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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 2024-09-19 View latest technical analysis

10 day averaged volume of Steel City is 58624

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	95.15	96.00	97.00	94.22	0.298 times
18 Wed Sep 2024	96.00	98.40	98.40	95.72	0.412 times
17 Tue Sep 2024	96.97	98.25	98.29	96.80	0.172 times
16 Mon Sep 2024	97.03	99.65	99.65	96.79	0.39 times
13 Fri Sep 2024	98.17	96.05	100.00	95.54	1.912 times
12 Thu Sep 2024	95.52	95.40	96.80	95.10	0.414 times
11 Wed Sep 2024	95.28	101.31	102.94	93.91	2.053 times
10 Tue Sep 2024	102.01	100.35	104.00	100.09	1.573 times
09 Mon Sep 2024	100.42	102.00	103.15	100.00	0.536 times
06 Fri Sep 2024	102.09	104.97	104.97	98.30	1.564 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 93.6 as stoploss in an intra day buy trade for a target of 97.64. However, stock will show a bearish move below 93.6.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	80.00
Downside Target	85.09
Downside Target	88.95
Downside Target	91.50
Downside Target	93.91
Upside Target	97.86
Upside Target	101.70
Upside Target	104.00
Upside Target	106.80
Upside Target	109.25
Upside Target	109.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	93.03
Downside Intraday Target	90.91
Upside Intraday Target	98.46
Upside Intraday Target	101.77
Upside Intraday Target	96.34

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	95.15	99.65	99.65	94.22	0.196 times
13 Fri Sep 2024	98.17	102.00	104.00	93.91	0.429 times
06 Fri Sep 2024	102.09	99.45	109.25	98.30	2.672 times
30 Fri Aug 2024	98.99	93.98	101.70	91.50	2.362 times
23 Fri Aug 2024	92.55	92.98	95.50	88.95	0.785 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
19 Thu Sep 2024	95.15	99.45	109.25	93.91	1.364 times
30 Fri Aug 2024	98.99	98.00	101.70	85.65	1.101 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

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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining 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 and the buying is gaining 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 98.59 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 positive

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