(RS) Reliance Steel complete technical analysis [charts+indicators] | Buy/Sell Reliance Steel | (RS) share price targets
Complete technical analysis of Reliance Steel (RS) by charts plus indicators, forecast predictions and share price targets for Reliance Steel (RS)
Reliance Steel trades in USA in Basic Industries sector.
Showing technical analysis as on 2024-01-09 View latest technical analysis
10 day averaged volume of Reliance Steel is 187430
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 277.49 | 282.59 | 282.59 | 276.82 | 1.017 times |
| 08 Mon Jan 2024 | 284.36 | 277.99 | 284.86 | 274.56 | 1.263 times |
| 05 Fri Jan 2024 | 277.64 | 274.13 | 278.46 | 273.88 | 1.882 times |
| 04 Thu Jan 2024 | 275.61 | 279.84 | 281.65 | 275.24 | 1.159 times |
| 03 Wed Jan 2024 | 279.13 | 279.37 | 282.26 | 278.50 | 0.988 times |
| 02 Tue Jan 2024 | 281.43 | 278.77 | 282.49 | 278.18 | 0.983 times |
| 29 Fri Dec 2023 | 279.68 | 281.14 | 282.10 | 278.49 | 1.006 times |
| 29 Fri Dec 2023 | 279.68 | 281.14 | 282.10 | 278.49 | 1.006 times |
| 28 Thu Dec 2023 | 281.25 | 282.49 | 282.71 | 280.44 | 0.561 times |
| 27 Wed Dec 2023 | 282.91 | 282.26 | 284.33 | 282.15 | 0.599 times |
My analysis of stock is bullish for shortterm, and stock might move up till 282.3 or till 288.4. Use a stoploss of 277.16 and if this stock hits its stoploss, then it can fall down till 272.07
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 237.14 |
| Downside Target | 253.71 |
| Downside Target | 259.45 |
| Downside Target | 267.60 |
| Downside Target | 273.02 |
| Upside Target | 282.49 |
| Upside Target | 284.29 |
| Upside Target | 284.33 |
| Upside Target | 284.86 |
| Upside Target | 288.40 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 273.08 |
| Downside Intraday Target | 268.67 |
| Upside Intraday Target | 283.38 |
| Upside Intraday Target | 289.27 |
| Upside Intraday Target | 278.97 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 277.49 | 277.99 | 284.86 | 274.56 | 0.455 times |
| 05 Fri Jan 2024 | 277.64 | 278.77 | 282.49 | 273.88 | 4.981 times |
| 29 Fri Dec 2023 | 279.68 | 281.14 | 282.10 | 278.49 | 0.37 times |
| 29 Fri Dec 2023 | 279.68 | 282.51 | 284.33 | 278.49 | 0.412 times |
| 22 Fri Dec 2023 | 282.68 | 274.61 | 284.29 | 273.02 | 0.644 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 Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 277.49 | 278.77 | 284.86 | 273.88 | 0.256 times |
| 29 Fri Dec 2023 | 279.68 | 276.40 | 284.33 | 261.77 | 0.865 times |
| 30 Thu Nov 2023 | 275.26 | 254.41 | 275.98 | 253.71 | 0.79 times |
| 31 Tue Oct 2023 | 254.38 | 261.18 | 267.60 | 237.14 | 1.127 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 Reliance Steel (RS)
Price action analysis of Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
Reliance Steel 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel 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 positive zone. This is a BUY zone
Stock of Reliance Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.6 and Reliance Steel (RS) 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 Reliance Steel (RS) stock. Volume based technical analysis of Reliance Steel (RS) stock is negative.
Reliance Steel 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.
Price action analysis of Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel ( (RS) ) 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 Reliance Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
Reliance Steel 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel 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 positive zone. This is a BUY zone
Stock of Reliance Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.6 and Reliance Steel (RS) 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 Reliance Steel (RS) stock. Volume based technical analysis of Reliance Steel (RS) stock is negative.
Reliance Steel 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.