(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 264850
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Apr 2024 | 290.62 | 290.39 | 298.00 | 289.90 | 1.844 times |
| 25 Thu Apr 2024 | 292.13 | 295.41 | 295.41 | 281.22 | 3.474 times |
| 24 Wed Apr 2024 | 313.56 | 317.25 | 319.77 | 310.58 | 1.136 times |
| 23 Tue Apr 2024 | 313.94 | 315.99 | 317.08 | 312.42 | 0.88 times |
| 22 Mon Apr 2024 | 319.54 | 319.07 | 321.64 | 315.38 | 0.6 times |
| 19 Fri Apr 2024 | 319.49 | 319.58 | 322.83 | 315.00 | 0.845 times |
| 18 Thu Apr 2024 | 320.16 | 324.10 | 324.11 | 317.98 | 0.557 times |
| 17 Wed Apr 2024 | 322.12 | 326.81 | 326.86 | 322.04 | 0.55 times |
| 16 Tue Apr 2024 | 322.88 | 323.08 | 323.88 | 319.39 | 0.606 times |
| 15 Mon Apr 2024 | 325.23 | 329.92 | 330.46 | 323.40 | 0.663 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 294.5, for a target of 310.7 or 324.1
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 261.77 |
| Downside Target | 273.88 |
| Downside Target | 281.22 |
| Upside Target | 291.45 |
| Upside Target | 312.83 |
| Upside Target | 321.64 |
| Upside Target | 330.46 |
| Upside Target | 333.33 |
| Upside Target | 337.11 |
| Upside Target | 341.59 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 274.01 |
| Downside Intraday Target | 257.41 |
| Upside Intraday Target | 314.43 |
| Upside Intraday Target | 338.25 |
| Upside Intraday Target | 297.83 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 12 Fri Apr 2024 | 325.53 | 342.08 | 342.20 | 324.88 | 0.993 times |
| 05 Fri Apr 2024 | 340.04 | 335.40 | 341.59 | 328.83 | 1.234 times |
| 28 Thu Mar 2024 | 334.18 | 332.23 | 337.11 | 329.11 | 0.764 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 26 Fri Apr 2024 | 290.62 | 335.40 | 342.20 | 281.22 | 0.917 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 |
| 31 Wed Jan 2024 | 285.42 | 278.77 | 291.45 | 273.88 | 0.804 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 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 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 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 losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Reliance Steel in short term but BUY signal is weak.
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 305.85 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 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 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 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 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 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 losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Reliance Steel in short term but BUY signal is weak.
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 305.85 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.