(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 2024-03-01 View latest technical analysis
10 day averaged volume of Reliance Steel is 359720
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Fri Mar 2024 | 320.18 | 322.96 | 324.95 | 319.88 | 0.719 times |
| 29 Thu Feb 2024 | 321.22 | 321.80 | 322.37 | 317.83 | 2.07 times |
| 28 Wed Feb 2024 | 321.46 | 320.50 | 324.16 | 318.17 | 0.693 times |
| 27 Tue Feb 2024 | 322.90 | 325.04 | 326.38 | 322.10 | 0.709 times |
| 26 Mon Feb 2024 | 325.59 | 322.89 | 327.81 | 322.43 | 0.494 times |
| 23 Fri Feb 2024 | 324.12 | 320.70 | 325.12 | 319.19 | 0.629 times |
| 22 Thu Feb 2024 | 319.30 | 316.27 | 320.20 | 316.27 | 0.598 times |
| 21 Wed Feb 2024 | 316.27 | 318.02 | 319.03 | 313.42 | 0.862 times |
| 20 Tue Feb 2024 | 317.57 | 323.36 | 325.82 | 317.32 | 1.177 times |
| 16 Fri Feb 2024 | 326.43 | 331.40 | 333.33 | 326.40 | 1.098 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 324.5 as stoploss in an intra day sell trade for a target of 309.75. However, stock will show a bullish move above 324.5.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 253.71 |
| Downside Target | 261.77 |
| Downside Target | 273.88 |
| Downside Target | 299.75 |
| Downside Target | 313.42 |
| Downside Target | 317.83 |
| Downside Target | 319.88 |
| Upside Target | 324.95 |
| Upside Target | 325.82 |
| Upside Target | 327.81 |
| Upside Target | 333.33 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 316.07 |
| Downside Intraday Target | 311.96 |
| Upside Intraday Target | 326.05 |
| Upside Intraday Target | 331.92 |
| Upside Intraday Target | 321.94 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Fri Mar 2024 | 320.18 | 322.89 | 327.81 | 317.83 | 1.435 times |
| 23 Fri Feb 2024 | 324.12 | 323.36 | 325.82 | 313.42 | 0.657 times |
| 16 Fri Feb 2024 | 326.43 | 300.00 | 333.33 | 286.25 | 2.051 times |
| 09 Fri Feb 2024 | 299.61 | 287.74 | 299.75 | 285.14 | 0.868 times |
| 02 Fri Feb 2024 | 290.14 | 281.76 | 292.24 | 279.86 | 1.103 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 |
| 01 Fri Mar 2024 | 320.18 | 322.96 | 324.95 | 319.88 | 0.046 times |
| 29 Thu Feb 2024 | 321.22 | 286.39 | 333.33 | 285.14 | 1.317 times |
| 31 Wed Jan 2024 | 285.42 | 278.77 | 291.45 | 273.88 | 0.804 times |
| 29 Fri Dec 2023 | 279.68 | 276.40 | 284.33 | 261.77 | 0.865 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 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 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 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 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 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 321.29 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 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 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 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 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 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 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 321.29 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.