(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 2022-09-19 View latest technical analysis
10 day averaged volume of Modern Steel is 5676
|Date||Daily Closing Price||Open||High||Low||Volume|
|19 Mon Sep 2022||17.30||17.15||18.40||17.15||0.587 times|
|16 Fri Sep 2022||17.80||17.80||19.50||17.75||2.06 times|
|15 Thu Sep 2022||18.00||18.05||19.00||16.65||0.554 times|
|14 Wed Sep 2022||18.40||18.85||18.85||18.35||2.568 times|
|13 Tue Sep 2022||18.00||17.00||19.00||16.00||1.937 times|
|12 Mon Sep 2022||17.00||17.00||17.65||16.90||0.548 times|
|09 Fri Sep 2022||17.00||17.80||17.95||16.55||0.37 times|
|08 Thu Sep 2022||16.90||17.80||17.80||16.45||0.371 times|
|07 Wed Sep 2022||17.20||16.50||17.80||16.00||0.681 times|
|06 Tue Sep 2022||16.10||16.00||16.90||16.00||0.116 times|
My analysis of stock is bullish for shortterm, and stock might move up till 17.9 or till 18.9. Use a stoploss of 17.05 and if this stock hits its stoploss, then it can fall down till 16.23
Share price targets for Modern Steel (ModernSteel)
Intraday share price targets for Modern Steel (ModernSteel)
|Downside Intraday Target||16.83|
|Downside Intraday Target||16.37|
|Upside Intraday Target||18.08|
|Upside Intraday Target||18.87|
|Upside Intraday Target||17.62|
Weekly technical analysis of Modern Steel (ModernSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|19 Mon Sep 2022||17.30||17.15||18.40||17.15||0.077 times|
|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|
Price has moved down 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|
|19 Mon Sep 2022||17.30||15.30||19.50||15.05||0.416 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||19, 18, 2||Buy|
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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
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.
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 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 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 17.81 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.