(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 2024-02-06 View latest technical analysis
10 day averaged volume of Reliance Steel is 181090
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Feb 2024 | 291.39 | 288.52 | 291.69 | 287.55 | 0.828 times |
| 05 Mon Feb 2024 | 288.64 | 287.74 | 289.20 | 285.14 | 0.707 times |
| 02 Fri Feb 2024 | 290.14 | 289.10 | 292.24 | 286.73 | 0.949 times |
| 01 Thu Feb 2024 | 289.60 | 286.39 | 290.66 | 285.90 | 1.181 times |
| 31 Wed Jan 2024 | 285.42 | 291.19 | 291.45 | 283.83 | 1.656 times |
| 30 Tue Jan 2024 | 290.75 | 283.17 | 291.05 | 283.17 | 0.844 times |
| 29 Mon Jan 2024 | 284.84 | 281.76 | 284.92 | 279.86 | 0.914 times |
| 26 Fri Jan 2024 | 281.29 | 281.36 | 283.72 | 279.55 | 0.725 times |
| 25 Thu Jan 2024 | 280.41 | 281.49 | 283.82 | 280.00 | 0.946 times |
| 24 Wed Jan 2024 | 280.98 | 283.11 | 284.03 | 280.02 | 0.905 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 293, for a target of 287.7 or 283.34
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 237.14 |
| Downside Target | 253.71 |
| Downside Target | 261.77 |
| Downside Target | 267.60 |
| Downside Target | 273.88 |
| Downside Target | 285.14 |
| Downside Target | 286.69 |
| Upside Target | 291.45 |
| Upside Target | 291.69 |
| Upside Target | 292.24 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 287.12 |
| Downside Intraday Target | 282.86 |
| Upside Intraday Target | 293.67 |
| Upside Intraday Target | 295.96 |
| Downside Intraday Target | 289.41 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Feb 2024 | 291.39 | 287.74 | 291.69 | 285.14 | 0.277 times |
| 02 Fri Feb 2024 | 290.14 | 281.76 | 292.24 | 279.86 | 1.103 times |
| 26 Fri Jan 2024 | 281.29 | 278.47 | 286.69 | 278.13 | 1.291 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 |
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 |
| 06 Tue Feb 2024 | 291.39 | 286.39 | 292.24 | 285.14 | 0.155 times |
| 31 Wed Jan 2024 | 285.42 | 278.77 | 291.45 | 273.88 | 0.804 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 |
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 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 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 Strong and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY signal is strong.
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 286.34 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 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 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 Strong and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY signal is strong.
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 286.34 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.