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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)

10 day averaged volume of Steel City is 12437

Date Daily Closing Price Open High Low Volume
27 Tue Sep 2022 55.25 57.15 57.35 52.65 1.839 times
26 Mon Sep 2022 56.05 56.55 58.50 55.60 0.764 times
23 Fri Sep 2022 57.55 59.45 59.60 57.40 0.731 times
22 Thu Sep 2022 58.65 59.35 59.80 58.05 0.582 times
21 Wed Sep 2022 58.20 59.85 60.00 58.00 0.977 times
20 Tue Sep 2022 58.95 58.25 60.05 58.25 0.676 times
19 Mon Sep 2022 58.65 60.25 60.55 58.40 0.782 times
16 Fri Sep 2022 59.10 61.55 61.55 58.15 1.223 times
15 Thu Sep 2022 60.35 62.30 62.30 60.10 1.193 times
14 Wed Sep 2022 61.15 60.20 62.30 60.20 1.28 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 55.6, for a target of 57.8 or 59.71

Share price targets for Steel City (STEELCITY)

Target Type Value
Downside Target 50.30
Downside Target 52.10
Downside Target 54.30
Upside Target 56.35
Upside Target 60.55
Upside Target 62.60
Upside Target 62.80
Upside Target 62.90
Upside Target 63.90
Upside Target 64.50
Upside Target 65.75

Intraday share price targets for Steel City (STEELCITY)

Target Type Value
Downside Intraday Target 52.43
Downside Intraday Target 49.62
Upside Intraday Target 58.28
Upside Intraday Target 61.32
Upside Intraday Target 55.47

Weekly technical analysis of Steel City (STEELCITY)

Date Weekly Closing Price Open High Low Volume
27 Tue Sep 2022 55.25 56.55 58.50 52.65 0.694 times
23 Fri Sep 2022 57.55 60.25 60.55 57.40 0.568 times
16 Fri Sep 2022 59.10 62.05 62.90 58.15 0.572 times
09 Fri Sep 2022 60.90 62.35 62.60 59.00 0.494 times
02 Fri Sep 2022 61.40 57.65 65.75 56.35 1.519 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
27 Tue Sep 2022 55.25 62.45 65.75 52.65 1.27 times
30 Tue Aug 2022 61.25 55.65 62.80 54.30 1.924 times
29 Fri Jul 2022 55.65 58.60 59.00 52.10 0.468 times
30 Thu Jun 2022 59.35 56.60 63.90 50.30 1.133 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)

Indicator Name Indicator Value Indicator Signal
ADX 8, 28, 55 Sell
MACD -0, 1Sell
Stochastics 12Sell
CCI -194Sell
RSI 54Buy
OBV 154982Sell
VWAP 58Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Steel City stock for short term is SELL. Signal strength is Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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

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 58.3 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.

Click here for Steel City charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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