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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 2023-01-16 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, 0Buy
Stochastics 48None
CCI 34Buy
RSI 59Buy
OBV 50050Sell
VWAP 16Buy
ADL 0Sell
ROC 15Buy
Force Index 0Sell

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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Daily charts

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