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(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 326840

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 320.71 323.93 324.19 320.04 0.621 times
15 Fri Mar 2024 320.64 316.98 322.64 316.98 3.299 times
14 Thu Mar 2024 319.25 323.88 324.67 314.21 0.965 times
13 Wed Mar 2024 324.07 321.45 324.22 318.62 0.95 times
12 Tue Mar 2024 321.18 318.60 321.49 316.75 0.541 times
11 Mon Mar 2024 317.94 317.83 318.53 312.83 0.592 times
08 Fri Mar 2024 319.80 323.55 324.85 318.22 0.952 times
07 Thu Mar 2024 321.98 323.38 325.05 319.52 0.776 times
06 Wed Mar 2024 322.27 325.08 325.08 319.96 0.591 times
05 Tue Mar 2024 320.26 319.93 322.53 318.29 0.567 times

My analysis of stock is bearish for shortterm, and stock might move down till 318.7 or till 316. Use a stoploss of 320.92 and if the stock hits stoploss, then it can shoot up till 323.15

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 291.45
Downside Target 312.83
Upside Target 324.19
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 319.1
Downside Intraday Target 317.5
Upside Intraday Target 323.25
Upside Intraday Target 325.8
Upside Intraday Target 321.65

Weekly technical analysis of Reliance Steel (RS)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 320.71 323.93 324.19 320.04 0.098 times
15 Fri Mar 2024 320.64 317.83 324.67 312.83 1.737 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

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
18 Mon Mar 2024 320.71 322.96 325.17 312.83 0.66 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 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 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 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 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 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Steel in short term and BUY 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

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 320.81 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 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 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 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 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 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Steel in short term and BUY 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

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 320.81 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.

Daily charts

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Daily chart
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