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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 2024-06-28 View latest technical analysis

10 day averaged volume of Steel City is 43451

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	91.71	93.84	95.49	91.02	1.133 times
27 Thu Jun 2024	93.84	96.50	96.50	93.31	0.4 times
26 Wed Jun 2024	95.40	99.00	99.66	93.30	1.087 times
25 Tue Jun 2024	98.59	99.70	99.99	98.00	0.476 times
24 Mon Jun 2024	98.85	98.40	102.10	97.31	1.595 times
21 Fri Jun 2024	97.43	98.33	98.33	97.00	0.666 times
20 Thu Jun 2024	96.37	97.56	97.73	96.00	0.716 times
19 Wed Jun 2024	97.54	97.70	99.00	96.40	0.648 times
18 Tue Jun 2024	98.53	99.47	99.49	97.00	1.039 times
14 Fri Jun 2024	97.24	98.11	101.51	96.70	1.909 times

My analysis of stock is bearish for shortterm, and stock might move down till 88.5 or till 82.5. Use a stoploss of 93.57 and if the stock hits stoploss, then it can shoot up till 98.6

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
Downside Target	88.15
Upside Target	94.70
Upside Target	98.35
Upside Target	99.49
Upside Target	102.10
Upside Target	105.80
Upside Target	106.80
Upside Target	109.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	87.79
Downside Intraday Target	83.86
Upside Intraday Target	98.87
Upside Intraday Target	106.02
Upside Intraday Target	94.94

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	91.71	98.40	102.10	91.02	1.528 times
21 Fri Jun 2024	97.43	99.47	99.49	96.00	0.171 times
14 Fri Jun 2024	97.24	90.35	106.80	88.15	3.13 times
07 Fri Jun 2024	90.45	94.80	94.80	80.00	1.392 times
31 Fri May 2024	90.15	98.35	98.35	89.65	0.635 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Steel City (STEELCITY)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	91.71	94.80	106.80	80.00	0.666 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 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 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 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 SELL. 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 getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 96.68 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.