(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 2024-10-11 View latest technical analysis
10 day averaged volume of Reliance Steel is 249610
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Fri Oct 2024 | 290.95 | 286.67 | 291.46 | 284.63 | 1.1 times |
| 10 Thu Oct 2024 | 286.42 | 284.55 | 287.00 | 283.91 | 1.101 times |
| 09 Wed Oct 2024 | 288.07 | 282.60 | 288.07 | 281.45 | 0.904 times |
| 08 Tue Oct 2024 | 283.46 | 282.77 | 284.94 | 280.00 | 1.137 times |
| 07 Mon Oct 2024 | 284.67 | 280.00 | 284.86 | 277.64 | 1.091 times |
| 04 Fri Oct 2024 | 281.38 | 284.20 | 284.98 | 280.48 | 0.911 times |
| 03 Thu Oct 2024 | 279.86 | 284.64 | 285.07 | 279.02 | 1.093 times |
| 02 Wed Oct 2024 | 285.93 | 289.77 | 292.10 | 284.03 | 0.885 times |
| 01 Tue Oct 2024 | 289.96 | 287.94 | 291.04 | 285.56 | 0.912 times |
| 30 Mon Sep 2024 | 289.21 | 289.82 | 289.82 | 286.00 | 1.107 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 289.3, but if it comes below 289.3, then a intra day sell could be more profitable.
If you take a sell trade below 289.3, then use 289.3 as stoploss and 285.22 as target. However if you take a buy trade in stock , then use 289.3 as stoploss and 294.2 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 274.48 |
| Downside Target | 287.00 |
| Upside Target | 291.46 |
| Upside Target | 292.10 |
| Upside Target | 293.68 |
| Upside Target | 302.08 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 281.91 |
| Downside Intraday Target | 272.86 |
| Upside Intraday Target | 295.73 |
| Upside Intraday Target | 300.5 |
| Downside Intraday Target | 286.68 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Fri Oct 2024 | 290.95 | 280.00 | 291.46 | 277.64 | 1.087 times |
| 04 Fri Oct 2024 | 281.38 | 289.82 | 292.10 | 279.02 | 0.764 times |
| 27 Fri Sep 2024 | 289.62 | 281.82 | 293.68 | 278.70 | 0.598 times |
| 20 Fri Sep 2024 | 281.08 | 279.39 | 287.00 | 276.35 | 1.44 times |
| 13 Fri Sep 2024 | 277.90 | 273.61 | 280.00 | 264.99 | 1.236 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 Fri Oct 2024 | 290.95 | 287.94 | 292.10 | 277.64 | 0.288 times |
| 30 Mon Sep 2024 | 289.21 | 283.55 | 293.68 | 264.99 | 1.009 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 |
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 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 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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 green color and prices are above the green 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 285.96 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 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 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 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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 green color and prices are above the green 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 285.96 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.