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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 26123

Date Daily Closing Price Open High Low Volume
31 Fri Mar 2023 13.64 13.59 14.05 13.15 0.816 times
29 Wed Mar 2023 13.59 12.89 13.63 12.89 0.284 times
28 Tue Mar 2023 13.09 13.86 14.00 13.02 1.556 times
27 Mon Mar 2023 13.70 14.14 14.14 13.59 1.684 times
24 Fri Mar 2023 14.29 14.20 14.51 14.20 0.663 times
23 Thu Mar 2023 14.34 14.55 14.99 14.20 0.789 times
22 Wed Mar 2023 14.88 14.77 15.44 14.75 0.403 times
21 Tue Mar 2023 15.08 14.50 15.19 14.50 0.944 times
20 Mon Mar 2023 14.75 15.14 15.50 14.75 0.953 times
17 Fri Mar 2023 15.14 15.01 15.50 15.01 0.31 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.1, but if it comes above 14.1, then a intra day buy could be more profitable.
If you take a sell trade below 14.1, then use 14.1 as stoploss and 12.6 as target. However if you take a buy trade in stock , then use 14.1 as stoploss and 15.33 as target.

Share price targets for Salsteel (Salsteel)

Target Type Value
Downside Target 11.65
Downside Target 12.28
Downside Target 12.89
Upside Target 13.91
Upside Target 15.01
Upside Target 15.50
Upside Target 16.21
Upside Target 16.50
Upside Target 17.39
Upside Target 17.52
Upside Target 18.90
Upside Target 23.25

Intraday share price targets for Salsteel (Salsteel)

Target Type Value
Downside Intraday Target 12.97
Downside Intraday Target 12.31
Upside Intraday Target 14.22
Upside Intraday Target 14.81
Downside Intraday Target 13.56

Weekly technical analysis of Salsteel (Salsteel)

Date Weekly Closing Price Open High Low Volume
31 Fri Mar 2023 13.64 14.14 14.14 12.89 1.157 times
24 Fri Mar 2023 14.29 15.14 15.50 14.20 0.766 times
17 Fri Mar 2023 15.14 16.50 16.50 15.01 3.267 times
10 Fri Mar 2023 16.38 16.60 17.39 16.31 0.218 times
03 Fri Mar 2023 17.17 17.05 17.52 15.75 1.166 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
31 Fri Mar 2023 13.64 15.75 17.52 12.89 0.409 times
28 Tue Feb 2023 16.40 18.00 18.90 15.75 0.282 times
31 Tue Jan 2023 18.50 15.10 23.25 15.10 2.327 times
30 Fri Dec 2022 15.06 13.26 16.21 12.28 1.382 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 12, 31, 45 Sell
MACD -2, -1Sell
Stochastics 17Sell
CCI -76Buy
RSI 58Buy
OBV -197114Sell
VWAP 14Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

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 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 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 Salsteel stock for short term is SELL. Signal strength is Strong and stock is losing 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 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 Salsteel 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 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 14.07 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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