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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 2021-09-20 View latest technical analysis

10 day averaged volume of Steel City is 34970

Date Daily Closing Price Open High Low Volume
20 Mon Sep 2021 58.75 59.55 59.70 58.50 1.341 times
17 Fri Sep 2021 59.55 60.85 61.50 59.30 1.49 times
16 Thu Sep 2021 60.35 61.05 61.35 60.10 0.725 times
15 Wed Sep 2021 61.05 60.30 61.45 59.25 1.197 times
14 Tue Sep 2021 59.85 60.70 60.70 59.25 0.849 times
13 Mon Sep 2021 59.75 61.05 61.40 59.35 0.895 times
09 Thu Sep 2021 61.05 59.40 61.45 58.60 1.165 times
08 Wed Sep 2021 59.50 59.50 59.65 58.80 0.574 times
07 Tue Sep 2021 59.50 60.50 60.50 58.60 0.678 times
06 Mon Sep 2021 60.00 60.90 62.00 59.20 1.669 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.2, but if it comes above 59.2, then a intra day buy could be more profitable.
If you take a sell trade below 59.2, then use 59.2 as stoploss and 57.1 as target. However if you take a buy trade in stock , then use 59.2 as stoploss and 60.88 as target.

Share price targets for Steel City (STEELCITY)

Target Type Value
Downside Target 37.30
Downside Target 38.25
Downside Target 41.80
Downside Target 50.15
Downside Target 54.70
Downside Target 58.40
Upside Target 61.50
Upside Target 62.00
Upside Target 63.60
Upside Target 63.90
Upside Target 65.45
Upside Target 76.00
Upside Target 98.70

Intraday share price targets for Steel City (STEELCITY)

Target Type Value
Downside Intraday Target 58.27
Downside Intraday Target 57.78
Upside Intraday Target 59.47
Upside Intraday Target 60.18
Upside Intraday Target 58.98

Weekly technical analysis of Steel City (STEELCITY)

Date Weekly Closing Price Open High Low Volume
20 Mon Sep 2021 58.75 59.55 59.70 58.50 0.26 times
17 Fri Sep 2021 59.55 61.05 61.50 59.25 1.262 times
09 Thu Sep 2021 61.05 60.90 62.00 58.60 0.99 times
03 Fri Sep 2021 60.90 62.20 63.90 60.15 0.554 times
27 Fri Aug 2021 62.55 60.25 65.45 54.70 1.299 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
20 Mon Sep 2021 58.75 62.55 63.60 58.50 0.313 times
31 Tue Aug 2021 62.50 76.00 76.00 54.70 0.158 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

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, 26, 27 Sell
MACD -2, -2Sell
Stochastics 23Sell
CCI -152Sell
RSI 62Buy
OBV -99963Sell
VWAP 60Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Steel City ( (STEELCITY) ) 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 Steel City ( (STEELCITY) ) 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 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

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 getting stronger in this stock.

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

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 59.94 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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Daily charts

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Daily chart

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