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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 2024-04-09 View latest technical analysis

10 day averaged volume of Steel City is 28431

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	75.65	76.65	76.65	75.40	0.408 times
08 Mon Apr 2024	75.35	78.75	78.75	74.90	0.805 times
05 Fri Apr 2024	78.20	77.50	78.85	75.40	0.887 times
04 Thu Apr 2024	76.70	76.60	77.70	74.50	0.945 times
03 Wed Apr 2024	75.90	75.60	76.20	75.25	0.489 times
02 Tue Apr 2024	75.65	76.20	76.20	74.00	0.453 times
01 Mon Apr 2024	75.50	74.25	76.55	74.25	0.939 times
28 Thu Mar 2024	74.25	76.60	77.25	73.25	2.233 times
27 Wed Mar 2024	74.25	75.85	76.50	74.00	1.087 times
26 Tue Mar 2024	74.45	76.70	77.25	73.70	1.141 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 76.4 as stoploss in an intra day sell trade for a target of 74.88. However, stock will show a bullish move above 76.4.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	65.30
Downside Target	68.05
Downside Target	72.00
Upside Target	77.10
Upside Target	78.75
Upside Target	78.85
Upside Target	79.35
Upside Target	79.90
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	74.12
Downside Intraday Target	72.58
Upside Intraday Target	77.97
Upside Intraday Target	80.28
Upside Intraday Target	76.43

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	75.65	78.75	78.75	74.90	0.327 times
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

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
09 Tue Apr 2024	75.65	74.25	78.85	74.00	0.311 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 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 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 losing momentum.

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

Steel City 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. Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 75.33 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 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.