(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 2024-10-10 View latest technical analysis
10 day averaged volume of Modern Steel is 23279
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Thu Oct 2024 | 22.84 | 21.01 | 23.00 | 21.01 | 0.211 times |
| 09 Wed Oct 2024 | 22.05 | 22.68 | 22.68 | 21.43 | 0.158 times |
| 08 Tue Oct 2024 | 22.24 | 20.99 | 22.44 | 20.99 | 0.275 times |
| 07 Mon Oct 2024 | 21.38 | 21.56 | 22.27 | 21.38 | 0.377 times |
| 03 Thu Oct 2024 | 22.96 | 21.50 | 23.08 | 21.50 | 0.751 times |
| 01 Tue Oct 2024 | 21.99 | 23.84 | 23.84 | 21.82 | 1.525 times |
| 30 Mon Sep 2024 | 22.96 | 24.90 | 24.90 | 22.93 | 0.945 times |
| 27 Fri Sep 2024 | 24.13 | 25.63 | 26.15 | 23.88 | 1.064 times |
| 26 Thu Sep 2024 | 25.13 | 23.85 | 25.25 | 23.80 | 0.837 times |
| 25 Wed Sep 2024 | 24.05 | 24.52 | 25.00 | 23.11 | 1.306 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.4 or till 16.4. Use a stoploss of 23.73 and if the stock hits stoploss, then it can shoot up till 27.07
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 20.06 |
| Downside Target | 20.99 |
| Downside Target | 21.50 |
| Upside Target | 22.91 |
| Upside Target | 23.00 |
| 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 | 21.55 |
| Downside Intraday Target | 20.27 |
| Upside Intraday Target | 23.56 |
| Upside Intraday Target | 24.29 |
| Downside Intraday Target | 22.28 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Thu Oct 2024 | 22.84 | 21.56 | 23.00 | 20.99 | 0.317 times |
| 03 Thu Oct 2024 | 22.96 | 24.90 | 24.90 | 21.50 | 0.27 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 |
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 |
| 10 Thu Oct 2024 | 22.84 | 23.84 | 23.84 | 20.99 | 0.049 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 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.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 23.23 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.
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.
Modern Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 23.23 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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