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

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

Showing technical analysis as on 2023-05-29 View latest technical analysis

10 day averaged volume of Steelcast is 54209

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	502.40	520.00	520.00	496.00	0.57 times
26 Fri May 2023	501.95	502.95	509.80	500.00	0.603 times
25 Thu May 2023	497.95	525.75	525.75	491.60	2.389 times
24 Wed May 2023	533.75	498.00	546.95	482.90	2.81 times
23 Tue May 2023	477.05	520.20	524.80	467.60	1.347 times
22 Mon May 2023	515.00	509.85	523.40	504.05	0.273 times
19 Fri May 2023	509.85	513.95	518.95	506.55	0.192 times
18 Thu May 2023	507.35	511.95	524.50	501.20	0.309 times
17 Wed May 2023	511.95	510.85	517.95	507.30	0.211 times
16 Tue May 2023	508.00	520.35	521.15	506.20	0.206 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 499 as stoploss in an intra day buy trade for a target of 509.83. However, stock will show a bearish move below 499.

Share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Target	437.95
Downside Target	456.05
Downside Target	496.00
Upside Target	520.00
Upside Target	525.00
Upside Target	529.00
Upside Target	546.70
Upside Target	546.95
Upside Target	559.95

Intraday share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Intraday Target	492.27
Downside Intraday Target	482.13
Upside Intraday Target	516.27
Upside Intraday Target	530.13
Upside Intraday Target	506.13

Weekly technical analysis of Steelcast (STEELCAS)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	502.40	520.00	520.00	496.00	0.077 times
26 Fri May 2023	501.95	509.85	546.95	467.60	2.88 times
19 Fri May 2023	509.85	527.00	546.70	501.20	2.098 times
12 Fri May 2023	518.90	504.60	529.00	498.70	0.761 times
05 Fri May 2023	507.95	507.10	529.00	502.00	0.366 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 Steelcast (STEELCAS)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon May 2023	502.40	507.10	546.95	467.60	2.391 times
28 Fri Apr 2023	509.40	457.25	518.00	456.05	0.784 times
31 Fri Mar 2023	456.40	486.05	511.25	437.95	0.626 times
28 Tue Feb 2023	484.60	479.70	559.95	460.15	1.015 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Steelcast (STEELCAS)

Price action analysis of Steelcast ( (STEELCAS) ) based on a short 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.

Price action analysis of Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) 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 Steelcast stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Steelcast in short term but the sell signal is initial and weak.

Steelcast Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Steelcast in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 508.31 and Steelcast (STEELCAS) 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 Steelcast (STEELCAS) stock. Volume based technical analysis of Steelcast (STEELCAS) stock is negative.

Steelcast 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.