(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 2023-01-31 View latest technical analysis
10 day averaged volume of Modern Steel is 3885
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Tue Jan 2023 | 14.86 | 15.50 | 15.50 | 14.36 | 0.851 times |
| 30 Mon Jan 2023 | 14.56 | 15.50 | 15.50 | 14.00 | 1.034 times |
| 27 Fri Jan 2023 | 14.52 | 15.76 | 16.25 | 13.35 | 2.152 times |
| 25 Wed Jan 2023 | 15.76 | 16.50 | 16.50 | 15.72 | 0.145 times |
| 24 Tue Jan 2023 | 16.06 | 16.00 | 16.48 | 15.60 | 0.381 times |
| 23 Mon Jan 2023 | 16.00 | 17.50 | 17.50 | 14.21 | 1.431 times |
| 20 Fri Jan 2023 | 15.59 | 15.31 | 15.99 | 15.31 | 0.196 times |
| 19 Thu Jan 2023 | 15.65 | 16.18 | 16.98 | 15.16 | 0.555 times |
| 18 Wed Jan 2023 | 16.18 | 16.62 | 16.99 | 15.65 | 0.758 times |
| 17 Tue Jan 2023 | 16.14 | 16.68 | 17.85 | 15.02 | 2.183 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.7 as stoploss in an intra day buy trade for a target of 15.54. However, stock will show a bearish move below 14.7.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 10.63 |
| Downside Target | 12.40 |
| Downside Target | 13.35 |
| Downside Target | 14.00 |
| Downside Target | 14.55 |
| Upside Target | 15.50 |
| 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 | 14.07 |
| Downside Intraday Target | 13.29 |
| Upside Intraday Target | 15.57 |
| Upside Intraday Target | 16.29 |
| Downside Intraday Target | 14.79 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Tue Jan 2023 | 14.86 | 15.50 | 15.50 | 14.00 | 0.459 times |
| 27 Fri Jan 2023 | 14.52 | 17.50 | 17.50 | 13.35 | 0.846 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 |
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 |
| 31 Tue Jan 2023 | 14.86 | 14.99 | 19.00 | 13.35 | 1.365 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 | 15, 19, 12 | Sell |
| MACD | 0, 0 | Sell |
| Stochastics | 29 | Sell |
| CCI | -93 | Buy |
| RSI | 47 | Sell |
| OBV | 44736 | Sell |
| VWAP | 15 | Sell |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Modern Steel ( (ModernSteel) ) based on a short to mid term time period is
Price action analysis of Modern Steel ( (ModernSteel) ) based on a mid to longer term time period is
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Modern Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 15.43 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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