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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 19196

Date Daily Closing Price Open High Low Volume
21 Tue Mar 2023 15.08 14.50 15.19 14.50 1.285 times
20 Mon Mar 2023 14.75 15.14 15.50 14.75 1.297 times
17 Fri Mar 2023 15.14 15.01 15.50 15.01 0.422 times
16 Thu Mar 2023 15.31 16.29 16.29 15.25 3.283 times
15 Wed Mar 2023 15.84 16.16 16.24 15.75 0.476 times
14 Tue Mar 2023 16.00 15.81 16.45 15.54 1.265 times
13 Mon Mar 2023 16.17 16.50 16.50 15.91 1.218 times
10 Fri Mar 2023 16.38 16.50 16.68 16.31 0.277 times
09 Thu Mar 2023 16.54 16.75 17.14 16.42 0.809 times
08 Wed Mar 2023 16.82 16.65 16.95 16.45 0.501 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.6, but if it comes above 15.6, then a intra day buy could be more profitable.
If you take a sell trade below 15.6, then use 15.6 as stoploss and 14.6 as target. However if you take a buy trade in stock , then use 15.6 as stoploss and 16.46 as target.

Share price targets for Salsteel (Salsteel)

Target Type Value
Downside Target 11.65
Downside Target 12.28
Downside Target 13.91
Downside Target 14.50
Downside Target 15.01
Upside Target 15.50
Upside Target 16.21
Upside Target 17.00
Upside Target 17.39
Upside Target 17.52
Upside Target 18.65
Upside Target 18.90
Upside Target 23.25

Intraday share price targets for Salsteel (Salsteel)

Target Type Value
Downside Intraday Target 14.55
Downside Intraday Target 14.03
Upside Intraday Target 15.55
Upside Intraday Target 16.03
Downside Intraday Target 15.03

Weekly technical analysis of Salsteel (Salsteel)

Date Weekly Closing Price Open High Low Volume
21 Tue Mar 2023 15.08 15.14 15.50 14.50 0.388 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
24 Fri Feb 2023 17.30 18.00 18.65 17.00 0.571 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 Mar 2023 15.08 15.75 17.52 14.50 0.272 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 8, 28, 57 Sell
MACD -1, -1Sell
Stochastics 9Sell
CCI -115Sell
RSI 63Buy
OBV -267879Sell
VWAP 16Sell
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 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 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 SELL signal for Salsteel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.6 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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