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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 2024-05-27 View latest technical analysis

10 day averaged volume of Steel City is 77872

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	96.35	98.35	98.35	95.10	0.325 times
24 Fri May 2024	96.50	100.00	100.00	95.40	0.628 times
23 Thu May 2024	98.65	96.60	101.85	95.70	0.858 times
22 Wed May 2024	95.00	98.90	98.90	94.00	1.204 times
21 Tue May 2024	97.90	100.95	101.95	96.40	0.929 times
18 Sat May 2024	99.50	100.95	100.95	98.70	0.176 times
17 Fri May 2024	98.35	106.90	106.90	97.05	2.889 times
16 Thu May 2024	104.15	105.65	106.00	103.25	0.449 times
15 Wed May 2024	103.55	106.00	108.80	103.15	1.226 times
14 Tue May 2024	103.35	105.30	105.30	101.40	0.674 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 96.6, but if it comes above 96.6, then a intra day buy could be more profitable.
If you take a sell trade below 96.6, then use 96.6 as stoploss and 92.5 as target. However if you take a buy trade in stock , then use 96.6 as stoploss and 100 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	72.00
Downside Target	75.35
Downside Target	81.50
Downside Target	85.55
Downside Target	94.00
Upside Target	98.35
Upside Target	101.95
Upside Target	105.00
Upside Target	105.80
Upside Target	108.80
Upside Target	109.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	94.85
Downside Intraday Target	93.35
Upside Intraday Target	98.1
Upside Intraday Target	99.85
Upside Intraday Target	96.6

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	96.35	98.35	98.35	95.10	0.09 times
24 Fri May 2024	96.50	100.95	101.95	94.00	0.567 times
18 Sat May 2024	99.50	99.10	108.80	97.05	0.719 times
10 Fri May 2024	100.45	102.50	109.70	96.50	1.183 times
03 Fri May 2024	102.15	98.05	105.00	94.10	0.18 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
27 Mon May 2024	96.35	95.00	109.70	94.00	0.499 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Steel City ( (STEELCITY) ) based on a short 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 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 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 Weak and stock is losing momentum.

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

Steel City Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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

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 99.05 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 positive

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