(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)
10 day averaged volume of Modern Steel is 7976
Date | Daily Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 19.38 | 18.38 | 20.15 | 18.21 | 1.884 times |
27 Wed Mar 2024 | 18.76 | 20.00 | 20.87 | 18.11 | 1.734 times |
26 Tue Mar 2024 | 20.06 | 21.24 | 21.24 | 19.12 | 3.123 times |
22 Fri Mar 2024 | 21.24 | 22.48 | 22.48 | 21.15 | 0.482 times |
21 Thu Mar 2024 | 21.67 | 21.60 | 22.22 | 21.13 | 0.316 times |
20 Wed Mar 2024 | 21.13 | 21.91 | 22.44 | 20.90 | 0.598 times |
19 Tue Mar 2024 | 20.96 | 21.40 | 22.47 | 20.61 | 0.398 times |
18 Mon Mar 2024 | 21.35 | 21.96 | 21.97 | 20.44 | 0.585 times |
15 Fri Mar 2024 | 21.10 | 21.90 | 21.90 | 20.44 | 0.452 times |
14 Thu Mar 2024 | 20.64 | 21.36 | 21.98 | 20.00 | 1.16 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.4, but if it comes above 20.4, then a intra day buy could be more profitable.
If you take a sell trade below 20.4, then use 20.4 as stoploss and 18.7 as target. However if you take a buy trade in stock , then use 20.4 as stoploss and 21.76 as target.
Share price targets for Modern Steel (ModernSteel)
Target Type | Value |
Downside Target | 15.51 |
Downside Target | 18.11 |
Upside Target | 20.00 |
Upside Target | 20.44 |
Upside Target | 21.23 |
Upside Target | 21.84 |
Upside Target | 22.48 |
Upside Target | 23.21 |
Upside Target | 23.99 |
Upside Target | 24.98 |
Upside Target | 25.68 |
Upside Target | 26.50 |
Upside Target | 26.80 |
Upside Target | 27.54 |
Upside Target | 28.50 |
Upside Target | 37.37 |
Intraday share price targets for Modern Steel (ModernSteel)
Target Type | Value |
Downside Intraday Target | 17.91 |
Downside Intraday Target | 16.45 |
Upside Intraday Target | 21.04 |
Upside Intraday Target | 22.71 |
Upside Intraday Target | 19.58 |
Weekly technical analysis of Modern Steel (ModernSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 19.38 | 21.24 | 21.24 | 18.11 | 2.832 times |
22 Fri Mar 2024 | 21.24 | 21.96 | 22.48 | 20.44 | 0.416 times |
15 Fri Mar 2024 | 21.10 | 22.93 | 23.99 | 20.00 | 1.878 times |
07 Thu Mar 2024 | 22.93 | 24.98 | 24.98 | 21.84 | 0.37 times |
02 Sat Mar 2024 | 23.54 | 26.00 | 26.50 | 21.23 | 1.16 times |
Price has moved down 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 |
28 Thu Mar 2024 | 19.38 | 23.58 | 25.68 | 18.11 | 0.776 times |
29 Thu Feb 2024 | 22.58 | 25.50 | 26.80 | 21.23 | 0.6 times |
31 Wed Jan 2024 | 26.19 | 25.40 | 28.50 | 24.45 | 1.005 times |
29 Fri Dec 2023 | 25.09 | 26.75 | 27.54 | 23.21 | 0.363 times |
Scroll below to view daily charts
Price has moved down 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)
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 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 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 losing 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 moving up
CCI has generated a SELL signal for Modern Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Modern Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.1 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.
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 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 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 losing 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 moving up
CCI has generated a SELL signal for Modern Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Modern Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 20.1 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.
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