(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 2024-10-30 View latest technical analysis
10 day averaged volume of Reliance Steel is 316710
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Wed Oct 2024 | 289.59 | 291.35 | 295.00 | 289.12 | 0.467 times |
| 29 Tue Oct 2024 | 294.35 | 294.99 | 295.50 | 292.30 | 0.801 times |
| 28 Mon Oct 2024 | 297.54 | 285.42 | 299.61 | 285.42 | 1.176 times |
| 25 Fri Oct 2024 | 283.54 | 292.88 | 293.80 | 283.25 | 1.164 times |
| 24 Thu Oct 2024 | 293.80 | 289.49 | 298.43 | 286.69 | 2.009 times |
| 23 Wed Oct 2024 | 282.63 | 287.19 | 289.81 | 281.81 | 1.224 times |
| 22 Tue Oct 2024 | 287.19 | 296.18 | 296.18 | 285.42 | 1.065 times |
| 21 Mon Oct 2024 | 296.32 | 297.32 | 298.73 | 294.31 | 0.645 times |
| 18 Fri Oct 2024 | 296.92 | 298.01 | 298.01 | 294.13 | 0.567 times |
| 17 Thu Oct 2024 | 296.34 | 292.95 | 297.66 | 292.90 | 0.852 times |
My analysis of stock is bullish for shortterm, and stock might move up till 295 or till 301.6. Use a stoploss of 289.49 and if this stock hits its stoploss, then it can fall down till 284
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 274.48 |
| Upside Target | 292.10 |
| Upside 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 | 283.47 |
| Downside Intraday Target | 277.35 |
| Upside Intraday Target | 297.66 |
| Upside Intraday Target | 305.73 |
| Upside Intraday Target | 291.54 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Wed Oct 2024 | 289.59 | 285.42 | 299.61 | 285.42 | 0.4 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 |
| 30 Wed Oct 2024 | 289.59 | 287.94 | 299.61 | 277.64 | 0.763 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 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 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 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 losing momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 but buying is losing 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 291.37 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 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 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 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 losing momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 but buying is losing 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 291.37 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.