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(STEELCAS) Steelcast complete technical analysis [charts+indicators] | Buy/Sell Steelcast | (STEELCAS) share price targets

Complete technical analysis of Steelcast (STEELCAS) by charts plus indicators, forecast predictions and share price targets for Steelcast (STEELCAS)

Showing technical analysis as on 2024-07-19 View latest technical analysis

10 day averaged volume of Steelcast is 27671

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	637.10	651.60	654.75	633.00	0.518 times
18 Thu Jul 2024	651.60	662.45	679.70	649.10	1.193 times
16 Tue Jul 2024	652.65	656.00	685.00	650.00	0.616 times
15 Mon Jul 2024	656.00	661.30	661.35	618.60	0.804 times
12 Fri Jul 2024	658.10	658.30	674.95	655.95	0.461 times
11 Thu Jul 2024	663.00	661.40	690.00	655.70	0.45 times
10 Wed Jul 2024	661.40	664.15	705.50	644.15	1.985 times
09 Tue Jul 2024	664.15	682.60	690.00	660.45	0.631 times
08 Mon Jul 2024	677.80	703.70	716.10	669.00	1.358 times
05 Fri Jul 2024	698.75	670.05	724.55	668.30	2.162 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 648.3, but if it comes above 648.3, then a intra day buy could be more profitable.
If you take a sell trade below 648.3, then use 648.3 as stoploss and 629.6 as target. However if you take a buy trade in stock , then use 648.3 as stoploss and 663.84 as target.

Share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Target	590.00
Downside Target	611.25
Upside Target	661.60
Upside Target	680.65
Upside Target	684.00
Upside Target	685.00
Upside Target	695.00
Upside Target	716.10
Upside Target	724.55

Intraday share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Intraday Target	608.8
Downside Intraday Target	580.5
Upside Intraday Target	675.2
Upside Intraday Target	713.3
Upside Intraday Target	646.9

Weekly technical analysis of Steelcast (STEELCAS)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	637.10	661.30	685.00	618.60	0.641 times
12 Fri Jul 2024	658.10	703.70	716.10	644.15	0.594 times
05 Fri Jul 2024	698.75	648.00	724.55	634.80	3.08 times
28 Fri Jun 2024	648.60	645.60	680.65	636.40	1.23 times
21 Fri Jun 2024	642.25	684.00	684.00	626.60	0.83 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 Steelcast (STEELCAS)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	637.10	648.00	724.55	618.60	1.619 times
28 Fri Jun 2024	648.60	651.70	684.00	591.60	1.079 times
31 Fri May 2024	648.30	666.80	695.00	620.50	1.059 times
30 Tue Apr 2024	663.35	665.95	695.00	611.25	1.122 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Steelcast (STEELCAS)

Price action analysis of Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) based on a short to mid 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.

Price action analysis of Steelcast ( (STEELCAS) ) 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 Steelcast stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Steelcast in short term but the sell signal is initial and weak.

Steelcast 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 Steelcast in short term and SELL 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 Steelcast is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 668.27 and Steelcast (STEELCAS) 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 Steelcast (STEELCAS) stock. Volume based technical analysis of Steelcast (STEELCAS) stock is negative.

Steelcast 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.