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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 2023-02-01 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, 0Sell
Stochastics 42None
CCI 21Buy
RSI 51Buy
OBV 51531Sell
VWAP 15Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

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.

Click here for Modern Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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