(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 2024-11-22 View latest technical analysis
10 day averaged volume of Modern Steel is 3190
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Fri Nov 2024 | 20.09 | 20.30 | 20.30 | 19.10 | 0.401 times |
| 21 Thu Nov 2024 | 19.74 | 20.65 | 20.65 | 19.00 | 0.881 times |
| 19 Tue Nov 2024 | 19.68 | 20.00 | 20.68 | 19.50 | 1.588 times |
| 18 Mon Nov 2024 | 19.83 | 20.80 | 20.80 | 19.78 | 0.549 times |
| 14 Thu Nov 2024 | 19.90 | 20.54 | 20.84 | 19.73 | 0.7 times |
| 13 Wed Nov 2024 | 20.54 | 20.85 | 20.86 | 20.03 | 1.144 times |
| 12 Tue Nov 2024 | 20.86 | 20.70 | 21.49 | 20.70 | 0.847 times |
| 11 Mon Nov 2024 | 20.70 | 21.61 | 22.00 | 20.36 | 0.685 times |
| 08 Fri Nov 2024 | 21.41 | 21.59 | 21.59 | 20.50 | 1.32 times |
| 07 Thu Nov 2024 | 20.59 | 21.25 | 21.25 | 20.50 | 1.056 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 19.9 as stoploss in an intra day buy trade for a target of 20.43. However, stock will show a bearish move below 19.9.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 18.40 |
| Downside Target | 19.00 |
| Downside Target | 19.51 |
| Upside Target | 20.80 |
| Upside Target | 21.50 |
| Upside Target | 21.59 |
| Upside Target | 22.00 |
| Upside Target | 22.80 |
| Upside Target | 23.84 |
| Upside Target | 36.20 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 19.13 |
| Downside Intraday Target | 18.16 |
| Upside Intraday Target | 20.93 |
| Upside Intraday Target | 21.76 |
| Downside Intraday Target | 19.96 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Fri Nov 2024 | 20.09 | 20.80 | 20.80 | 19.00 | 1.013 times |
| 14 Thu Nov 2024 | 19.90 | 21.61 | 22.00 | 19.73 | 0.61 times |
| 08 Fri Nov 2024 | 21.41 | 21.34 | 21.59 | 19.83 | 0.668 times |
| 01 Fri Nov 2024 | 20.34 | 20.49 | 21.50 | 19.51 | 0.997 times |
| 25 Fri Oct 2024 | 20.49 | 21.96 | 22.80 | 20.10 | 1.073 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 |
| 22 Fri Nov 2024 | 20.09 | 21.50 | 22.00 | 19.00 | 0.262 times |
| 31 Thu Oct 2024 | 20.72 | 23.84 | 23.84 | 19.51 | 0.1 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 |
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 20.38 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 negative.
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 20.38 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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