(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 2024-03-07 View latest technical analysis
10 day averaged volume of Reliance Steel is 275620
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 321.98 | 323.38 | 325.05 | 319.52 | 0.92 times |
| 06 Wed Mar 2024 | 322.27 | 325.08 | 325.08 | 319.96 | 0.701 times |
| 05 Tue Mar 2024 | 320.26 | 319.93 | 322.53 | 318.29 | 0.672 times |
| 04 Mon Mar 2024 | 321.77 | 322.08 | 325.17 | 320.78 | 0.91 times |
| 01 Fri Mar 2024 | 320.18 | 322.96 | 324.95 | 319.88 | 0.938 times |
| 29 Thu Feb 2024 | 321.22 | 321.80 | 322.37 | 317.83 | 2.702 times |
| 28 Wed Feb 2024 | 321.46 | 320.50 | 324.16 | 318.17 | 0.905 times |
| 27 Tue Feb 2024 | 322.90 | 325.04 | 326.38 | 322.10 | 0.925 times |
| 26 Mon Feb 2024 | 325.59 | 322.89 | 327.81 | 322.43 | 0.645 times |
| 23 Fri Feb 2024 | 324.12 | 320.70 | 325.12 | 319.19 | 0.821 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 327.7 as stoploss in an intra day sell trade for a target of 315.64. However, stock will show a bullish move above 327.7.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 253.71 |
| Downside Target | 261.77 |
| Downside Target | 273.88 |
| Downside Target | 284.33 |
| Downside Target | 299.75 |
| Downside Target | 313.42 |
| Downside Target | 318.29 |
| Upside Target | 325.17 |
| 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 | 318.46 |
| Downside Intraday Target | 314.93 |
| Upside Intraday Target | 325.34 |
| Upside Intraday Target | 328.69 |
| Downside Intraday Target | 321.81 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 321.98 | 322.08 | 325.17 | 318.29 | 0.524 times |
| 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 |
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 |
| 07 Thu Mar 2024 | 321.98 | 322.96 | 325.17 | 318.29 | 0.202 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 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 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 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 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 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 losing 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 SELL signal for Reliance Steel in short term and SELL 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 321.94 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 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 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 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 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 losing 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 SELL signal for Reliance Steel in short term and SELL 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 321.94 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.