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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 2024-10-16 View latest technical analysis

10 day averaged volume of Steel City is 24245

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	96.83	97.69	98.85	96.20	1.073 times
15 Tue Oct 2024	97.12	98.00	98.50	95.57	1.77 times
14 Mon Oct 2024	96.21	94.90	96.69	93.61	0.916 times
11 Fri Oct 2024	93.41	94.70	94.70	93.11	0.203 times
10 Thu Oct 2024	93.99	96.39	96.39	93.52	0.386 times
09 Wed Oct 2024	94.88	93.07	97.00	93.07	0.625 times
08 Tue Oct 2024	94.09	88.80	94.99	88.10	1.118 times
07 Mon Oct 2024	87.55	95.60	95.60	87.00	2.089 times
04 Fri Oct 2024	93.87	94.20	95.24	93.11	0.814 times
03 Thu Oct 2024	92.95	92.60	95.57	92.15	1.531 times

My analysis of stock is bullish for shortterm, and stock might move up till 98.5 or till 101.9. Use a stoploss of 95.74 and if this stock hits its stoploss, then it can fall down till 92.93

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	80.00
Downside Target	85.09
Downside Target	92.15
Upside Target	97.86
Upside Target	98.85
Upside Target	101.70
Upside Target	102.95
Upside Target	105.00
Upside Target	106.80
Upside Target	109.25

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	94.01
Downside Intraday Target	91.19
Upside Intraday Target	99.25
Upside Intraday Target	101.67
Downside Intraday Target	96.43

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	96.83	94.90	98.85	93.61	0.85 times
11 Fri Oct 2024	93.41	95.60	97.00	87.00	1.093 times
04 Fri Oct 2024	93.87	95.20	96.88	92.15	0.616 times
27 Fri Sep 2024	96.45	101.70	102.95	95.86	0.571 times
20 Fri Sep 2024	101.18	99.65	105.00	94.22	0.733 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
16 Wed Oct 2024	96.83	96.85	98.85	87.00	0.155 times
30 Mon Sep 2024	95.71	99.45	109.25	93.91	1.761 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

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

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 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 buy signal for Steel City in short term and BUY 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

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 93.61 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.