(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 2024-12-16 View latest technical analysis
10 day averaged volume of Reliance Steel is 314396
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 287.82 | 290.00 | 291.38 | 287.21 | 1.238 times |
| 13 Fri Dec 2024 | 292.16 | 300.07 | 302.55 | 291.73 | 0.838 times |
| 12 Thu Dec 2024 | 301.43 | 303.23 | 304.04 | 298.84 | 1.125 times |
| 11 Wed Dec 2024 | 306.29 | 308.61 | 310.14 | 304.67 | 1.278 times |
| 10 Tue Dec 2024 | 306.88 | 308.41 | 309.64 | 302.61 | 0.912 times |
| 09 Mon Dec 2024 | 308.26 | 308.17 | 310.31 | 306.28 | 0.815 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.653 times |
| 26 Tue Nov 2024 | 321.91 | 321.77 | 323.15 | 318.88 | 0.653 times |
| 25 Mon Nov 2024 | 323.08 | 319.99 | 324.80 | 319.48 | 1.79 times |
| 22 Fri Nov 2024 | 319.27 | 316.18 | 322.08 | 316.18 | 0.898 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 290.7, for a target of 302.2 or 311.76
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 275.00 |
| Downside Target | 283.80 |
| Upside Target | 299.61 |
| Upside Target | 307.11 |
| Upside Target | 310.31 |
| Upside Target | 318.88 |
| Upside Target | 322.08 |
| Upside Target | 323.15 |
| Upside Target | 324.80 |
| Upside Target | 326.87 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 286.23 |
| Downside Intraday Target | 284.63 |
| Upside Intraday Target | 290.4 |
| Upside Intraday Target | 292.97 |
| Upside Intraday Target | 288.8 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 287.82 | 290.00 | 291.38 | 287.21 | 0.249 times |
| 13 Fri Dec 2024 | 292.16 | 308.17 | 310.31 | 291.73 | 7.604 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 |
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 |
| 16 Mon Dec 2024 | 287.82 | 308.17 | 310.31 | 287.21 | 0.293 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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
Although the stock is in the BUY zone, but buying 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 308.65 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 negative.
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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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
Although the stock is in the BUY zone, but buying 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 308.65 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.