(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 2023-01-16 View latest technical analysis
10 day averaged volume of Modern Steel is 7092
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 16.66 | 15.86 | 16.88 | 14.15 | 0.637 times |
| 13 Fri Jan 2023 | 15.40 | 16.61 | 16.99 | 15.05 | 0.827 times |
| 12 Thu Jan 2023 | 16.48 | 17.85 | 17.85 | 16.04 | 0.338 times |
| 11 Wed Jan 2023 | 17.00 | 18.85 | 19.00 | 16.27 | 3.005 times |
| 10 Tue Jan 2023 | 16.63 | 15.00 | 17.00 | 14.30 | 3.308 times |
| 09 Mon Jan 2023 | 15.29 | 14.98 | 15.45 | 14.15 | 0.587 times |
| 06 Fri Jan 2023 | 14.98 | 14.30 | 14.99 | 13.75 | 0.997 times |
| 05 Thu Jan 2023 | 14.34 | 14.35 | 14.35 | 13.55 | 0.083 times |
| 04 Wed Jan 2023 | 14.35 | 13.75 | 14.40 | 13.70 | 0.15 times |
| 03 Tue Jan 2023 | 14.34 | 14.10 | 14.50 | 14.00 | 0.302 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 15.9, but if it comes below 15.9, then a intra day sell could be more profitable.
If you take a sell trade below 15.9, then use 15.9 as stoploss and 14.7 as target. However if you take a buy trade in stock , then use 15.9 as stoploss and 17.4 as target.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 10.63 |
| Downside Target | 11.01 |
| Downside Target | 12.40 |
| Downside Target | 13.55 |
| Downside Target | 14.15 |
| Downside Target | 14.55 |
| Downside Target | 15.00 |
| Upside Target | 16.88 |
| 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 | 14.91 |
| Downside Intraday Target | 13.17 |
| Upside Intraday Target | 17.64 |
| Upside Intraday Target | 18.63 |
| Downside Intraday Target | 15.9 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 16.66 | 15.86 | 16.88 | 14.15 | 0.079 times |
| 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 |
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 |
| 16 Mon Jan 2023 | 16.66 | 14.99 | 19.00 | 13.55 | 0.911 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 | 21, 18, 7 | Buy |
| MACD | 1, 0 | Buy |
| Stochastics | 48 | None |
| CCI | 34 | Buy |
| RSI | 59 | Buy |
| OBV | 50050 | Sell |
| VWAP | 16 | Buy |
| ADL | 0 | Sell |
| ROC | 15 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short 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.
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Modern Steel in short term and BUY signal is strong.
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
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 16.28 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.
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