(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 2024-06-27 View latest technical analysis
10 day averaged volume of Reliance Steel is 517640
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Thu Jun 2024 | 280.64 | 282.71 | 285.69 | 279.95 | 0.904 times |
| 26 Wed Jun 2024 | 282.72 | 277.94 | 282.95 | 277.01 | 0.675 times |
| 25 Tue Jun 2024 | 280.03 | 282.24 | 282.33 | 278.39 | 0.864 times |
| 24 Mon Jun 2024 | 282.10 | 283.02 | 284.95 | 281.41 | 0.677 times |
| 21 Fri Jun 2024 | 281.90 | 280.84 | 283.78 | 279.19 | 2.955 times |
| 20 Thu Jun 2024 | 280.73 | 283.06 | 284.56 | 279.89 | 0.951 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.722 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.722 times |
| 17 Mon Jun 2024 | 284.74 | 277.00 | 285.57 | 275.71 | 0.855 times |
| 14 Fri Jun 2024 | 277.09 | 276.19 | 278.38 | 274.48 | 0.819 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 278.9 as stoploss in an intra day buy trade for a target of 284.7. However, stock will show a bearish move below 278.9.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Upside Target | 286.88 |
| Upside Target | 302.08 |
| 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 | 276.54 |
| Downside Intraday Target | 272.43 |
| Upside Intraday Target | 285.22 |
| Upside Intraday Target | 289.79 |
| Upside Intraday Target | 281.11 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Thu Jun 2024 | 280.64 | 283.02 | 285.69 | 277.01 | 0.674 times |
| 21 Fri Jun 2024 | 281.90 | 285.29 | 286.88 | 279.19 | 2.934 times |
| 18 Tue Jun 2024 | 283.19 | 277.00 | 286.88 | 275.71 | 0.427 times |
| 14 Fri Jun 2024 | 277.09 | 285.15 | 286.25 | 274.48 | 1.199 times |
| 07 Fri Jun 2024 | 286.96 | 300.75 | 302.08 | 285.79 | 0.9 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 |
| 27 Thu Jun 2024 | 280.64 | 300.75 | 302.08 | 274.48 | 1.13 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 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 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.
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. Bulls are getting tired and bears 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 buy signal for Reliance Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 281.62 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 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 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.
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. Bulls are getting tired and bears 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 buy signal for Reliance Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 281.62 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.