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

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

Showing technical analysis as on 2021-08-24 View latest technical analysis

10 day averaged volume of Steel City is 63765

Date Daily Closing Price Open High Low Volume
24 Tue Aug 2021 59.75 57.30 60.35 54.70 1.708 times
23 Mon Aug 2021 57.55 60.25 62.35 57.55 0.445 times
20 Fri Aug 2021 60.55 60.55 62.50 60.45 0.967 times
18 Wed Aug 2021 63.60 65.00 66.70 63.05 0.601 times
17 Tue Aug 2021 65.75 66.40 68.95 65.20 0.939 times
16 Mon Aug 2021 68.60 70.45 70.75 67.50 0.638 times
13 Fri Aug 2021 70.75 68.70 70.80 68.05 1.471 times
12 Thu Aug 2021 67.45 65.00 67.45 64.20 0.892 times
11 Wed Aug 2021 64.25 64.80 65.70 61.55 1.749 times
10 Tue Aug 2021 64.75 68.40 69.25 64.00 1.39 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.2, but if it comes above 63.2, then a intra day buy could be more profitable.
If you take a sell trade below 63.2, then use 63.2 as stoploss and 56.6 as target. However if you take a buy trade in stock , then use 63.2 as stoploss and 68.74 as target.

Share price targets for Steel City (STEELCITY)

Target Type Value
Downside Target 33.55
Downside Target 37.30
Downside Target 38.25
Downside Target 41.80
Downside Target 45.00
Downside Target 50.15
Downside Target 54.70
Downside Target 58.40
Upside Target 60.45
Upside Target 66.20
Upside Target 68.00
Upside Target 70.75
Upside Target 72.30
Upside Target 76.00
Upside Target 84.00
Upside Target 98.70

Intraday share price targets for Steel City (STEELCITY)

Target Type Value
Downside Intraday Target 55.52
Downside Intraday Target 51.28
Upside Intraday Target 63.17
Upside Intraday Target 66.58
Downside Intraday Target 58.93

Weekly technical analysis of Steel City (STEELCITY)

Date Weekly Closing Price Open High Low Volume
24 Tue Aug 2021 59.75 60.25 62.35 54.70 0.684 times
20 Fri Aug 2021 60.55 70.45 70.75 60.45 0.491 times
13 Fri Aug 2021 70.75 72.00 72.30 61.55 0.777 times
06 Fri Aug 2021 71.30 76.00 76.00 66.20 0.577 times
30 Fri Jul 2021 73.70 76.00 84.00 68.00 0.16 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 Steel City (STEELCITY)

Date Monthly Closing Price Open High Low Volume
24 Tue Aug 2021 59.75 76.00 76.00 54.70 0.139 times
30 Fri Jul 2021 73.70 52.40 98.70 50.15 2.049 times
30 Wed Jun 2021 51.90 38.65 58.40 38.25 9.808 times
31 Mon May 2021 38.60 39.80 41.80 37.30 0.675 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 Steel City (STEELCITY)

Indicator Name Indicator Value Indicator Signal
ADX 15, 42, 48 Sell
MACD -0, 2Sell
Stochastics 11Sell
CCI -134Sell
RSI 57Buy
OBV -176868Sell
VWAP 65Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Steel City ( (STEELCITY) ) 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 Steel City ( (STEELCITY) ) 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 Steel City ( (STEELCITY) ) 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 Steel City ( (STEELCITY) ) 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 Steel City stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Steel City 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Steel City 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

Stock of Steel City is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.5 and Steel City (STEELCITY) 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 Steel City (STEELCITY) stock. Volume based technical analysis of Steel City (STEELCITY) stock is negative.

Steel City 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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