(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 2023-01-18 View latest technical analysis
10 day averaged volume of Modern Steel is 7892
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Jan 2023 | 16.18 | 16.62 | 16.99 | 15.65 | 0.373 times |
| 17 Tue Jan 2023 | 16.14 | 16.68 | 17.85 | 15.02 | 1.075 times |
| 16 Mon Jan 2023 | 16.66 | 15.86 | 16.88 | 14.15 | 0.572 times |
| 13 Fri Jan 2023 | 15.40 | 16.61 | 16.99 | 15.05 | 0.743 times |
| 12 Thu Jan 2023 | 16.48 | 17.85 | 17.85 | 16.04 | 0.304 times |
| 11 Wed Jan 2023 | 17.00 | 18.85 | 19.00 | 16.27 | 2.701 times |
| 10 Tue Jan 2023 | 16.63 | 15.00 | 17.00 | 14.30 | 2.972 times |
| 09 Mon Jan 2023 | 15.29 | 14.98 | 15.45 | 14.15 | 0.527 times |
| 06 Fri Jan 2023 | 14.98 | 14.30 | 14.99 | 13.75 | 0.896 times |
| 05 Thu Jan 2023 | 14.34 | 14.35 | 14.35 | 13.55 | 0.074 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 16.2 as stoploss in an intra day sell trade for a target of 14.95. However, stock will show a bullish move above 16.2.
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 | 17.30 |
| Upside Target | 17.85 |
| 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 | 14.27 |
| Downside Intraday Target | 12.36 |
| Upside Intraday Target | 17.97 |
| Upside Intraday Target | 19.76 |
| Downside Intraday Target | 16.06 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Jan 2023 | 16.18 | 15.86 | 17.85 | 14.15 | 0.279 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 |
| 18 Wed Jan 2023 | 16.18 | 14.99 | 19.00 | 13.55 | 1.049 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, 14, 20 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 51 | None |
| CCI | 40 | Sell |
| RSI | 56 | Buy |
| OBV | 42110 | Sell |
| VWAP | 16 | Sell |
| ADL | 0 | Sell |
| ROC | 13 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 Weak and stock is gaining 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 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 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 16.34 and Modern Steel (ModernSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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