(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.
10 day averaged volume of Reliance Steel is 302870
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 290.65 | 294.77 | 295.22 | 289.42 | 1.32 times |
| 13 Mon May 2024 | 293.80 | 293.51 | 296.13 | 293.46 | 0.779 times |
| 10 Fri May 2024 | 293.15 | 295.74 | 296.77 | 292.87 | 0.753 times |
| 09 Thu May 2024 | 295.51 | 292.66 | 298.91 | 292.66 | 0.773 times |
| 08 Wed May 2024 | 292.81 | 294.02 | 297.60 | 292.60 | 0.908 times |
| 07 Tue May 2024 | 295.36 | 290.52 | 297.39 | 290.52 | 1.446 times |
| 06 Mon May 2024 | 292.16 | 292.38 | 294.33 | 289.06 | 0.986 times |
| 03 Fri May 2024 | 289.78 | 293.30 | 293.30 | 288.09 | 0.822 times |
| 02 Thu May 2024 | 290.72 | 288.65 | 291.31 | 287.16 | 0.928 times |
| 01 Wed May 2024 | 286.31 | 284.56 | 291.38 | 281.32 | 1.279 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 287 as stoploss in an intra day buy trade for a target of 299.52. However, stock will show a bearish move below 287.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 273.88 |
| Downside Target | 281.22 |
| Upside Target | 298.91 |
| Upside Target | 312.83 |
| Upside Target | 315.00 |
| Upside Target | 321.64 |
| Upside Target | 330.46 |
| Upside Target | 333.33 |
| Upside Target | 337.11 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 288 |
| Downside Intraday Target | 285.36 |
| Upside Intraday Target | 294.71 |
| Upside Intraday Target | 298.78 |
| Upside Intraday Target | 292.07 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 290.65 | 293.51 | 296.13 | 289.42 | 0.431 times |
| 10 Fri May 2024 | 293.15 | 292.38 | 298.91 | 289.06 | 0.875 times |
| 03 Fri May 2024 | 289.78 | 292.04 | 294.51 | 281.32 | 0.801 times |
| 26 Fri Apr 2024 | 290.62 | 319.07 | 321.64 | 281.22 | 2.462 times |
| 19 Fri Apr 2024 | 319.49 | 329.92 | 330.46 | 315.00 | 0.858 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 |
| 14 Tue May 2024 | 290.65 | 284.56 | 298.91 | 281.32 | 0.529 times |
| 30 Tue Apr 2024 | 284.72 | 335.40 | 342.20 | 281.22 | 1.058 times |
| 28 Thu Mar 2024 | 334.18 | 322.96 | 337.11 | 312.83 | 0.957 times |
| 29 Thu Feb 2024 | 321.22 | 286.39 | 333.33 | 285.14 | 1.317 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 291.87 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 291.87 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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.