(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 2024-09-09 View latest technical analysis
10 day averaged volume of Reliance Steel is 385370
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 272.37 | 273.61 | 276.38 | 271.87 | 0.983 times |
| 06 Fri Sep 2024 | 272.69 | 271.62 | 274.71 | 270.60 | 0.977 times |
| 05 Thu Sep 2024 | 271.96 | 273.67 | 273.67 | 269.67 | 1.124 times |
| 04 Wed Sep 2024 | 273.46 | 272.00 | 275.93 | 271.60 | 0.858 times |
| 03 Tue Sep 2024 | 272.79 | 283.55 | 283.55 | 271.41 | 0.949 times |
| 30 Fri Aug 2024 | 286.65 | 281.41 | 286.78 | 280.73 | 1.316 times |
| 30 Fri Aug 2024 | 286.65 | 281.41 | 286.78 | 280.73 | 1.316 times |
| 29 Thu Aug 2024 | 280.60 | 280.50 | 285.00 | 278.48 | 0.676 times |
| 28 Wed Aug 2024 | 278.37 | 281.37 | 281.37 | 277.46 | 0.835 times |
| 27 Tue Aug 2024 | 281.78 | 286.24 | 286.24 | 280.57 | 0.664 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 275, but if it comes above 275, then a intra day buy could be more profitable.
If you take a sell trade below 275, then use 275 as stoploss and 269.4 as target. However if you take a buy trade in stock , then use 275 as stoploss and 279.78 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 269.67 |
| Upside Target | 283.55 |
| Upside Target | 284.00 |
| Upside Target | 286.78 |
| Upside Target | 287.06 |
| Upside Target | 302.08 |
| Upside Target | 307.00 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 270.7 |
| Downside Intraday Target | 269.03 |
| Upside Intraday Target | 275.21 |
| Upside Intraday Target | 278.05 |
| Upside Intraday Target | 273.54 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 272.37 | 273.61 | 276.38 | 271.87 | 0.251 times |
| 06 Fri Sep 2024 | 272.69 | 283.55 | 283.55 | 269.67 | 2.97 times |
| 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 |
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 |
| 09 Mon Sep 2024 | 272.37 | 283.55 | 283.55 | 269.67 | 0.24 times |
| 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 |
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 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 278.1 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 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 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 278.1 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.