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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)

10 day averaged volume of Steel City is 384599

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	100.80	102.50	104.95	99.10	0.244 times
03 Fri May 2024	102.15	99.15	105.00	99.00	0.578 times
02 Thu May 2024	99.15	95.00	102.35	95.00	0.469 times
30 Tue Apr 2024	95.70	96.30	98.40	95.15	0.219 times
29 Mon Apr 2024	94.60	98.05	99.80	94.10	0.254 times
26 Fri Apr 2024	97.70	98.00	102.60	96.30	0.56 times
25 Thu Apr 2024	98.00	103.00	105.80	96.00	1.233 times
24 Wed Apr 2024	102.95	85.90	103.10	84.60	2.394 times
23 Tue Apr 2024	85.95	89.90	91.95	82.50	1.052 times
22 Mon Apr 2024	89.55	77.85	89.70	76.30	3.205 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 97.3, but if it comes below 97.3, then a intra day sell could be more profitable.
If you take a sell trade below 97.3, then use 97.3 as stoploss and 86.14 as target. However if you take a buy trade in stock , then use 97.3 as stoploss and 110.7 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	72.00
Downside Target	74.90
Downside Target	78.75
Downside Target	81.50
Downside Target	85.55
Downside Target	94.10
Downside Target	99.10
Upside Target	104.95
Upside Target	105.00
Upside Target	105.80

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	98.28
Downside Intraday Target	95.77
Upside Intraday Target	104.13
Upside Intraday Target	107.47
Upside Intraday Target	101.62

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	100.80	102.50	104.95	99.10	0.161 times
03 Fri May 2024	102.15	98.05	105.00	94.10	0.18 times
26 Fri Apr 2024	97.70	77.85	105.80	76.30	19.711 times
19 Fri Apr 2024	74.75	75.00	77.05	73.15	1.616 times
12 Fri Apr 2024	76.15	78.75	78.75	74.90	0.966 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
06 Mon May 2024	100.80	95.00	105.00	95.00	0.131 times
30 Tue Apr 2024	95.70	74.25	105.80	73.15	8.45 times
28 Thu Mar 2024	74.25	80.95	81.50	68.05	0.169 times
29 Thu Feb 2024	80.25	80.20	94.70	75.35	1.476 times

Scroll below to view daily charts

Price has moved up 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)

Price action analysis of Steel City ( (STEELCITY) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Steel City ( (STEELCITY) ) based on a short 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.

Price action analysis of Steel City ( (STEELCITY) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Steel City in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Steel City Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel City in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 95.47 and Steel City (STEELCITY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.