(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 2024-08-01 View latest technical analysis
10 day averaged volume of Reliance Steel is 407537
Date | Daily Closing Price | Open | High | Low | Volume |
01 Thu Aug 2024 | 295.95 | 304.94 | 307.28 | 293.51 | 0.841 times |
31 Wed Jul 2024 | 304.56 | 303.86 | 311.23 | 303.61 | 1.025 times |
30 Tue Jul 2024 | 302.00 | 304.00 | 305.99 | 300.48 | 0.756 times |
29 Mon Jul 2024 | 303.00 | 302.99 | 305.80 | 301.66 | 0.681 times |
26 Fri Jul 2024 | 304.05 | 302.01 | 307.21 | 301.81 | 1.111 times |
25 Thu Jul 2024 | 308.15 | 302.12 | 314.17 | 292.22 | 2.042 times |
24 Wed Jul 2024 | 293.82 | 301.22 | 302.23 | 293.75 | 1.139 times |
23 Tue Jul 2024 | 301.16 | 300.57 | 302.00 | 299.27 | 0.822 times |
22 Mon Jul 2024 | 302.70 | 304.51 | 304.51 | 299.77 | 0.855 times |
19 Fri Jul 2024 | 304.12 | 308.81 | 310.15 | 303.88 | 0.699 times |
My analysis of stock is bearish for shortterm, and stock might move down till 288.2 or till 276.6. Use a stoploss of 297.84 and if the stock hits stoploss, then it can shoot up till 307.49
Share price targets for Reliance Steel (RS)
Target Type | Value |
Downside Target | 274.48 |
Downside Target | 292.22 |
Upside Target | 299.61 |
Upside Target | 302.08 |
Upside Target | 307.00 |
Upside Target | 307.28 |
Upside Target | 311.23 |
Upside Target | 311.97 |
Upside Target | 314.17 |
Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
Target Type | Value |
Downside Intraday Target | 289.23 |
Downside Intraday Target | 282.51 |
Upside Intraday Target | 306.95 |
Upside Intraday Target | 317.95 |
Upside Intraday Target | 300.23 |
Weekly technical analysis of Reliance Steel (RS)
Date | Weekly Closing Price | Open | High | Low | Volume |
01 Thu Aug 2024 | 295.95 | 302.99 | 311.23 | 293.51 | 0.553 times |
26 Fri Jul 2024 | 304.05 | 304.51 | 314.17 | 292.22 | 1.531 times |
19 Fri Jul 2024 | 304.12 | 299.61 | 311.97 | 299.61 | 0.925 times |
12 Fri Jul 2024 | 296.82 | 280.90 | 300.00 | 277.71 | 1.889 times |
05 Fri Jul 2024 | 280.51 | 283.15 | 285.35 | 278.00 | 0.804 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 |
01 Thu Aug 2024 | 295.95 | 304.94 | 307.28 | 293.51 | 0.039 times |
31 Wed Jul 2024 | 304.56 | 286.74 | 314.17 | 277.71 | 0.957 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 |
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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. 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 in or below 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 but buying is losing 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 302.51 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. 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 in or below 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 but buying is losing 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 302.51 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.