(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 2024-09-18 View latest technical analysis
10 day averaged volume of Reliance Steel is 352971
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Sep 2024 | 277.11 | 281.00 | 282.50 | 276.35 | 1.034 times |
| 17 Tue Sep 2024 | 280.61 | 280.20 | 282.90 | 277.83 | 0.751 times |
| 16 Mon Sep 2024 | 279.29 | 279.39 | 280.75 | 276.60 | 0.745 times |
| 13 Fri Sep 2024 | 277.90 | 276.30 | 280.00 | 274.60 | 0.798 times |
| 12 Thu Sep 2024 | 274.04 | 273.80 | 274.75 | 270.98 | 0.915 times |
| 11 Wed Sep 2024 | 272.22 | 270.44 | 273.13 | 264.99 | 1.538 times |
| 10 Tue Sep 2024 | 271.23 | 272.73 | 273.28 | 268.61 | 0.951 times |
| 09 Mon Sep 2024 | 272.37 | 273.61 | 276.38 | 271.87 | 1.073 times |
| 06 Fri Sep 2024 | 272.69 | 271.62 | 274.71 | 270.60 | 1.066 times |
| 05 Thu Sep 2024 | 271.96 | 273.67 | 273.67 | 269.67 | 1.227 times |
My analysis of stock is bearish for shortterm, and stock might move down till 272.8 or till 266.7. Use a stoploss of 277.89 and if the stock hits stoploss, then it can shoot up till 282.96
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Upside Target | 282.90 |
| Upside Target | 283.55 |
| 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 | 274.67 |
| Downside Intraday Target | 272.24 |
| Upside Intraday Target | 281.22 |
| Upside Intraday Target | 285.34 |
| Upside Intraday Target | 278.79 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Sep 2024 | 277.11 | 279.39 | 282.90 | 276.35 | 0.48 times |
| 13 Fri Sep 2024 | 277.90 | 273.61 | 280.00 | 264.99 | 1.236 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 |
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 |
| 18 Wed Sep 2024 | 277.11 | 283.55 | 283.55 | 264.99 | 0.542 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 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 short 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 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 neutral. A longer time frame might give a better analysis.
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 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 274.42 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 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 short 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 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 neutral. A longer time frame might give a better analysis.
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 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 274.42 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.