(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 2024-03-14 View latest technical analysis
10 day averaged volume of Reliance Steel is 287830
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 319.25 | 323.88 | 324.67 | 314.21 | 1.095 times |
| 13 Wed Mar 2024 | 324.07 | 321.45 | 324.22 | 318.62 | 1.079 times |
| 12 Tue Mar 2024 | 321.18 | 318.60 | 321.49 | 316.75 | 0.614 times |
| 11 Mon Mar 2024 | 317.94 | 317.83 | 318.53 | 312.83 | 0.673 times |
| 08 Fri Mar 2024 | 319.80 | 323.55 | 324.85 | 318.22 | 1.081 times |
| 07 Thu Mar 2024 | 321.98 | 323.38 | 325.05 | 319.52 | 0.881 times |
| 06 Wed Mar 2024 | 322.27 | 325.08 | 325.08 | 319.96 | 0.672 times |
| 05 Tue Mar 2024 | 320.26 | 319.93 | 322.53 | 318.29 | 0.644 times |
| 04 Mon Mar 2024 | 321.77 | 322.08 | 325.17 | 320.78 | 0.872 times |
| 01 Fri Mar 2024 | 320.18 | 322.96 | 324.95 | 319.88 | 0.898 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 318.3 as stoploss in an intra day buy trade for a target of 321.8. However, stock will show a bearish move below 318.3.
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 | 312.83 |
| Upside Target | 324.67 |
| 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 | 313.16 |
| Downside Intraday Target | 307.08 |
| Upside Intraday Target | 325 |
| Upside Intraday Target | 330.76 |
| Downside Intraday Target | 318.92 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 319.25 | 317.83 | 324.67 | 312.83 | 0.834 times |
| 08 Fri Mar 2024 | 319.80 | 322.08 | 325.17 | 318.22 | 0.709 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 |
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 Thu Mar 2024 | 319.25 | 322.96 | 325.17 | 312.83 | 0.434 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 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 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 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 Weak 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 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 in or below 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 but buying is losing 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 320.92 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 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 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 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 Weak 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 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 in or below 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 but buying is losing 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 320.92 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.