(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 2024-08-30 View latest technical analysis
10 day averaged volume of Reliance Steel is 307832
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 286.65 | 281.41 | 286.78 | 280.73 | 1.647 times |
| 30 Fri Aug 2024 | 286.65 | 281.41 | 286.78 | 280.73 | 1.647 times |
| 29 Thu Aug 2024 | 280.60 | 280.50 | 285.00 | 278.48 | 0.846 times |
| 28 Wed Aug 2024 | 278.37 | 281.37 | 281.37 | 277.46 | 1.046 times |
| 27 Tue Aug 2024 | 281.78 | 286.24 | 286.24 | 280.57 | 0.831 times |
| 26 Mon Aug 2024 | 286.71 | 284.83 | 287.06 | 283.08 | 1.611 times |
| 23 Fri Aug 2024 | 282.14 | 281.00 | 283.22 | 279.03 | 0.891 times |
| 22 Thu Aug 2024 | 279.20 | 283.50 | 283.50 | 278.08 | 0.936 times |
| 21 Wed Aug 2024 | 283.35 | 281.66 | 283.78 | 279.39 | 0.749 times |
| 20 Tue Aug 2024 | 279.07 | 280.44 | 281.16 | 278.18 | 0.773 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 285.2, but if it comes below 285.2, then a intra day sell could be more profitable.
If you take a sell trade below 285.2, then use 285.2 as stoploss and 282.44 as target. However if you take a buy trade in stock , then use 285.2 as stoploss and 288.5 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Downside Target | 286.22 |
| Upside Target | 286.78 |
| Upside Target | 287.06 |
| Upside Target | 293.86 |
| Upside Target | 302.08 |
| Upside Target | 307.00 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 282.66 |
| Downside Intraday Target | 278.67 |
| Upside Intraday Target | 288.71 |
| Upside Intraday Target | 290.77 |
| Downside Intraday Target | 284.72 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 286.65 | 281.41 | 286.78 | 280.73 | 0.275 times |
| 30 Fri Aug 2024 | 286.65 | 284.83 | 287.06 | 277.46 | 1.488 times |
| 23 Fri Aug 2024 | 282.14 | 281.99 | 284.00 | 278.08 | 0.921 times |
| 16 Fri Aug 2024 | 281.54 | 282.82 | 286.22 | 277.79 | 0.616 times |
| 09 Fri Aug 2024 | 282.82 | 277.14 | 293.86 | 275.00 | 1.247 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 |
| 30 Fri Aug 2024 | 286.65 | 304.94 | 307.28 | 275.00 | 0.894 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 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term
RSI is generating a BUY signal in short term but buying is losing 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 283.27 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term
RSI is generating a BUY signal in short term but buying is losing 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 283.27 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.