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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 2024-06-05 View latest technical analysis

10 day averaged volume of Steel City is 49602

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	84.30	83.05	86.00	80.45	0.456 times
04 Tue Jun 2024	83.05	90.15	90.95	80.00	1.466 times
03 Mon Jun 2024	90.15	94.80	94.80	89.95	0.706 times
31 Fri May 2024	90.15	92.05	93.95	89.65	1.168 times
30 Thu May 2024	92.80	93.60	93.60	92.25	0.282 times
29 Wed May 2024	92.85	94.05	94.85	91.25	0.694 times
28 Tue May 2024	92.70	97.75	97.95	91.90	0.951 times
27 Mon May 2024	96.35	98.35	98.35	95.10	0.511 times
24 Fri May 2024	96.50	100.00	100.00	95.40	0.986 times
23 Thu May 2024	98.65	96.60	101.85	95.70	1.347 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 83.1, for a target of 90.2 or 96.14

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	73.15
Downside Target	75.35
Downside Target	80.00
Upside Target	89.65
Upside Target	94.00
Upside Target	97.05
Upside Target	98.35
Upside Target	101.95
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	77.93
Downside Intraday Target	71.57
Upside Intraday Target	92.73
Upside Intraday Target	101.17
Upside Intraday Target	86.37

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	84.30	94.80	94.80	80.00	0.729 times
31 Fri May 2024	90.15	98.35	98.35	89.65	0.635 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

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
05 Wed Jun 2024	84.30	94.80	94.80	80.00	0.064 times
31 Fri May 2024	90.15	95.00	109.70	89.65	0.54 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

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)

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 SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Steel City in short term and SELL signal is strong!

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 91.65 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.