(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 2024-01-12 View latest technical analysis
10 day averaged volume of Reliance Steel is 210830
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.635 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.635 times |
| 11 Thu Jan 2024 | 280.82 | 277.49 | 280.92 | 276.40 | 1.09 times |
| 10 Wed Jan 2024 | 277.00 | 276.56 | 277.76 | 275.01 | 0.897 times |
| 09 Tue Jan 2024 | 277.49 | 282.59 | 282.59 | 276.82 | 0.904 times |
| 08 Mon Jan 2024 | 284.36 | 277.99 | 284.86 | 274.56 | 1.123 times |
| 05 Fri Jan 2024 | 277.64 | 274.13 | 278.46 | 273.88 | 1.673 times |
| 04 Thu Jan 2024 | 275.61 | 279.84 | 281.65 | 275.24 | 1.03 times |
| 03 Wed Jan 2024 | 279.13 | 279.37 | 282.26 | 278.50 | 0.878 times |
| 02 Tue Jan 2024 | 281.43 | 278.77 | 282.49 | 278.18 | 0.874 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 282.5 as stoploss in an intra day sell trade for a target of 279.47. However, stock will show a bullish move above 282.5.
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 | 273.88 |
| Upside Target | 282.49 |
| Upside Target | 282.83 |
| 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 | 279.55 |
| Downside Intraday Target | 277.13 |
| Upside Intraday Target | 283.61 |
| Upside Intraday Target | 285.25 |
| Downside Intraday Target | 281.19 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.136 times |
| 12 Fri Jan 2024 | 281.97 | 277.99 | 284.86 | 274.56 | 1.044 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 |
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 |
| 12 Fri Jan 2024 | 281.97 | 278.77 | 284.86 | 273.88 | 0.385 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 up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Reliance Steel ( (RS) ) based on a short 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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
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 Reliance Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.52 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Reliance Steel ( (RS) ) based on a short 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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
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 Reliance Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.52 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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.