(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 2024-10-16 View latest technical analysis
10 day averaged volume of Modern Steel is 11258
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 21.36 | 22.45 | 22.45 | 21.12 | 0.488 times |
| 15 Tue Oct 2024 | 21.75 | 22.00 | 22.10 | 21.32 | 0.137 times |
| 14 Mon Oct 2024 | 21.91 | 22.73 | 22.73 | 21.56 | 0.746 times |
| 11 Fri Oct 2024 | 22.29 | 23.78 | 23.78 | 21.76 | 0.348 times |
| 10 Thu Oct 2024 | 22.84 | 21.01 | 23.00 | 21.01 | 0.437 times |
| 09 Wed Oct 2024 | 22.05 | 22.68 | 22.68 | 21.43 | 0.326 times |
| 08 Tue Oct 2024 | 22.24 | 20.99 | 22.44 | 20.99 | 0.569 times |
| 07 Mon Oct 2024 | 21.38 | 21.56 | 22.27 | 21.38 | 0.779 times |
| 03 Thu Oct 2024 | 22.96 | 21.50 | 23.08 | 21.50 | 1.552 times |
| 01 Tue Oct 2024 | 21.99 | 23.84 | 23.84 | 21.82 | 3.153 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 21.2 as stoploss in an intra day buy trade for a target of 24.09. However, stock will show a bearish move below 21.2.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 20.06 |
| Downside Target | 20.99 |
| Upside Target | 22.73 |
| Upside Target | 22.91 |
| Upside Target | 23.78 |
| 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 | 20.74 |
| Downside Intraday Target | 20.13 |
| Upside Intraday Target | 22.35 |
| Upside Intraday Target | 23.35 |
| Upside Intraday Target | 21.74 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 21.36 | 22.73 | 22.73 | 21.12 | 0.557 times |
| 11 Fri Oct 2024 | 22.29 | 21.56 | 23.78 | 20.99 | 0.369 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 |
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 |
| 16 Wed Oct 2024 | 21.36 | 23.84 | 23.84 | 20.99 | 0.061 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 neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak and stock is gaining 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
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 22.14 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 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 neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Modern Steel stock for short term is BUY. Signal strength is Weak and stock is gaining 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
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 22.14 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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