(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 2024-06-03 View latest technical analysis
10 day averaged volume of Reliance Steel is 370277
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 297.23 | 300.75 | 302.08 | 295.92 | 0.694 times |
| 31 Fri May 2024 | 300.78 | 298.43 | 301.39 | 293.84 | 1.855 times |
| 30 Thu May 2024 | 298.16 | 293.20 | 299.30 | 292.30 | 0.973 times |
| 29 Wed May 2024 | 292.53 | 299.95 | 302.20 | 292.29 | 0.943 times |
| 28 Tue May 2024 | 302.13 | 303.65 | 304.59 | 298.95 | 1.016 times |
| 24 Fri May 2024 | 303.80 | 307.00 | 307.00 | 303.03 | 0.888 times |
| 23 Thu May 2024 | 304.80 | 301.72 | 306.12 | 301.02 | 0.93 times |
| 22 Wed May 2024 | 302.27 | 299.46 | 304.05 | 299.46 | 0.884 times |
| 21 Tue May 2024 | 300.55 | 302.63 | 303.44 | 298.53 | 0.653 times |
| 20 Mon May 2024 | 303.31 | 299.35 | 303.90 | 298.00 | 0.894 times |
My analysis of stock is bearish for shortterm, and stock might move down till 293.4 or till 288.3. Use a stoploss of 297.6 and if the stock hits stoploss, then it can shoot up till 301.82
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 281.22 |
| Upside Target | 302.08 |
| Upside Target | 304.59 |
| Upside Target | 307.00 |
| Upside Target | 312.83 |
| 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 | 294.74 |
| Downside Intraday Target | 292.25 |
| Upside Intraday Target | 300.9 |
| Upside Intraday Target | 304.57 |
| Upside Intraday Target | 298.41 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 297.23 | 300.75 | 302.08 | 295.92 | 0.145 times |
| 31 Fri May 2024 | 300.78 | 303.65 | 304.59 | 292.29 | 1.126 times |
| 24 Fri May 2024 | 303.80 | 299.35 | 307.00 | 298.00 | 0.959 times |
| 17 Fri May 2024 | 298.37 | 293.51 | 299.79 | 289.42 | 1.114 times |
| 10 Fri May 2024 | 293.15 | 292.38 | 298.91 | 289.06 | 0.875 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 |
| 03 Mon Jun 2024 | 297.23 | 300.75 | 302.08 | 295.92 | 0.035 times |
| 31 Fri May 2024 | 300.78 | 284.56 | 307.00 | 281.32 | 1.29 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 |
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 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Reliance Steel in short term but the buy signal is initial and weak.
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 coming down
CCI has generated a SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY 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 300.62 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 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Reliance Steel in short term but the buy signal is initial and weak.
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 coming down
CCI has generated a SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY 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 300.62 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.