(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 2024-02-14 View latest technical analysis
10 day averaged volume of Reliance Steel is 205960
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 294.65 | 290.71 | 295.27 | 288.57 | 1.412 times |
| 13 Tue Feb 2024 | 289.07 | 293.08 | 294.68 | 286.25 | 1.24 times |
| 12 Mon Feb 2024 | 298.47 | 300.00 | 302.89 | 298.10 | 1.197 times |
| 09 Fri Feb 2024 | 299.61 | 298.51 | 299.75 | 297.60 | 0.996 times |
| 08 Thu Feb 2024 | 297.43 | 297.70 | 298.55 | 296.86 | 0.911 times |
| 07 Wed Feb 2024 | 298.26 | 292.73 | 298.60 | 291.91 | 0.976 times |
| 06 Tue Feb 2024 | 291.39 | 288.52 | 291.69 | 287.55 | 0.728 times |
| 05 Mon Feb 2024 | 288.64 | 287.74 | 289.20 | 285.14 | 0.622 times |
| 02 Fri Feb 2024 | 290.14 | 289.10 | 292.24 | 286.73 | 0.835 times |
| 01 Thu Feb 2024 | 289.60 | 286.39 | 290.66 | 285.90 | 1.038 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 294.9 as stoploss in an intra day sell trade for a target of 288.25. However, stock will show a bullish move above 294.9.
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 | 286.25 |
| Downside Target | 286.69 |
| Downside Target | 291.45 |
| Downside Target | 292.24 |
| Upside Target | 299.75 |
| Upside Target | 302.89 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 286.3 |
| Downside Intraday Target | 277.96 |
| Upside Intraday Target | 302.94 |
| Upside Intraday Target | 311.24 |
| Downside Intraday Target | 294.6 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 294.65 | 300.00 | 302.89 | 286.25 | 0.909 times |
| 09 Fri Feb 2024 | 299.61 | 287.74 | 299.75 | 285.14 | 0.868 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 |
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 |
| 14 Wed Feb 2024 | 294.65 | 286.39 | 302.89 | 285.14 | 0.478 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 BUY signal for Reliance Steel in short term and the buy signal is strong.
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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 294 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 BUY signal for Reliance Steel in short term and the buy signal is strong.
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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 294 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.