(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 2024-06-28 View latest technical analysis
10 day averaged volume of Reliance Steel is 525070
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Fri Jun 2024 | 285.60 | 283.17 | 288.49 | 282.49 | 1.6 times |
| 27 Thu Jun 2024 | 280.64 | 282.71 | 285.69 | 279.95 | 0.891 times |
| 26 Wed Jun 2024 | 282.72 | 277.94 | 282.95 | 277.01 | 0.665 times |
| 25 Tue Jun 2024 | 280.03 | 282.24 | 282.33 | 278.39 | 0.851 times |
| 24 Mon Jun 2024 | 282.10 | 283.02 | 284.95 | 281.41 | 0.668 times |
| 21 Fri Jun 2024 | 281.90 | 280.84 | 283.78 | 279.19 | 2.913 times |
| 20 Thu Jun 2024 | 280.73 | 283.06 | 284.56 | 279.89 | 0.938 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.712 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.712 times |
| 17 Mon Jun 2024 | 284.74 | 277.00 | 285.57 | 275.71 | 0.843 times |
My analysis of stock is bullish for shortterm, and stock might move up till 288.4 or till 293.8. Use a stoploss of 283.94 and if this stock hits its stoploss, then it can fall down till 279.47
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Upside Target | 286.88 |
| Upside Target | 288.49 |
| 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 | 278.91 |
| Downside Intraday Target | 272.22 |
| Upside Intraday Target | 290.39 |
| Upside Intraday Target | 295.18 |
| Downside Intraday Target | 283.7 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Fri Jun 2024 | 285.60 | 283.02 | 288.49 | 277.01 | 1.025 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 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 |
| 28 Fri Jun 2024 | 285.60 | 300.75 | 302.08 | 274.48 | 1.243 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 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 to mid 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 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 BUY. 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 282.55 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 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 to mid 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 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 BUY. 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 282.55 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.