(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.
10 day averaged volume of Reliance Steel is 392420
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 295.36 | 290.52 | 297.39 | 290.52 | 1.116 times |
| 06 Mon May 2024 | 292.16 | 292.38 | 294.33 | 289.06 | 0.761 times |
| 03 Fri May 2024 | 289.78 | 293.30 | 293.30 | 288.09 | 0.635 times |
| 02 Thu May 2024 | 290.72 | 288.65 | 291.31 | 287.16 | 0.716 times |
| 01 Wed May 2024 | 286.31 | 284.56 | 291.38 | 281.32 | 0.987 times |
| 30 Tue Apr 2024 | 284.72 | 292.23 | 292.92 | 284.37 | 1.024 times |
| 29 Mon Apr 2024 | 293.93 | 292.04 | 294.51 | 290.30 | 0.927 times |
| 26 Fri Apr 2024 | 290.62 | 290.39 | 298.00 | 289.90 | 1.245 times |
| 25 Thu Apr 2024 | 292.13 | 295.41 | 295.41 | 281.22 | 2.345 times |
| 24 Wed Apr 2024 | 313.56 | 317.25 | 319.77 | 310.58 | 0.767 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 291.6 as stoploss in an intra day buy trade for a target of 308.05. However, stock will show a bearish move below 291.6.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 273.88 |
| Downside Target | 281.22 |
| Upside Target | 312.83 |
| Upside Target | 315.00 |
| Upside Target | 321.64 |
| Upside Target | 324.88 |
| Upside Target | 330.46 |
| Upside Target | 333.33 |
| Upside Target | 337.11 |
| Upside Target | 342.20 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 290.48 |
| Downside Intraday Target | 285.61 |
| Upside Intraday Target | 298.81 |
| Upside Intraday Target | 302.27 |
| Downside Intraday Target | 293.94 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 295.36 | 292.38 | 297.39 | 289.06 | 0.438 times |
| 03 Fri May 2024 | 289.78 | 292.04 | 294.51 | 281.32 | 0.801 times |
| 26 Fri Apr 2024 | 290.62 | 319.07 | 321.64 | 281.22 | 2.462 times |
| 19 Fri Apr 2024 | 319.49 | 329.92 | 330.46 | 315.00 | 0.858 times |
| 12 Fri Apr 2024 | 325.53 | 342.08 | 342.20 | 324.88 | 0.993 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 |
| 07 Tue May 2024 | 295.36 | 284.56 | 297.39 | 281.32 | 0.289 times |
| 30 Tue Apr 2024 | 284.72 | 335.40 | 342.20 | 281.22 | 1.058 times |
| 28 Thu Mar 2024 | 334.18 | 322.96 | 337.11 | 312.83 | 0.957 times |
| 29 Thu Feb 2024 | 321.22 | 286.39 | 333.33 | 285.14 | 1.317 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Reliance Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY 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 292.51 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Reliance Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Reliance Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY 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 292.51 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.