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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 2024-09-27 View latest technical analysis

10 day averaged volume of Olympic Steel is 533770

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	39.36	39.16	40.48	39.16	0.313 times
26 Thu Sep 2024	38.84	38.94	39.97	38.82	0.406 times
25 Wed Sep 2024	38.05	38.41	38.64	37.79	0.308 times
24 Tue Sep 2024	38.53	38.41	39.72	38.40	0.512 times
23 Mon Sep 2024	37.87	38.21	38.23	37.36	0.66 times
20 Fri Sep 2024	37.84	39.20	39.47	37.65	6.179 times
19 Thu Sep 2024	39.54	39.74	40.03	39.04	0.384 times
18 Wed Sep 2024	38.54	38.94	40.38	38.01	0.386 times
17 Tue Sep 2024	38.77	38.71	39.22	37.96	0.43 times
16 Mon Sep 2024	38.47	38.69	38.89	36.89	0.425 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.1, but if it comes below 39.1, then a intra day sell could be more profitable.
If you take a sell trade below 39.1, then use 39.1 as stoploss and 38.04 as target. However if you take a buy trade in stock , then use 39.1 as stoploss and 40.4 as target.

Share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Target	34.81
Downside Target	36.50
Downside Target	39.03
Upside Target	40.38
Upside Target	40.48
Upside Target	40.69
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	37.65
Downside Intraday Target	35.95
Upside Intraday Target	40.77
Upside Intraday Target	42.19
Downside Intraday Target	39.07

Weekly technical analysis of Olympic Steel (ZEUS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	39.36	38.21	40.48	37.36	0.282 times
20 Fri Sep 2024	37.84	38.69	40.38	36.89	3.175 times
13 Fri Sep 2024	38.60	36.07	39.46	34.81	2.259 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

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 Olympic Steel (ZEUS)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	39.36	39.41	40.48	34.81	3.249 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, and volume has increased substantially. This means that the move can 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 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Olympic Steel in short term but the buy signal is initial and weak.

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

Olympic 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 stronger in this stock.

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

CCI has generated a buy signal for Olympic Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Olympic 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 38.13 and Olympic Steel (ZEUS) 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 Olympic Steel (ZEUS) stock. Volume based technical analysis of Olympic Steel (ZEUS) stock is negative.

Olympic Steel Stock is giving positive 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.