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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 2024-07-16 View latest technical analysis

10 day averaged volume of Steel City is 39052

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	89.79	89.15	91.59	89.15	0.675 times
15 Mon Jul 2024	89.94	90.00	91.12	89.00	0.632 times
12 Fri Jul 2024	89.95	91.49	92.00	89.75	0.879 times
11 Thu Jul 2024	90.14	91.20	93.10	89.00	1.097 times
10 Wed Jul 2024	91.75	94.86	94.89	90.46	0.791 times
09 Tue Jul 2024	94.10	95.49	95.49	93.75	0.508 times
08 Mon Jul 2024	94.73	91.69	95.59	90.43	2.005 times
05 Fri Jul 2024	90.29	90.71	91.33	89.26	0.94 times
04 Thu Jul 2024	89.98	92.47	92.50	89.32	1.225 times
03 Wed Jul 2024	90.77	92.00	92.01	90.00	0.909 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 90.1, but if it comes above 90.1, then a intra day buy could be more profitable.
If you take a sell trade below 90.1, then use 90.1 as stoploss and 86.4 as target. However if you take a buy trade in stock , then use 90.1 as stoploss and 93.24 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	73.15
Downside Target	80.00
Downside Target	89.00
Upside Target	94.45
Upside Target	95.59
Upside Target	96.00
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	88.66
Downside Intraday Target	87.54
Upside Intraday Target	91.25
Upside Intraday Target	92.72
Upside Intraday Target	90.13

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	89.79	90.00	91.59	89.00	0.248 times
12 Fri Jul 2024	89.95	91.69	95.59	89.00	1.14 times
05 Fri Jul 2024	90.29	91.65	94.45	89.26	0.887 times
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

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
16 Tue Jul 2024	89.79	91.65	95.59	89.00	0.321 times
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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Steel City in short term but BUY signal is weak.

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 91.43 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.