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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 384599

Date Daily Closing Price Open High Low Volume
03 Fri May 2024 102.15 99.15 105.00 99.00 0.578 times
02 Thu May 2024 99.15 95.00 102.35 95.00 0.469 times
30 Tue Apr 2024 95.70 96.30 98.40 95.15 0.219 times
29 Mon Apr 2024 94.60 98.05 99.80 94.10 0.254 times
26 Fri Apr 2024 97.70 98.00 102.60 96.30 0.56 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 95.7, but if it comes below 95.7, then a intra day sell could be more profitable.
If you take a sell trade below 95.7, then use 95.7 as stoploss and 84.89 as target. However if you take a buy trade in stock , then use 95.7 as stoploss and 108.8 as target.

Share price targets for Steel City (STEELCITY)

Target Type Value
Downside Target 68.05
Downside Target 72.00
Downside Target 78.75
Downside Target 81.50
Downside Target 85.55
Downside Target 94.10
Downside Target 94.70
Downside Target 95.00
Upside Target 105.00
Upside Target 105.80

Intraday share price targets for Steel City (STEELCITY)

Target Type Value
Downside Intraday Target 95.83
Downside Intraday Target 89.52
Upside Intraday Target 106.73
Upside Intraday Target 111.32
Downside Intraday Target 100.42

Weekly technical analysis of Steel City (STEELCITY)

Date Weekly Closing Price Open High Low Volume
03 Fri May 2024 102.15 98.05 105.00 94.10 0.18 times
26 Fri Apr 2024 97.70 77.85 105.80 76.30 19.711 times
19 Fri Apr 2024 74.75 75.00 77.05 73.15 1.616 times
12 Fri Apr 2024 76.15 78.75 78.75 74.90 0.966 times
05 Fri Apr 2024 78.20 74.25 78.85 74.00 0.832 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
03 Fri May 2024 102.15 95.00 105.00 95.00 0.106 times
30 Tue Apr 2024 95.70 74.25 105.80 73.15 8.45 times
28 Thu Mar 2024 74.25 80.95 81.50 68.05 0.169 times
29 Thu Feb 2024 80.25 80.20 94.70 75.35 1.476 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 36, 5, 75 Buy
MACD 10, 8Buy
Stochastics 79Buy
CCI 83Buy
RSI 63Buy
OBV 1516179Sell
VWAP 95Buy
ADL 0Sell
ROC 39Buy
Force Index 0Sell

Price action analysis of Steel City ( (STEELCITY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 BUY. Signal strength is Strong 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 95.26 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.

Click here for Steel City charts

Click here for further forecast and predictions for tomorrow

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