(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 2024-01-19 View latest technical analysis
10 day averaged volume of Reliance Steel is 200730
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 278.84 | 280.92 | 280.92 | 276.70 | 0.82 times |
| 18 Thu Jan 2024 | 280.29 | 280.67 | 281.51 | 279.20 | 0.83 times |
| 17 Wed Jan 2024 | 278.85 | 275.96 | 280.09 | 275.00 | 0.648 times |
| 16 Tue Jan 2024 | 278.59 | 281.08 | 281.48 | 278.59 | 1.214 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.667 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.667 times |
| 11 Thu Jan 2024 | 280.82 | 277.49 | 280.92 | 276.40 | 1.145 times |
| 10 Wed Jan 2024 | 277.00 | 276.56 | 277.76 | 275.01 | 0.943 times |
| 09 Tue Jan 2024 | 277.49 | 282.59 | 282.59 | 276.82 | 0.95 times |
| 08 Mon Jan 2024 | 284.36 | 277.99 | 284.86 | 274.56 | 1.18 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 277.9 as stoploss in an intra day buy trade for a target of 280.15. However, stock will show a bearish move below 277.9.
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 | 282.10 |
| 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 | 275.39 |
| Downside Intraday Target | 271.94 |
| Upside Intraday Target | 281.9 |
| Upside Intraday Target | 284.96 |
| Downside Intraday Target | 278.45 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 278.84 | 281.08 | 281.51 | 275.00 | 5.269 times |
| 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 |
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 Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 278.84 | 278.77 | 284.86 | 273.88 | 0.517 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 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 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 Reliance Steel ( (RS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 280.04 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 Reliance Steel ( (RS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 280.04 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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.