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(ZEUS) Olympic Steel complete technical analysis [charts+indicators] | Buy/Sell Olympic Steel | (ZEUS) share price targets

Complete technical analysis of Olympic Steel (ZEUS) by charts plus indicators, forecast predictions and share price targets for Olympic Steel (ZEUS)

Olympic Steel trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-09-11 View latest technical analysis

10 day averaged volume of Olympic Steel is 182571

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	37.41	35.85	37.53	35.50	1.461 times
10 Tue Sep 2024	35.96	36.10	36.10	34.81	1.484 times
09 Mon Sep 2024	35.79	36.07	37.36	35.77	2.437 times
06 Fri Sep 2024	37.38	37.71	38.37	36.61	0.63 times
05 Thu Sep 2024	37.82	37.31	37.93	36.50	1.086 times
04 Wed Sep 2024	37.31	37.06	38.07	36.84	0.68 times
03 Tue Sep 2024	36.94	39.41	39.59	36.79	0.786 times
30 Fri Aug 2024	40.10	40.43	40.69	39.03	0.87 times
30 Fri Aug 2024	40.10	40.43	40.69	39.03	0.87 times
29 Thu Aug 2024	40.28	40.18	40.91	39.38	0.646 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.5, but if it comes above 37.5, then a intra day buy could be more profitable.
If you take a sell trade below 37.5, then use 37.5 as stoploss and 35.3 as target. However if you take a buy trade in stock , then use 37.5 as stoploss and 39.3 as target.

Share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Target	34.81
Downside Target	36.50
Upside Target	37.53
Upside Target	39.03
Upside Target	42.19
Upside Target	42.94
Upside Target	43.71
Upside Target	50.35
Upside Target	51.01
Upside Target	51.66
Upside Target	52.56
Upside Target	64.82

Intraday share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Intraday Target	35.64
Downside Intraday Target	33.86
Upside Intraday Target	38.36
Upside Intraday Target	39.3
Downside Intraday Target	36.58

Weekly technical analysis of Olympic Steel (ZEUS)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	37.41	36.07	37.53	34.81	1.692 times
06 Fri Sep 2024	37.38	39.41	39.59	36.50	3.658 times
30 Fri Aug 2024	40.10	40.43	40.69	39.03	0.287 times
30 Fri Aug 2024	40.10	42.00	42.94	39.03	1.421 times
23 Fri Aug 2024	41.62	41.02	42.19	39.97	0.983 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Olympic Steel (ZEUS)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	37.41	39.41	39.59	34.81	0.703 times
30 Fri Aug 2024	40.10	50.35	50.35	39.03	1.353 times
31 Wed Jul 2024	50.68	45.02	51.66	40.39	0.652 times
28 Fri Jun 2024	44.83	52.38	52.56	43.71	1.313 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 Olympic Steel (ZEUS)

Price action analysis of Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Olympic Steel in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Olympic 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 moving up

CCI has generated a buy signal for Olympic 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Olympic 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 37.45 and Olympic Steel (ZEUS) 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 Olympic Steel (ZEUS) stock. Volume based technical analysis of Olympic Steel (ZEUS) stock is negative.

Olympic 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.