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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 2024-06-06 View latest technical analysis

10 day averaged volume of Steel City is 42493

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	89.20	85.00	90.40	83.95	1.656 times
05 Wed Jun 2024	84.30	83.05	86.00	80.45	0.533 times
04 Tue Jun 2024	83.05	90.15	90.95	80.00	1.712 times
03 Mon Jun 2024	90.15	94.80	94.80	89.95	0.824 times
31 Fri May 2024	90.15	92.05	93.95	89.65	1.364 times
30 Thu May 2024	92.80	93.60	93.60	92.25	0.329 times
29 Wed May 2024	92.85	94.05	94.85	91.25	0.81 times
28 Tue May 2024	92.70	97.75	97.95	91.90	1.11 times
27 Mon May 2024	96.35	98.35	98.35	95.10	0.596 times
24 Fri May 2024	96.50	100.00	100.00	95.40	1.151 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 89.6, but if it comes above 89.6, then a intra day buy could be more profitable.
If you take a sell trade below 89.6, then use 89.6 as stoploss and 82.3 as target. However if you take a buy trade in stock , then use 89.6 as stoploss and 95.65 as target.

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	81.2
Downside Intraday Target	73.2
Upside Intraday Target	96
Upside Intraday Target	102.8
Downside Intraday Target	88

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	89.20	94.80	94.80	80.00	1.123 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
06 Thu Jun 2024	89.20	94.80	94.80	80.00	0.098 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 buy signal for Steel City in short term but BUY signal is weak.

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 90.16 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.