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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)

10 day averaged volume of Steelcast is 15810

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Dec 2023	595.95	609.00	610.10	593.10	2.992 times
06 Wed Dec 2023	607.00	631.00	631.00	603.10	1.536 times
05 Tue Dec 2023	625.65	626.40	629.45	623.50	0.961 times
04 Mon Dec 2023	625.05	631.00	637.00	618.15	1.078 times
01 Fri Dec 2023	621.20	625.25	628.00	618.20	1.198 times
30 Thu Nov 2023	622.10	634.00	634.00	617.00	0.922 times
29 Wed Nov 2023	628.30	621.00	634.00	621.00	0.553 times
28 Tue Nov 2023	624.40	627.00	636.30	620.55	0.874 times
24 Fri Nov 2023	627.00	623.55	629.90	620.65	0.657 times
23 Thu Nov 2023	617.40	621.20	621.20	611.20	0.59 times

Stock of Steelcast (STEELCAS) has showed a significant fall. This could be a good time to exit from this stock.

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 603.8, for a target of 613.1 or 620.8

Share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Target	500.00
Downside Target	593.10
Upside Target	637.00
Upside Target	639.45
Upside Target	640.20
Upside Target	644.70
Upside Target	659.70
Upside Target	674.45
Upside Target	690.00
Upside Target	727.35
Upside Target	747.00

Intraday share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Intraday Target	580.37
Downside Intraday Target	564.78
Upside Intraday Target	624.27
Upside Intraday Target	652.58
Upside Intraday Target	608.68

Weekly technical analysis of Steelcast (STEELCAS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Dec 2023	595.95	631.00	637.00	593.10	1.851 times
01 Fri Dec 2023	621.20	627.00	636.30	617.00	0.498 times
24 Fri Nov 2023	627.00	639.45	639.45	608.05	1.13 times
17 Fri Nov 2023	622.85	640.45	644.70	615.80	0.544 times
10 Fri Nov 2023	622.60	647.05	659.70	613.60	0.991 times

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

Monthly technical analysis of Steelcast (STEELCAS)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Dec 2023	595.95	625.25	637.00	593.10	0.207 times
30 Thu Nov 2023	622.10	674.45	674.45	601.60	0.992 times
31 Tue Oct 2023	667.75	696.35	727.35	625.00	0.477 times
29 Fri Sep 2023	696.35	720.00	747.00	640.20	0.59 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 mid to longer 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.

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 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 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 SELL signal in short term and selling is picking up 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 614.18 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.