(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 2024-07-01 View latest technical analysis
10 day averaged volume of Reliance Steel is 566700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 279.98 | 286.74 | 288.02 | 278.78 | 0.826 times |
| 28 Fri Jun 2024 | 285.60 | 283.17 | 288.49 | 282.49 | 1.483 times |
| 27 Thu Jun 2024 | 280.64 | 282.71 | 285.69 | 279.95 | 0.825 times |
| 26 Wed Jun 2024 | 282.72 | 277.94 | 282.95 | 277.01 | 0.617 times |
| 25 Tue Jun 2024 | 280.03 | 282.24 | 282.33 | 278.39 | 0.789 times |
| 24 Mon Jun 2024 | 282.10 | 283.02 | 284.95 | 281.41 | 0.619 times |
| 21 Fri Jun 2024 | 281.90 | 280.84 | 283.78 | 279.19 | 2.699 times |
| 20 Thu Jun 2024 | 280.73 | 283.06 | 284.56 | 279.89 | 0.869 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.659 times |
| 18 Tue Jun 2024 | 283.19 | 285.29 | 286.88 | 279.78 | 0.659 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 279.7 as stoploss in an intra day buy trade for a target of 283.08. However, stock will show a bearish move below 279.7.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Upside Target | 286.88 |
| Upside Target | 288.02 |
| Upside Target | 288.49 |
| Upside Target | 302.08 |
| Upside Target | 307.00 |
| Upside Target | 312.83 |
| Upside Target | 337.11 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 276.5 |
| Downside Intraday Target | 273.02 |
| Upside Intraday Target | 285.74 |
| Upside Intraday Target | 291.5 |
| Upside Intraday Target | 282.26 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 279.98 | 286.74 | 288.02 | 278.78 | 0.191 times |
| 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 |
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 |
| 01 Mon Jul 2024 | 279.98 | 286.74 | 288.02 | 278.78 | 0.051 times |
| 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 |
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 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 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 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 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 gaining 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 SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 282.17 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 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 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 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 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 gaining 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 SELL signal for Reliance Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 282.17 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.