(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, 0 | Buy |
| Stochastics | 51 | None |
| CCI | 37 | Sell |
| RSI | 56 | Buy |
| OBV | 41594 | Sell |
| VWAP | 16 | Sell |
| ADL | 0 | Sell |
| ROC | 7 | Buy |
| Force Index | 0 | Sell |
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.
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