(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 2024-11-04 View latest technical analysis
10 day averaged volume of Reliance Steel is 318860
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 289.04 | 286.26 | 290.01 | 285.57 | 0.687 times |
| 01 Fri Nov 2024 | 287.09 | 286.61 | 288.40 | 283.80 | 0.739 times |
| 31 Thu Oct 2024 | 286.34 | 290.17 | 290.20 | 285.58 | 0.767 times |
| 30 Wed Oct 2024 | 289.59 | 291.35 | 295.00 | 289.12 | 0.464 times |
| 29 Tue Oct 2024 | 294.35 | 294.99 | 295.50 | 292.30 | 0.795 times |
| 28 Mon Oct 2024 | 297.54 | 285.42 | 299.61 | 285.42 | 1.168 times |
| 25 Fri Oct 2024 | 283.54 | 292.88 | 293.80 | 283.25 | 1.156 times |
| 24 Thu Oct 2024 | 293.80 | 289.49 | 298.43 | 286.69 | 1.996 times |
| 23 Wed Oct 2024 | 282.63 | 287.19 | 289.81 | 281.81 | 1.216 times |
| 22 Tue Oct 2024 | 287.19 | 296.18 | 296.18 | 285.42 | 1.058 times |
My analysis of stock is bearish for shortterm, and stock might move down till 285.7 or till 280.2. Use a stoploss of 290.32 and if the stock hits stoploss, then it can shoot up till 294.92
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 275.00 |
| Upside Target | 290.01 |
| Upside Target | 291.46 |
| Upside Target | 293.68 |
| Upside Target | 298.01 |
| Upside Target | 298.73 |
| Upside Target | 299.61 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 286.4 |
| Downside Intraday Target | 283.77 |
| Upside Intraday Target | 290.84 |
| Upside Intraday Target | 292.65 |
| Downside Intraday Target | 288.21 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 289.04 | 286.26 | 290.01 | 285.57 | 0.175 times |
| 01 Fri Nov 2024 | 287.09 | 285.42 | 299.61 | 283.80 | 0.648 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 |
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 |
| 04 Mon Nov 2024 | 289.04 | 286.61 | 290.01 | 283.80 | 0.072 times |
| 31 Thu Oct 2024 | 286.34 | 287.94 | 299.61 | 277.64 | 0.794 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 |
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 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 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 SELL. 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. Bears 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 moving up
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
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 289.47 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 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 SELL. 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. Bears 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 moving up
CCI has generated a buy signal for Reliance Steel in short term but BUY signal is weak.
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 289.47 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.