(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 2024-01-25 View latest technical analysis
10 day averaged volume of Reliance Steel is 181030
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Thu Jan 2024 | 280.41 | 281.49 | 283.82 | 280.00 | 0.947 times |
| 24 Wed Jan 2024 | 280.98 | 283.11 | 284.03 | 280.02 | 0.905 times |
| 23 Tue Jan 2024 | 281.58 | 285.00 | 286.69 | 280.77 | 1.172 times |
| 22 Mon Jan 2024 | 283.37 | 278.47 | 283.40 | 278.13 | 1.28 times |
| 19 Fri Jan 2024 | 278.84 | 280.92 | 280.92 | 276.70 | 0.909 times |
| 18 Thu Jan 2024 | 280.29 | 280.67 | 281.51 | 279.20 | 0.921 times |
| 17 Wed Jan 2024 | 278.85 | 275.96 | 280.09 | 275.00 | 0.718 times |
| 16 Tue Jan 2024 | 278.59 | 281.08 | 281.48 | 278.59 | 1.346 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.739 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.739 times |
My analysis of stock is bullish for shortterm, and stock might move up till 282.1 or till 284.7. Use a stoploss of 279.98 and if this stock hits its stoploss, then it can fall down till 277.86
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 | 286.69 |
| Upside Target | 288.40 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 276.8 |
| Downside Intraday Target | 273.18 |
| Upside Intraday Target | 285.36 |
| Upside Intraday Target | 290.3 |
| Upside Intraday Target | 281.74 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Thu Jan 2024 | 280.41 | 278.47 | 286.69 | 278.13 | 1.105 times |
| 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 |
Price has moved up 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 |
| 25 Thu Jan 2024 | 280.41 | 278.77 | 286.69 | 273.88 | 0.663 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 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 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 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 Weak 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 tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 280.71 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 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 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 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 Weak 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 tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 280.71 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.