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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 2022-09-28 View latest technical analysis

10 day averaged volume of Modern Steel is 5667

Date Daily Closing Price Open High Low Volume
28 Wed Sep 2022 17.90 16.25 18.00 15.00 2.398 times
27 Tue Sep 2022 15.00 16.00 16.30 14.65 0.627 times
26 Mon Sep 2022 15.50 16.95 16.95 14.55 0.578 times
23 Fri Sep 2022 16.20 17.95 17.95 15.70 1.043 times
22 Thu Sep 2022 17.00 16.50 17.40 16.50 0.277 times
21 Wed Sep 2022 17.20 18.95 18.95 16.65 1.311 times
20 Tue Sep 2022 17.80 18.45 18.50 17.35 0.386 times
19 Mon Sep 2022 17.30 17.15 18.40 17.15 0.588 times
16 Fri Sep 2022 17.80 17.80 19.50 17.75 2.063 times
15 Thu Sep 2022 18.00 18.05 19.00 16.65 0.554 times

Stock of Modern Steel (ModernSteel) has showed a significant upmove. This could be a good time to enter in this stock!

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 14.55
Downside Target 15.60
Downside Target 16.50
Downside Target 17.00
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 15.63
Downside Intraday Target 13.37
Upside Intraday Target 19.08
Upside Intraday Target 20.27
Downside Intraday Target 16.82

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
28 Wed Sep 2022 17.90 16.95 18.00 14.55 0.999 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 up 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
28 Wed Sep 2022 17.90 15.30 19.50 14.55 0.615 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 18, 19, 3 Sell
MACD -1, -0Sell
Stochastics 32None
CCI -10Buy
RSI 60Buy
OBV 437Sell
VWAP 17Buy
ADL 0Sell
ROC -3Sell
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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Modern Steel in short term but BUY 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 17.22 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 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 positive

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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