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(Salsteel) Salsteel complete technical analysis [charts+indicators] | Buy/Sell Salsteel | (Salsteel) share price targets

Complete technical analysis of Salsteel (Salsteel) by charts plus indicators, forecast predictions and share price targets for Salsteel (Salsteel)

10 day averaged volume of Salsteel is 30858

Date Daily Closing Price Open High Low Volume
21 Tue Sep 2021 9.98 10.07 10.24 9.57 1.933 times
20 Mon Sep 2021 10.07 11.00 11.00 10.07 1.503 times
17 Fri Sep 2021 10.59 11.25 11.30 10.40 1.313 times
16 Thu Sep 2021 10.79 10.80 11.29 10.29 1.044 times
15 Wed Sep 2021 10.83 11.50 11.50 10.50 0.935 times
14 Tue Sep 2021 11.04 11.20 11.25 10.45 0.629 times
13 Mon Sep 2021 10.95 11.45 11.77 10.70 0.922 times
09 Thu Sep 2021 11.21 10.68 11.21 10.68 0.5 times
08 Wed Sep 2021 10.68 10.49 10.68 9.70 0.526 times
07 Tue Sep 2021 10.18 10.19 10.19 10.18 0.988 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.1, but if it comes above 10.1, then a intra day buy could be more profitable.
If you take a sell trade below 10.1, then use 10.1 as stoploss and 9.3 as target. However if you take a buy trade in stock , then use 10.1 as stoploss and 10.78 as target.

Share price targets for Salsteel (Salsteel)

Target Type Value
Downside Target 4.13
Downside Target 4.38
Downside Target 5.07
Downside Target 6.00
Downside Target 6.66
Downside Target 8.95
Downside Target 9.57
Upside Target 10.29
Upside Target 10.88
Upside Target 11.61
Upside Target 11.77
Upside Target 12.58
Upside Target 15.69
Upside Target 17.55

Intraday share price targets for Salsteel (Salsteel)

Target Type Value
Downside Intraday Target 9.37
Downside Intraday Target 8.75
Upside Intraday Target 10.8
Upside Intraday Target 11.61
Upside Intraday Target 10.18

Weekly technical analysis of Salsteel (Salsteel)

Date Weekly Closing Price Open High Low Volume
21 Tue Sep 2021 9.98 11.00 11.00 9.57 0.709 times
17 Fri Sep 2021 10.59 11.45 11.77 10.29 1.325 times
09 Thu Sep 2021 11.21 11.61 11.61 9.70 0.33 times
03 Fri Sep 2021 11.06 11.42 12.58 11.00 1.877 times
27 Fri Aug 2021 10.88 9.90 10.88 8.95 2.012 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 Salsteel (Salsteel)

Date Monthly Closing Price Open High Low Volume
21 Tue Sep 2021 9.98 12.57 12.58 9.57 0.3 times
31 Tue Aug 2021 11.99 15.40 17.55 8.95 0.299 times
30 Fri Jul 2021 14.72 6.47 15.69 6.00 6.934 times
30 Wed Jun 2021 6.17 4.56 6.66 4.38 1.058 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 Salsteel (Salsteel)

Indicator Name Indicator Value Indicator Signal
ADX 19, 27, 16 Sell
MACD -0, -0Sell
Stochastics 26Sell
CCI -138Sell
RSI 56Buy
OBV -144856Sell
VWAP 11Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Salsteel ( (Salsteel) ) based on a short term time period is

Price action analysis of Salsteel ( (Salsteel) ) 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 Salsteel ( (Salsteel) ) 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 Salsteel ( (Salsteel) ) 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 Salsteel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Salsteel in short term and the sell signal is strong.

Salsteel 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Salsteel 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 negative zone. This is the SELL zone

Stock of Salsteel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.5 and Salsteel (Salsteel) 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 Salsteel (Salsteel) stock. Volume based technical analysis of Salsteel (Salsteel) stock is negative.

Salsteel 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.

Click here for Salsteel charts

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Daily charts

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Daily chart

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