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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 2024-08-01 View latest technical analysis

10 day averaged volume of Steel City is 45585

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	94.11	98.00	98.15	93.12	0.765 times
31 Wed Jul 2024	96.33	92.98	97.86	92.01	3.618 times
30 Tue Jul 2024	91.96	90.49	93.50	89.32	1.34 times
29 Mon Jul 2024	89.45	91.45	91.45	89.00	0.563 times
26 Fri Jul 2024	87.96	88.16	89.98	87.71	0.623 times
25 Thu Jul 2024	88.28	88.89	89.75	87.00	0.649 times
24 Wed Jul 2024	87.83	89.49	89.49	87.00	0.487 times
23 Tue Jul 2024	87.92	89.90	89.90	86.50	0.586 times
22 Mon Jul 2024	87.92	88.40	89.89	85.09	0.766 times
19 Fri Jul 2024	86.54	88.00	89.56	86.00	0.704 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 93, but if it comes below 93, then a intra day sell could be more profitable.
If you take a sell trade below 93, then use 93 as stoploss and 90.38 as target. However if you take a buy trade in stock , then use 93 as stoploss and 96.1 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	73.15
Downside Target	80.00
Downside Target	85.09
Downside Target	89.00
Upside Target	94.45
Upside Target	95.59
Upside Target	97.86
Upside Target	98.15
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	89.36
Downside Intraday Target	84.6
Upside Intraday Target	98.51
Upside Intraday Target	102.9
Downside Intraday Target	93.75

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	94.11	91.45	98.15	89.00	2.02 times
26 Fri Jul 2024	87.96	88.40	89.98	85.09	1.251 times
19 Fri Jul 2024	86.54	90.00	91.59	86.00	0.55 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

Price has moved up 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
01 Thu Aug 2024	94.11	98.00	98.15	93.12	0.039 times
31 Wed Jul 2024	96.33	91.65	97.86	85.09	0.655 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

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 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Steel City Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term but buying is losing 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 91.95 and Steel City (STEELCITY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.