(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 2024-05-06 View latest technical analysis
10 day averaged volume of Reliance Steel is 378460
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Mon May 2024 | 292.16 | 292.38 | 294.33 | 289.06 | 0.789 times |
| 03 Fri May 2024 | 289.78 | 293.30 | 293.30 | 288.09 | 0.658 times |
| 02 Thu May 2024 | 290.72 | 288.65 | 291.31 | 287.16 | 0.742 times |
| 01 Wed May 2024 | 286.31 | 284.56 | 291.38 | 281.32 | 1.024 times |
| 30 Tue Apr 2024 | 284.72 | 292.23 | 292.92 | 284.37 | 1.062 times |
| 29 Mon Apr 2024 | 293.93 | 292.04 | 294.51 | 290.30 | 0.962 times |
| 26 Fri Apr 2024 | 290.62 | 290.39 | 298.00 | 289.90 | 1.29 times |
| 25 Thu Apr 2024 | 292.13 | 295.41 | 295.41 | 281.22 | 2.431 times |
| 24 Wed Apr 2024 | 313.56 | 317.25 | 319.77 | 310.58 | 0.795 times |
| 23 Tue Apr 2024 | 313.94 | 315.99 | 317.08 | 312.42 | 0.616 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 292.8, but if it comes above 292.8, then a intra day buy could be more profitable.
If you take a sell trade below 292.8, then use 292.8 as stoploss and 272.2 as target. However if you take a buy trade in stock , then use 292.8 as stoploss and 310.08 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 273.88 |
| Downside Target | 281.22 |
| Upside Target | 312.83 |
| Upside Target | 315.00 |
| Upside Target | 321.64 |
| Upside Target | 324.88 |
| Upside Target | 330.46 |
| Upside Target | 333.33 |
| Upside Target | 337.11 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 289.37 |
| Downside Intraday Target | 286.58 |
| Upside Intraday Target | 294.64 |
| Upside Intraday Target | 297.12 |
| Downside Intraday Target | 291.85 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Mon May 2024 | 292.16 | 292.38 | 294.33 | 289.06 | 0.177 times |
| 03 Fri May 2024 | 289.78 | 292.04 | 294.51 | 281.32 | 0.801 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 |
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 |
| 06 Mon May 2024 | 292.16 | 284.56 | 294.33 | 281.32 | 0.213 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and selling is picking up 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 Reliance 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 293.47 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and selling is picking up 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 Reliance 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 293.47 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.