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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 2023-01-12 View latest technical analysis

10 day averaged volume of Modern Steel is 6920

Date Daily Closing Price Open High Low Volume
12 Thu Jan 2023 16.48 17.85 17.85 16.04 0.347 times
11 Wed Jan 2023 17.00 18.85 19.00 16.27 3.08 times
10 Tue Jan 2023 16.63 15.00 17.00 14.30 3.39 times
09 Mon Jan 2023 15.29 14.98 15.45 14.15 0.601 times
06 Fri Jan 2023 14.98 14.30 14.99 13.75 1.022 times
05 Thu Jan 2023 14.34 14.35 14.35 13.55 0.085 times
04 Wed Jan 2023 14.35 13.75 14.40 13.70 0.154 times
03 Tue Jan 2023 14.34 14.10 14.50 14.00 0.31 times
02 Mon Jan 2023 14.44 14.99 14.99 14.02 0.412 times
30 Fri Dec 2022 14.45 14.00 14.91 13.51 0.236 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 17, for a target of 15.6 or 14.47

Share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Target 10.63
Downside Target 11.01
Downside Target 12.40
Downside Target 13.00
Downside Target 13.55
Downside Target 14.15
Downside Target 14.55
Downside Target 15.00
Upside Target 17.30
Upside Target 19.00
Upside Target 19.50
Upside Target 21.45

Intraday share price targets for Modern Steel (ModernSteel)

Target Type Value
Downside Intraday Target 14.09
Downside Intraday Target 11.69
Upside Intraday Target 18.94
Upside Intraday Target 21.39
Upside Intraday Target 16.54

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
12 Thu Jan 2023 16.48 14.98 19.00 14.15 3.741 times
06 Fri Jan 2023 14.98 14.99 14.99 13.55 0.332 times
30 Fri Dec 2022 14.45 15.00 15.00 10.63 2.89 times
23 Fri Dec 2022 13.01 14.75 15.00 11.01 1.215 times
16 Fri Dec 2022 13.54 14.88 14.88 13.00 0.864 times

Price has moved up 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
12 Thu Jan 2023 16.48 14.99 19.00 13.55 0.785 times
30 Fri Dec 2022 14.45 13.90 15.00 10.63 0.951 times
30 Wed Nov 2022 13.95 16.25 17.30 12.40 1.355 times
31 Mon Oct 2022 16.00 17.30 19.50 14.75 0.37 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 27, 11, 43 Buy
MACD 1, 0Buy
Stochastics 70None
CCI 115Sell
RSI 60Buy
OBV 46605Sell
VWAP 16Buy
ADL 0Sell
ROC 16Buy
Force Index 0Sell

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Modern Steel in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 16.21 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 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 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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Daily chart

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