(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 2024-08-05 View latest technical analysis
10 day averaged volume of Reliance Steel is 418057
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 283.99 | 277.14 | 289.49 | 275.00 | 1.551 times |
| 02 Fri Aug 2024 | 287.22 | 289.21 | 290.80 | 283.82 | 0.962 times |
| 01 Thu Aug 2024 | 295.95 | 304.94 | 307.28 | 293.51 | 0.82 times |
| 31 Wed Jul 2024 | 304.56 | 303.86 | 311.23 | 303.61 | 0.999 times |
| 30 Tue Jul 2024 | 302.00 | 304.00 | 305.99 | 300.48 | 0.737 times |
| 29 Mon Jul 2024 | 303.00 | 302.99 | 305.80 | 301.66 | 0.664 times |
| 26 Fri Jul 2024 | 304.05 | 302.01 | 307.21 | 301.81 | 1.083 times |
| 25 Thu Jul 2024 | 308.15 | 302.12 | 314.17 | 292.22 | 1.99 times |
| 24 Wed Jul 2024 | 293.82 | 301.22 | 302.23 | 293.75 | 1.11 times |
| 23 Tue Jul 2024 | 301.16 | 300.57 | 302.00 | 299.27 | 0.801 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 289.5, but if it comes above 289.5, then a intra day buy could be more profitable.
If you take a sell trade below 289.5, then use 289.5 as stoploss and 278.9 as target. However if you take a buy trade in stock , then use 289.5 as stoploss and 298.34 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 274.48 |
| Upside Target | 289.49 |
| Upside Target | 299.61 |
| Upside Target | 302.08 |
| Upside Target | 307.00 |
| Upside Target | 307.28 |
| Upside Target | 311.23 |
| Upside Target | 311.97 |
| Upside Target | 314.17 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 276.16 |
| Downside Intraday Target | 268.34 |
| Upside Intraday Target | 290.65 |
| Upside Intraday Target | 297.32 |
| Downside Intraday Target | 282.83 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 283.99 | 277.14 | 289.49 | 275.00 | 0.371 times |
| 02 Fri Aug 2024 | 287.22 | 302.99 | 311.23 | 283.82 | 0.719 times |
| 26 Fri Jul 2024 | 304.05 | 304.51 | 314.17 | 292.22 | 1.531 times |
| 19 Fri Jul 2024 | 304.12 | 299.61 | 311.97 | 299.61 | 0.925 times |
| 12 Fri Jul 2024 | 296.82 | 280.90 | 300.00 | 277.71 | 1.889 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 |
| 05 Mon Aug 2024 | 283.99 | 304.94 | 307.28 | 275.00 | 0.159 times |
| 31 Wed Jul 2024 | 304.56 | 286.74 | 314.17 | 277.71 | 0.957 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 |
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 gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 298.34 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 positive
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 gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 298.34 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.