(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 2024-10-29 View latest technical analysis
10 day averaged volume of Reliance Steel is 312040
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 294.35 | 294.99 | 295.50 | 292.30 | 0.813 times |
| 28 Mon Oct 2024 | 297.54 | 285.42 | 299.61 | 285.42 | 1.194 times |
| 25 Fri Oct 2024 | 283.54 | 292.88 | 293.80 | 283.25 | 1.182 times |
| 24 Thu Oct 2024 | 293.80 | 289.49 | 298.43 | 286.69 | 2.039 times |
| 23 Wed Oct 2024 | 282.63 | 287.19 | 289.81 | 281.81 | 1.242 times |
| 22 Tue Oct 2024 | 287.19 | 296.18 | 296.18 | 285.42 | 1.081 times |
| 21 Mon Oct 2024 | 296.32 | 297.32 | 298.73 | 294.31 | 0.654 times |
| 18 Fri Oct 2024 | 296.92 | 298.01 | 298.01 | 294.13 | 0.575 times |
| 17 Thu Oct 2024 | 296.34 | 292.95 | 297.66 | 292.90 | 0.865 times |
| 16 Wed Oct 2024 | 292.25 | 292.67 | 293.49 | 290.45 | 0.504 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 294.9 as stoploss in an intra day sell trade for a target of 289.31. However, stock will show a bullish move above 294.9.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 274.48 |
| Downside Target | 292.10 |
| Downside Target | 293.68 |
| Upside Target | 298.01 |
| Upside Target | 298.73 |
| Upside Target | 299.61 |
| Upside Target | 302.08 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 286.64 |
| Downside Intraday Target | 278.94 |
| Upside Intraday Target | 300.83 |
| Upside Intraday Target | 307.32 |
| Downside Intraday Target | 293.13 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 294.35 | 285.42 | 299.61 | 285.42 | 0.324 times |
| 25 Fri Oct 2024 | 283.54 | 297.32 | 298.73 | 281.81 | 1.821 times |
| 18 Fri Oct 2024 | 296.92 | 288.86 | 298.01 | 287.16 | 0.798 times |
| 11 Fri Oct 2024 | 290.95 | 280.00 | 291.46 | 277.64 | 1.087 times |
| 04 Fri Oct 2024 | 281.38 | 289.82 | 292.10 | 279.02 | 0.764 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 |
| 29 Tue Oct 2024 | 294.35 | 287.94 | 299.61 | 277.64 | 0.745 times |
| 30 Mon Sep 2024 | 289.21 | 283.55 | 293.68 | 264.99 | 1.009 times |
| 30 Fri Aug 2024 | 286.65 | 304.94 | 307.28 | 275.00 | 0.894 times |
| 31 Wed Jul 2024 | 304.56 | 286.74 | 314.17 | 277.71 | 0.957 times |
Scroll below to view daily charts
Price has moved up 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 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 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 mid to longer 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 291.5 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 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 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 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 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 mid to longer 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.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 291.5 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.