(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 2024-10-01 View latest technical analysis
10 day averaged volume of Modern Steel is 126799
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 21.99 | 23.84 | 23.84 | 21.82 | 0.28 times |
| 30 Mon Sep 2024 | 22.96 | 24.90 | 24.90 | 22.93 | 0.173 times |
| 27 Fri Sep 2024 | 24.13 | 25.63 | 26.15 | 23.88 | 0.195 times |
| 26 Thu Sep 2024 | 25.13 | 23.85 | 25.25 | 23.80 | 0.154 times |
| 25 Wed Sep 2024 | 24.05 | 24.52 | 25.00 | 23.11 | 0.24 times |
| 24 Tue Sep 2024 | 24.04 | 23.89 | 24.60 | 22.91 | 0.507 times |
| 23 Mon Sep 2024 | 24.00 | 24.51 | 26.15 | 24.00 | 1.097 times |
| 20 Fri Sep 2024 | 26.66 | 26.66 | 26.66 | 26.66 | 0.301 times |
| 19 Thu Sep 2024 | 29.62 | 34.50 | 36.20 | 29.62 | 3.046 times |
| 18 Wed Sep 2024 | 32.91 | 29.30 | 32.91 | 28.66 | 2.723 times |
My analysis of stock is bearish for shortterm, and stock might move down till 19.2 or till 14.6. Use a stoploss of 23.02 and if the stock hits stoploss, then it can shoot up till 26.86
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 19.99 |
| Downside Target | 21.21 |
| Downside Target | 21.82 |
| Upside Target | 22.91 |
| Upside Target | 23.84 |
| Upside Target | 24.90 |
| Upside Target | 26.15 |
| Upside Target | 36.20 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 20.91 |
| Downside Intraday Target | 19.82 |
| Upside Intraday Target | 23.99 |
| Upside Intraday Target | 25.98 |
| Upside Intraday Target | 22.9 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 21.99 | 24.90 | 24.90 | 21.82 | 0.207 times |
| 27 Fri Sep 2024 | 24.13 | 24.51 | 26.15 | 22.91 | 0.229 times |
| 20 Fri Sep 2024 | 26.66 | 20.49 | 36.20 | 20.06 | 39.152 times |
| 13 Fri Sep 2024 | 19.05 | 20.39 | 20.40 | 18.71 | 1.304 times |
| 06 Fri Sep 2024 | 19.47 | 19.41 | 19.99 | 18.02 | 1.312 times |
Price has moved down 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 Tue Oct 2024 | 21.99 | 23.84 | 23.84 | 21.82 | 0.023 times |
| 30 Mon Sep 2024 | 22.96 | 19.41 | 36.20 | 18.02 | 14.348 times |
| 30 Fri Aug 2024 | 19.41 | 19.80 | 21.29 | 18.00 | 0.662 times |
| 31 Wed Jul 2024 | 19.64 | 19.79 | 21.21 | 18.40 | 1.269 times |
Scroll below to view daily charts
Price has moved down 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)
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 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 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 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 red color and prices are below the red 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
Although the stock is in the BUY zone, but buying 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 28.78 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 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.
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 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 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 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 red color and prices are below the red 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
Although the stock is in the BUY zone, but buying 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 28.78 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 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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