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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 2024-08-20 View latest technical analysis

10 day averaged volume of Steelcast is 21736

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	634.70	640.20	644.95	628.00	0.48 times
19 Mon Aug 2024	640.20	639.45	658.00	634.05	1.262 times
16 Fri Aug 2024	639.45	649.75	654.30	625.15	0.842 times
14 Wed Aug 2024	644.70	641.05	657.25	630.00	0.741 times
13 Tue Aug 2024	644.90	653.45	661.90	637.00	0.609 times
12 Mon Aug 2024	652.20	660.00	665.00	648.20	0.698 times
09 Fri Aug 2024	656.90	635.95	664.00	611.55	2.528 times
08 Thu Aug 2024	647.55	656.00	664.35	637.05	0.822 times
07 Wed Aug 2024	657.00	659.70	663.65	648.90	0.344 times
06 Tue Aug 2024	649.85	650.75	672.00	645.65	0.903 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 638.5, but if it comes above 638.5, then a intra day buy could be more profitable.
If you take a sell trade below 638.5, then use 638.5 as stoploss and 629.1 as target. However if you take a buy trade in stock , then use 638.5 as stoploss and 646.27 as target.

Share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Target	591.60
Downside Target	611.25
Upside Target	658.00
Upside Target	668.80
Upside Target	669.90
Upside Target	672.00
Upside Target	684.00
Upside Target	695.00
Upside Target	724.55

Intraday share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Intraday Target	622.47
Downside Intraday Target	610.23
Upside Intraday Target	652.47
Upside Intraday Target	670.23
Upside Intraday Target	640.23

Weekly technical analysis of Steelcast (STEELCAS)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	634.70	639.45	658.00	628.00	0.603 times
16 Fri Aug 2024	639.45	660.00	665.00	625.15	0.494 times
09 Fri Aug 2024	656.90	651.70	672.00	611.55	0.967 times
02 Fri Aug 2024	664.95	650.85	669.90	628.75	1.601 times
26 Fri Jul 2024	641.25	641.60	668.80	630.05	0.948 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
20 Tue Aug 2024	634.70	635.10	672.00	611.55	0.518 times
31 Wed Jul 2024	640.30	648.00	724.55	618.60	2.113 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

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 Steelcast (STEELCAS)

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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Steelcast in short term and the sell signal is strong.

Steelcast Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 Steelcast 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 648.22 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 negative.

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