(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 2023-02-01 View latest technical analysis
10 day averaged volume of Modern Steel is 3764
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 16.09 | 16.21 | 16.25 | 14.86 | 1.048 times |
| 31 Tue Jan 2023 | 14.86 | 15.50 | 15.50 | 14.36 | 0.878 times |
| 30 Mon Jan 2023 | 14.56 | 15.50 | 15.50 | 14.00 | 1.068 times |
| 27 Fri Jan 2023 | 14.52 | 15.76 | 16.25 | 13.35 | 2.221 times |
| 25 Wed Jan 2023 | 15.76 | 16.50 | 16.50 | 15.72 | 0.15 times |
| 24 Tue Jan 2023 | 16.06 | 16.00 | 16.48 | 15.60 | 0.394 times |
| 23 Mon Jan 2023 | 16.00 | 17.50 | 17.50 | 14.21 | 1.477 times |
| 20 Fri Jan 2023 | 15.59 | 15.31 | 15.99 | 15.31 | 0.203 times |
| 19 Thu Jan 2023 | 15.65 | 16.18 | 16.98 | 15.16 | 0.573 times |
| 18 Wed Jan 2023 | 16.18 | 16.62 | 16.99 | 15.65 | 0.782 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 16.4 as stoploss in an intra day sell trade for a target of 15.63. However, stock will show a bullish move above 16.4.
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 | 14.75 |
| Upside Target | 16.25 |
| Upside Target | 17.30 |
| Upside Target | 17.50 |
| Upside Target | 17.85 |
| Upside Target | 19.00 |
| Upside Target | 19.50 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 14.64 |
| Downside Intraday Target | 13.2 |
| Upside Intraday Target | 16.89 |
| Upside Intraday Target | 17.7 |
| Downside Intraday Target | 15.45 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 16.09 | 15.50 | 16.25 | 14.00 | 0.706 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 |
| 01 Wed Feb 2023 | 16.09 | 16.21 | 16.25 | 14.86 | 0.035 times |
| 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 |
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 | 18, 18, 2 | Buy |
| MACD | 0, 0 | Sell |
| Stochastics | 42 | None |
| CCI | 21 | Buy |
| RSI | 51 | Buy |
| OBV | 51531 | Sell |
| VWAP | 15 | Buy |
| ADL | 0 | Sell |
| ROC | -0 | 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 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 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 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 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.
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 weakening, and bulls are picking up momentum!
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 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 15.33 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 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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