(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 2024-03-11 View latest technical analysis
10 day averaged volume of Reliance Steel is 287960
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Mon Mar 2024 | 317.94 | 317.83 | 318.53 | 312.83 | 0.672 times |
| 08 Fri Mar 2024 | 319.80 | 323.55 | 324.85 | 318.22 | 1.08 times |
| 07 Thu Mar 2024 | 321.98 | 323.38 | 325.05 | 319.52 | 0.881 times |
| 06 Wed Mar 2024 | 322.27 | 325.08 | 325.08 | 319.96 | 0.671 times |
| 05 Tue Mar 2024 | 320.26 | 319.93 | 322.53 | 318.29 | 0.643 times |
| 04 Mon Mar 2024 | 321.77 | 322.08 | 325.17 | 320.78 | 0.871 times |
| 01 Fri Mar 2024 | 320.18 | 322.96 | 324.95 | 319.88 | 0.898 times |
| 29 Thu Feb 2024 | 321.22 | 321.80 | 322.37 | 317.83 | 2.586 times |
| 28 Wed Feb 2024 | 321.46 | 320.50 | 324.16 | 318.17 | 0.866 times |
| 27 Tue Feb 2024 | 322.90 | 325.04 | 326.38 | 322.10 | 0.886 times |
My analysis of stock is bullish for shortterm, and stock might move up till 328.3 or till 341. Use a stoploss of 317.68 and if this stock hits its stoploss, then it can fall down till 307.08
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 253.71 |
| Downside Target | 261.77 |
| Downside Target | 273.88 |
| Downside Target | 284.33 |
| Downside Target | 312.83 |
| Upside Target | 318.53 |
| Upside Target | 325.17 |
| Upside Target | 325.82 |
| Upside Target | 327.81 |
| Upside Target | 333.33 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 314.34 |
| Downside Intraday Target | 310.73 |
| Upside Intraday Target | 320.04 |
| Upside Intraday Target | 322.13 |
| Downside Intraday Target | 316.43 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Mon Mar 2024 | 317.94 | 317.83 | 318.53 | 312.83 | 0.162 times |
| 08 Fri Mar 2024 | 319.80 | 322.08 | 325.17 | 318.22 | 0.709 times |
| 01 Fri Mar 2024 | 320.18 | 322.89 | 327.81 | 317.83 | 1.435 times |
| 23 Fri Feb 2024 | 324.12 | 323.36 | 325.82 | 313.42 | 0.657 times |
| 16 Fri Feb 2024 | 326.43 | 300.00 | 333.33 | 286.25 | 2.051 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 |
| 11 Mon Mar 2024 | 317.94 | 322.96 | 325.17 | 312.83 | 0.292 times |
| 29 Thu Feb 2024 | 321.22 | 286.39 | 333.33 | 285.14 | 1.317 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 |
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 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 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 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 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 above 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 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 321.05 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 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 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 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 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 above 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 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 321.05 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.