(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 2024-12-10 View latest technical analysis
10 day averaged volume of Reliance Steel is 324835
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 306.88 | 308.41 | 309.64 | 302.61 | 0.883 times |
| 09 Mon Dec 2024 | 308.26 | 308.17 | 310.31 | 306.28 | 0.789 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.632 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.632 times |
| 25 Mon Nov 2024 | 323.08 | 319.99 | 324.80 | 319.48 | 1.732 times |
| 22 Fri Nov 2024 | 319.27 | 316.18 | 322.08 | 316.18 | 0.869 times |
| 21 Thu Nov 2024 | 316.43 | 312.45 | 318.33 | 312.45 | 1.005 times |
| 20 Wed Nov 2024 | 313.53 | 310.26 | 314.32 | 308.74 | 1.165 times |
| 19 Tue Nov 2024 | 309.03 | 307.67 | 310.99 | 307.11 | 0.938 times |
| 18 Mon Nov 2024 | 310.33 | 309.91 | 311.85 | 308.41 | 1.258 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 304.1 as stoploss in an intra day buy trade for a target of 313.78. However, stock will show a bearish move below 304.1.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 275.00 |
| Downside Target | 283.80 |
| Downside Target | 293.68 |
| Downside Target | 299.61 |
| Upside Target | 318.88 |
| Upside Target | 322.08 |
| Upside Target | 323.15 |
| Upside Target | 324.80 |
| Upside Target | 324.83 |
| Upside Target | 326.87 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 302.89 |
| Downside Intraday Target | 298.9 |
| Upside Intraday Target | 310.59 |
| Upside Intraday Target | 314.3 |
| Downside Intraday Target | 306.6 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 306.88 | 308.17 | 310.31 | 302.61 | 2.644 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.267 times |
| 26 Tue Nov 2024 | 321.91 | 319.99 | 324.80 | 318.88 | 0.452 times |
| 22 Fri Nov 2024 | 319.27 | 309.91 | 322.08 | 307.11 | 1.006 times |
| 15 Fri Nov 2024 | 310.44 | 322.60 | 324.83 | 305.74 | 0.819 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 10 Tue Dec 2024 | 306.88 | 308.17 | 310.31 | 302.61 | 0.081 times |
| 26 Tue Nov 2024 | 321.91 | 286.61 | 326.87 | 283.80 | 1.058 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 gaining 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 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
Although the stock is in the SELL zone, but selling 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 315.22 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 gaining 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 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
Although the stock is in the SELL zone, but selling 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 315.22 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.