily Closing Price Open High Low Volume
16 Fri Sep 2022 17.80 17.80 19.50 17.75 1.968 times
15 Thu Sep 2022 18.00 18.05 19.00 16.65 0.529 times
14 Wed Sep 2022 18.40 18.85 18.85 18.35 2.454 times
13 Tue Sep 2022 18.00 17.00 19.00 16.00 1.851 times
12 Mon Sep 2022 17.00 17.00 17.65 16.90 0.524 times
09 Fri Sep 2022 17.00 17.80 17.95 16.55 0.353 times
08 Thu Sep 2022 16.90 17.80 17.80 16.45 0.354 times
07 Wed Sep 2022 17.20 16.50 17.80 16.00 0.65 times
06 Tue Sep 2022 16.10 16.00 16.90 16.00 0.111 times
05 Mon Sep 2022 16.50 16.55 17.90 15.60 0.76 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 as stoploss in an intra day sell trade for a target of 17.1. However, stock will show a bullish move above 18.

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 19.50
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 16.03
Downside Intraday Target 14.27
Upside Intraday Target 19.53
Upside Intraday Target 21.27
Downside Intraday Target 17.77

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
16 Fri Sep 2022 17.80 17.00 19.50 16.00 3.286 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
16 Fri Sep 2022 17.80 15.30 19.50 15.05 0.399 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, 13 Buy
MACD -0, -0Buy
Stochastics 72Buy
CCI 111Buy
RSI 52Buy
OBV -30708Sell
VWAP 18Buy
ADL 0Sell
ROC 6Buy
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak 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 tired and bears 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 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

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 17.73 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 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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