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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 2022-09-21 View latest technical analysis

10 day averaged volume of Modern Steel is 5710

Date Daily Closing Price Open High Low Volume
21 Wed Sep 2022 17.20 18.95 18.95 16.65 1.301 times
20 Tue Sep 2022 17.80 18.45 18.50 17.35 0.383 times
19 Mon Sep 2022 17.30 17.15 18.40 17.15 0.584 times
16 Fri Sep 2022 17.80 17.80 19.50 17.75 2.047 times
15 Thu Sep 2022 18.00 18.05 19.00 16.65 0.55 times
14 Wed Sep 2022 18.40 18.85 18.85 18.35 2.553 times
13 Tue Sep 2022 18.00 17.00 19.00 16.00 1.926 times
12 Mon Sep 2022 17.00 17.00 17.65 16.90 0.545 times
09 Fri Sep 2022 17.00 17.80 17.95 16.55 0.367 times
08 Thu Sep 2022 16.90 17.80 17.80 16.45 0.369 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 17.06 and if this stock hits its stoploss, then it can fall down till 16.23

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 18.95
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 16.25
Downside Intraday Target 15.3
Upside Intraday Target 18.55
Upside Intraday Target 19.9
Upside Intraday Target 17.6

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
21 Wed Sep 2022 17.20 17.15 18.95 16.65 0.298 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
21 Wed Sep 2022 17.20 15.30 19.50 15.05 0.467 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 16, 19, 8 Sell
MACD -0, -0Buy
Stochastics 41None
CCI -17Sell
RSI 52Buy
OBV -9552Sell
VWAP 18Sell
ADL 0Sell
ROC 0Sell
Force Index 0Sell

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 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 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 SELL. 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.

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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 17.79 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. 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

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Daily charts

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