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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 2023-01-13 View latest technical analysis

10 day averaged volume of Modern Steel is 6669

Date Daily Closing Price Open High Low Volume
13 Fri Jan 2023 15.40 16.61 16.99 15.05 0.879 times
12 Thu Jan 2023 16.48 17.85 17.85 16.04 0.36 times
11 Wed Jan 2023 17.00 18.85 19.00 16.27 3.196 times
10 Tue Jan 2023 16.63 15.00 17.00 14.30 3.517 times
09 Mon Jan 2023 15.29 14.98 15.45 14.15 0.624 times
06 Fri Jan 2023 14.98 14.30 14.99 13.75 1.06 times
05 Thu Jan 2023 14.34 14.35 14.35 13.55 0.088 times
04 Wed Jan 2023 14.35 13.75 14.40 13.70 0.16 times
03 Tue Jan 2023 14.34 14.10 14.50 14.00 0.322 times
02 Mon Jan 2023 14.44 14.99 14.99 14.02 0.428 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 15.7 as stoploss in an intra day sell trade for a target of 14.56. However, stock will show a bullish move above 15.7.

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 13.37
Downside Intraday Target 11.33
Upside Intraday Target 18.22
Upside Intraday Target 21.03
Upside Intraday Target 16.18

Weekly technical analysis of Modern Steel (ModernSteel)

Date Weekly Closing Price Open High Low Volume
13 Fri Jan 2023 15.40 14.98 19.00 14.15 4.168 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
13 Fri Jan 2023 15.40 14.99 19.00 13.55 0.856 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 24, 15, 22 Buy
MACD 1, 0Buy
Stochastics 51None
CCI 37Sell
RSI 56Buy
OBV 41594Sell
VWAP 16Sell
ADL 0Sell
ROC 7Buy
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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.

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 in or below 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

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 16.18 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 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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