(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 2024-05-02 View latest technical analysis
10 day averaged volume of Reliance Steel is 362600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 290.72 | 288.65 | 291.31 | 287.16 | 0.775 times |
| 01 Wed May 2024 | 286.31 | 284.56 | 291.38 | 281.32 | 1.068 times |
| 30 Tue Apr 2024 | 284.72 | 292.23 | 292.92 | 284.37 | 1.108 times |
| 29 Mon Apr 2024 | 293.93 | 292.04 | 294.51 | 290.30 | 1.004 times |
| 26 Fri Apr 2024 | 290.62 | 290.39 | 298.00 | 289.90 | 1.347 times |
| 25 Thu Apr 2024 | 292.13 | 295.41 | 295.41 | 281.22 | 2.538 times |
| 24 Wed Apr 2024 | 313.56 | 317.25 | 319.77 | 310.58 | 0.83 times |
| 23 Tue Apr 2024 | 313.94 | 315.99 | 317.08 | 312.42 | 0.643 times |
| 22 Mon Apr 2024 | 319.54 | 319.07 | 321.64 | 315.38 | 0.438 times |
| 19 Fri Apr 2024 | 319.49 | 319.58 | 322.83 | 315.00 | 0.617 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 297, but if it comes above 297, then a intra day buy could be more profitable.
If you take a sell trade below 297, then use 297 as stoploss and 275.5 as target. However if you take a buy trade in stock , then use 297 as stoploss and 314.84 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 273.88 |
| Downside Target | 281.22 |
| Upside Target | 291.38 |
| Upside Target | 312.83 |
| Upside Target | 321.64 |
| Upside Target | 328.83 |
| 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 | 283.19 |
| Downside Intraday Target | 275.66 |
| Upside Intraday Target | 296.38 |
| Upside Intraday Target | 302.04 |
| Downside Intraday Target | 288.85 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 290.72 | 292.04 | 294.51 | 281.32 | 0.682 times |
| 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 |
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 |
| 02 Thu May 2024 | 290.72 | 284.56 | 291.38 | 281.32 | 0.117 times |
| 30 Tue Apr 2024 | 284.72 | 335.40 | 342.20 | 281.22 | 1.058 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 |
Scroll below to view daily charts
Price has moved up 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 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 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 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 getting stronger in this stock.
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 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 296.47 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 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 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 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 getting stronger in this stock.
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 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 296.47 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.