(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 2023-01-25 View latest technical analysis
10 day averaged volume of Modern Steel is 5548
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 15.76 | 16.50 | 16.50 | 15.72 | 0.102 times |
| 24 Tue Jan 2023 | 16.06 | 16.00 | 16.48 | 15.60 | 0.267 times |
| 23 Mon Jan 2023 | 16.00 | 17.50 | 17.50 | 14.21 | 1.002 times |
| 20 Fri Jan 2023 | 15.59 | 15.31 | 15.99 | 15.31 | 0.138 times |
| 19 Thu Jan 2023 | 15.65 | 16.18 | 16.98 | 15.16 | 0.389 times |
| 18 Wed Jan 2023 | 16.18 | 16.62 | 16.99 | 15.65 | 0.531 times |
| 17 Tue Jan 2023 | 16.14 | 16.68 | 17.85 | 15.02 | 1.529 times |
| 16 Mon Jan 2023 | 16.66 | 15.86 | 16.88 | 14.15 | 0.814 times |
| 13 Fri Jan 2023 | 15.40 | 16.61 | 16.99 | 15.05 | 1.057 times |
| 12 Thu Jan 2023 | 16.48 | 17.85 | 17.85 | 16.04 | 0.432 times |
My analysis of stock is bullish for shortterm, and stock might move up till 16.4 or till 17.4. Use a stoploss of 15.5 and if this stock hits its stoploss, then it can fall down till 14.62
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 10.63 |
| Downside Target | 12.40 |
| Downside Target | 13.55 |
| Downside Target | 14.15 |
| Downside Target | 14.55 |
| Upside Target | 17.30 |
| Upside Target | 17.50 |
| 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 | 14.15 |
| Downside Intraday Target | 12.53 |
| Upside Intraday Target | 17.44 |
| Upside Intraday Target | 19.11 |
| Upside Intraday Target | 15.82 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 15.76 | 17.50 | 17.50 | 14.21 | 0.403 times |
| 20 Fri Jan 2023 | 15.59 | 15.86 | 17.85 | 14.15 | 0.33 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 |
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 |
| 25 Wed Jan 2023 | 15.76 | 14.99 | 19.00 | 13.55 | 1.176 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, 11, 31 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 40 | None |
| CCI | -19 | Sell |
| RSI | 55 | Buy |
| OBV | 49846 | Sell |
| VWAP | 16 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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.
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 SELL signal for Modern Steel in short term but the sell signal is initial and weak.
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 weakening, and bulls 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 and SELL 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 16.04 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 has given negative 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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