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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 2024-08-12 View latest technical analysis

10 day averaged volume of Steel City is 58408

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	96.09	96.00	97.00	94.49	2.093 times
09 Fri Aug 2024	94.63	92.79	95.90	92.79	2.119 times
08 Thu Aug 2024	91.63	92.30	92.50	91.01	0.436 times
07 Wed Aug 2024	91.49	89.30	92.00	87.31	0.725 times
06 Tue Aug 2024	87.34	88.75	92.81	85.65	0.706 times
05 Mon Aug 2024	88.79	92.20	92.24	87.41	0.777 times
02 Fri Aug 2024	92.89	93.00	94.00	91.07	0.331 times
01 Thu Aug 2024	94.11	98.00	98.15	93.12	0.597 times
31 Wed Jul 2024	96.33	92.98	97.86	92.01	2.824 times
30 Tue Jul 2024	91.96	90.49	93.50	89.32	1.046 times

Stock of Steel City (STEELCITY) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 96.9, for a target of 93.4 or 90.47

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
Downside Target	94.49
Upside Target	97.00
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	94.72
Downside Intraday Target	93.35
Upside Intraday Target	97.23
Upside Intraday Target	98.37
Downside Intraday Target	95.86

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	96.09	96.00	97.00	94.49	0.439 times
09 Fri Aug 2024	94.63	92.20	95.90	85.65	0.91 times
02 Fri Aug 2024	92.89	91.45	98.15	89.00	2.156 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

Price has moved up 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
12 Mon Aug 2024	96.09	98.00	98.15	85.65	0.509 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Steel City stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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

Steel City Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Steel City in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 93.85 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.