(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 735789
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 269.26 | 266.75 | 271.66 | 266.75 | 0.47 times |
| 30 Mon Dec 2024 | 266.22 | 267.81 | 269.48 | 265.98 | 0.376 times |
| 27 Fri Dec 2024 | 269.73 | 269.61 | 273.39 | 268.04 | 0.407 times |
| 26 Thu Dec 2024 | 271.30 | 268.81 | 272.05 | 268.16 | 0.453 times |
| 24 Tue Dec 2024 | 270.98 | 270.43 | 271.83 | 269.45 | 0.179 times |
| 23 Mon Dec 2024 | 270.08 | 268.25 | 270.68 | 267.01 | 0.538 times |
| 20 Fri Dec 2024 | 269.02 | 261.93 | 271.32 | 256.98 | 5.317 times |
| 19 Thu Dec 2024 | 264.20 | 269.24 | 272.50 | 262.49 | 0.68 times |
| 18 Wed Dec 2024 | 268.47 | 280.31 | 282.67 | 267.42 | 0.592 times |
| 17 Tue Dec 2024 | 280.07 | 285.21 | 285.65 | 277.52 | 0.928 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 268 as stoploss in an intra day buy trade for a target of 289.42. However, stock will show a bearish move below 268.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 256.98 |
| Downside Target | 264.99 |
| Upside Target | 283.80 |
| Upside Target | 291.38 |
| Upside Target | 293.68 |
| Upside Target | 299.61 |
| Upside Target | 307.28 |
| Upside Target | 310.31 |
| Upside Target | 318.88 |
| Upside Target | 323.15 |
| Upside Target | 326.87 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 266.27 |
| Downside Intraday Target | 263.29 |
| Upside Intraday Target | 271.95 |
| Upside Intraday Target | 274.65 |
| Downside Intraday Target | 268.97 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 269.26 | 267.81 | 271.66 | 265.98 | 0.537 times |
| 27 Fri Dec 2024 | 269.73 | 268.25 | 273.39 | 267.01 | 0.196 times |
| 20 Fri Dec 2024 | 269.02 | 290.00 | 291.38 | 256.98 | 3.79 times |
| 13 Fri Dec 2024 | 292.16 | 308.17 | 310.31 | 291.73 | 7.604 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.267 times |
Price has moved down 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 |
| 31 Tue Dec 2024 | 269.26 | 308.17 | 310.31 | 256.98 | 1.391 times |
| 26 Tue Nov 2024 | 321.91 | 286.61 | 326.87 | 283.80 | 1.058 times |
| 31 Thu Oct 2024 | 286.34 | 287.94 | 299.61 | 277.64 | 0.794 times |
| 30 Mon Sep 2024 | 289.21 | 283.55 | 293.68 | 264.99 | 1.009 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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
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 269.82 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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
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 269.82 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.