(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 2024-07-11 View latest technical analysis
10 day averaged volume of Reliance Steel is 421470
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 292.42 | 288.02 | 293.82 | 288.02 | 1.064 times |
| 10 Wed Jul 2024 | 284.15 | 278.45 | 284.62 | 278.45 | 0.715 times |
| 09 Tue Jul 2024 | 277.90 | 279.66 | 281.21 | 277.71 | 0.746 times |
| 08 Mon Jul 2024 | 280.70 | 280.90 | 282.57 | 280.32 | 0.596 times |
| 05 Fri Jul 2024 | 280.51 | 280.00 | 281.68 | 278.00 | 1.525 times |
| 03 Wed Jul 2024 | 282.24 | 283.15 | 285.35 | 281.75 | 0.633 times |
| 03 Wed Jul 2024 | 282.24 | 283.15 | 285.35 | 281.75 | 0.633 times |
| 02 Tue Jul 2024 | 282.84 | 279.98 | 283.46 | 279.43 | 0.939 times |
| 01 Mon Jul 2024 | 279.98 | 286.74 | 288.02 | 278.78 | 1.11 times |
| 28 Fri Jun 2024 | 285.60 | 283.17 | 288.49 | 282.49 | 1.993 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 289.1, for a target of 285.4 or 282.25
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Downside Target | 288.02 |
| Downside Target | 288.49 |
| Upside Target | 293.82 |
| Upside Target | 302.08 |
| Upside Target | 307.00 |
| Upside Target | 312.83 |
| Upside Target | 337.11 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 282.15 |
| Downside Intraday Target | 271.87 |
| Upside Intraday Target | 298.26 |
| Upside Intraday Target | 304.09 |
| Downside Intraday Target | 287.98 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 292.42 | 280.90 | 293.82 | 277.71 | 1.447 times |
| 05 Fri Jul 2024 | 280.51 | 283.15 | 285.35 | 278.00 | 0.804 times |
| 03 Wed Jul 2024 | 282.24 | 286.74 | 288.02 | 278.78 | 0.46 times |
| 28 Fri Jun 2024 | 285.60 | 283.02 | 288.49 | 277.01 | 1.025 times |
| 21 Fri Jun 2024 | 281.90 | 285.29 | 286.88 | 279.19 | 2.934 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 |
| 11 Thu Jul 2024 | 292.42 | 286.74 | 293.82 | 277.71 | 0.366 times |
| 28 Fri Jun 2024 | 285.60 | 300.75 | 302.08 | 274.48 | 1.243 times |
| 31 Fri May 2024 | 300.78 | 284.56 | 307.00 | 281.32 | 1.29 times |
| 30 Tue Apr 2024 | 284.72 | 335.40 | 342.20 | 281.22 | 1.058 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 283.26 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 negative.
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 283.26 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.