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(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 2025-05-29 View latest technical analysis

10 day averaged volume of Reliance Steel is 257120

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	291.94	295.80	295.80	290.03	1.276 times
28 Wed May 2025	295.56	299.87	300.44	294.76	0.853 times
27 Tue May 2025	300.24	294.50	300.57	291.83	1.581 times
23 Fri May 2025	291.98	291.46	293.78	288.96	0.974 times
22 Thu May 2025	295.82	299.63	300.66	293.20	1.062 times
21 Wed May 2025	299.78	302.56	303.88	298.72	1.089 times
20 Tue May 2025	303.94	304.18	305.47	302.26	1.009 times
19 Mon May 2025	304.46	300.19	304.78	298.83	0.727 times
16 Fri May 2025	304.00	299.64	304.83	298.86	1.154 times
15 Thu May 2025	300.73	299.23	301.01	298.34	0.685 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 293.9, but if it comes above 293.9, then a intra day buy could be more profitable.
If you take a sell trade below 293.9, then use 293.9 as stoploss and 288.9 as target. However if you take a buy trade in stock , then use 293.9 as stoploss and 298 as target.

Share price targets for Reliance Steel (RS)

Target Type	Value
Downside Target	250.07
Downside Target	263.07
Downside Target	273.75
Downside Target	279.52
Upside Target	298.45
Upside Target	300.57
Upside Target	300.80
Upside Target	301.49
Upside Target	305.47
Upside Target	306.53
Upside Target	310.98

Intraday share price targets for Reliance Steel (RS)

Target Type	Value
Downside Intraday Target	287.79
Downside Intraday Target	283.64
Upside Intraday Target	298.33
Upside Intraday Target	304.72
Upside Intraday Target	294.18

Weekly technical analysis of Reliance Steel (RS)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	291.94	294.50	300.57	290.03	0.763 times
23 Fri May 2025	291.98	300.19	305.47	288.96	1.025 times
16 Fri May 2025	304.00	304.76	306.53	297.47	1.009 times
09 Fri May 2025	296.32	293.00	300.80	292.14	0.798 times
02 Fri May 2025	297.22	285.11	298.45	281.22	1.617 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
29 Thu May 2025	291.94	288.96	306.53	286.47	0.675 times
30 Wed Apr 2025	288.23	287.10	294.76	250.07	0.717 times
31 Mon Mar 2025	288.75	301.18	301.49	273.75	1.269 times
28 Fri Feb 2025	297.16	286.60	310.98	279.52	0.861 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 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 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 weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 298.67 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.