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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 27127

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	73.65	76.25	76.25	73.15	2.225 times
16 Tue Apr 2024	75.20	74.25	76.65	74.15	1.293 times
15 Mon Apr 2024	74.45	75.00	77.05	74.00	2.042 times
12 Fri Apr 2024	76.15	77.25	77.25	75.55	1.435 times
10 Wed Apr 2024	76.05	76.35	77.00	75.45	1.051 times
09 Tue Apr 2024	75.65	76.65	76.65	75.40	0.428 times
08 Mon Apr 2024	75.35	78.75	78.75	74.90	0.844 times
05 Fri Apr 2024	78.20	77.50	78.85	75.40	0.93 times
04 Thu Apr 2024	76.70	76.60	77.70	74.50	0.991 times
03 Wed Apr 2024	75.90	75.60	76.20	75.25	0.513 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 74, but if it comes above 74, then a intra day buy could be more profitable.
If you take a sell trade below 74, then use 74 as stoploss and 72.7 as target. However if you take a buy trade in stock , then use 74 as stoploss and 75.19 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	65.30
Downside Target	68.05
Downside Target	72.00
Upside Target	77.05
Upside Target	77.25
Upside Target	78.75
Upside Target	78.85
Upside Target	79.90
Upside Target	81.50
Upside Target	85.55
Upside Target	94.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	72.18
Downside Intraday Target	70.72
Upside Intraday Target	76.08
Upside Intraday Target	78.52
Upside Intraday Target	74.62

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	73.65	75.00	77.05	73.15	1.48 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
28 Thu Mar 2024	74.25	76.70	77.25	73.25	1.28 times
22 Fri Mar 2024	76.10	75.65	77.10	72.45	0.753 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
18 Thu Apr 2024	73.65	74.25	78.85	73.15	0.796 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
31 Wed Jan 2024	78.90	75.00	85.55	72.00	1.007 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)

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 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 Steel City ( (STEELCITY) ) 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 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 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 Steel City in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 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 75.39 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.