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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 2024-04-05 View latest technical analysis

10 day averaged volume of Steel City is 27171

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	78.20	77.50	78.85	75.40	0.928 times
04 Thu Apr 2024	76.70	76.60	77.70	74.50	0.989 times
03 Wed Apr 2024	75.90	75.60	76.20	75.25	0.512 times
02 Tue Apr 2024	75.65	76.20	76.20	74.00	0.474 times
01 Mon Apr 2024	75.50	74.25	76.55	74.25	0.982 times
28 Thu Mar 2024	74.25	76.60	77.25	73.25	2.337 times
27 Wed Mar 2024	74.25	75.85	76.50	74.00	1.138 times
26 Tue Mar 2024	74.45	76.70	77.25	73.70	1.193 times
22 Fri Mar 2024	76.10	74.95	77.10	73.70	1.068 times
21 Thu Mar 2024	74.90	75.60	76.70	74.35	0.719 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.1, but if it comes below 77.1, then a intra day sell could be more profitable.
If you take a sell trade below 77.1, then use 77.1 as stoploss and 75.19 as target. However if you take a buy trade in stock , then use 77.1 as stoploss and 79.4 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	65.30
Downside Target	68.05
Downside Target	72.00
Downside Target	77.10
Upside Target	78.85
Upside Target	79.35
Upside Target	79.90
Upside Target	81.40
Upside Target	81.50
Upside Target	85.55
Upside Target	94.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	75.18
Downside Intraday Target	72.17
Upside Intraday Target	80.03
Upside Intraday Target	81.87
Downside Intraday Target	77.02

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	78.20	74.25	78.85	74.00	0.832 times
28 Thu Mar 2024	74.25	76.70	77.25	73.25	1.28 times
22 Fri Mar 2024	76.10	75.65	77.10	72.45	0.753 times
15 Fri Mar 2024	74.15	77.55	79.35	68.05	1.739 times
07 Thu Mar 2024	78.10	81.00	81.40	77.15	0.504 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 Steel City (STEELCITY)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	78.20	74.25	78.85	74.00	0.235 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
31 Wed Jan 2024	78.90	75.00	85.55	72.00	1.007 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Steel City stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Steel City in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 75.36 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.