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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 2022-09-26 View latest technical analysis

10 day averaged volume of Modern Steel is 6395

Date Daily Closing Price Open High Low Volume
26 Mon Sep 2022 15.50 16.95 16.95 14.55 0.512 times
23 Fri Sep 2022 16.20 17.95 17.95 15.70 0.924 times
22 Thu Sep 2022 17.00 16.50 17.40 16.50 0.246 times
21 Wed Sep 2022 17.20 18.95 18.95 16.65 1.162 times
20 Tue Sep 2022 17.80 18.45 18.50 17.35 0.342 times
19 Mon Sep 2022 17.30 17.15 18.40 17.15 0.521 times
16 Fri Sep 2022 17.80 17.80 19.50 17.75 1.828 times
15 Thu Sep 2022 18.00 18.05 19.00 16.65 0.491 times
14 Wed Sep 2022 18.40 18.85 18.85 18.35 2.279 times
13 Tue Sep 2022 18.00 17.00 19.00 16.00 1.719 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16, but if it comes above 16, then a intra day buy could be more profitable.
If you take a sell trade below 16, then use 16 as stoploss and 14.9 as target. However if you take a buy trade in stock , then use 16 as stoploss and 16.87 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 14.55
Upside Target 15.60
Upside Target 16.50
Upside Target 16.95
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 14.38
Downside Intraday Target 13.27
Upside Intraday Target 16.78
Upside Intraday Target 18.07
Upside Intraday Target 15.67

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
26 Mon Sep 2022 15.50 16.95 16.95 14.55 0.16 times
23 Fri Sep 2022 16.20 17.15 18.95 15.70 0.47 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

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
26 Mon Sep 2022 15.50 15.30 19.50 14.55 0.524 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 11, 24, 37 Sell
MACD -1, -0Sell
Stochastics 20Sell
CCI -190Sell
RSI 52Buy
OBV -27180Sell
VWAP 18Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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.

Price action analysis of Modern Steel ( (ModernSteel) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.

Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 17.6 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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