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(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 2024-06-12 View latest technical analysis

10 day averaged volume of Reliance Steel is 377680

Date Daily Closing Price Open High Low Volume
12 Wed Jun 2024 280.93 283.46 284.57 280.12 0.821 times
11 Tue Jun 2024 280.79 282.84 282.84 279.38 0.96 times
10 Mon Jun 2024 284.57 285.15 286.25 280.95 1.119 times
07 Fri Jun 2024 286.96 287.59 291.47 285.79 0.906 times
06 Thu Jun 2024 289.44 289.50 291.72 288.43 0.589 times
05 Wed Jun 2024 289.36 288.15 291.15 286.48 0.969 times
04 Tue Jun 2024 288.15 294.71 297.29 287.75 1.079 times
03 Mon Jun 2024 297.23 300.75 302.08 295.92 0.68 times
31 Fri May 2024 300.78 298.43 301.39 293.84 1.819 times
30 Thu May 2024 298.16 293.20 299.30 292.30 0.954 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 278.3, for a target of 287.4 or 294.94

Share price targets for Reliance Steel (RS)

Target Type Value
Downside Target 279.38
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 278.12
Downside Intraday Target 275.32
Upside Intraday Target 284.99
Upside Intraday Target 289.06
Upside Intraday Target 282.19

Weekly technical analysis of Reliance Steel (RS)

Date Weekly Closing Price Open High Low Volume
12 Wed Jun 2024 280.93 285.15 286.25 279.38 0.687 times
07 Fri Jun 2024 286.96 300.75 302.08 285.79 0.9 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

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
12 Wed Jun 2024 280.93 300.75 302.08 279.38 0.365 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 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 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 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 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 290.43 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 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 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 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 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 290.43 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.

Daily charts

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Daily chart
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