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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 2024-05-02 View latest technical analysis

10 day averaged volume of Steel City is 353871

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	99.15	95.00	102.35	95.00	0.51 times
30 Tue Apr 2024	95.70	96.30	98.40	95.15	0.238 times
29 Mon Apr 2024	94.60	98.05	99.80	94.10	0.276 times
26 Fri Apr 2024	97.70	98.00	102.60	96.30	0.609 times
25 Thu Apr 2024	98.00	103.00	105.80	96.00	1.34 times
24 Wed Apr 2024	102.95	85.90	103.10	84.60	2.601 times
23 Tue Apr 2024	85.95	89.90	91.95	82.50	1.144 times
22 Mon Apr 2024	89.55	77.85	89.70	76.30	3.483 times
19 Fri Apr 2024	74.75	74.40	75.00	73.20	0.039 times
18 Thu Apr 2024	73.65	76.25	76.25	73.15	0.171 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 93.8, but if it comes below 93.8, then a intra day sell could be more profitable.
If you take a sell trade below 93.8, then use 93.8 as stoploss and 83.57 as target. However if you take a buy trade in stock , then use 93.8 as stoploss and 106.1 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	72.00
Downside Target	78.75
Downside Target	81.50
Downside Target	85.55
Downside Target	94.10
Downside Target	94.70
Downside Target	95.00
Upside Target	102.35
Upside Target	105.80

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	94.72
Downside Intraday Target	90.28
Upside Intraday Target	102.97
Upside Intraday Target	106.78
Downside Intraday Target	98.53

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	99.15	98.05	102.35	94.10	0.112 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
05 Fri Apr 2024	78.20	74.25	78.85	74.00	0.832 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
02 Thu May 2024	99.15	95.00	102.35	95.00	0.047 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 gaining 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 moving up

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

RSI is generating a BUY signal in short term but buying 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 94.49 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.