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(ZEUS) Olympic Steel complete technical analysis [charts+indicators] | Buy/Sell Olympic Steel | (ZEUS) share price targets

Complete technical analysis of Olympic Steel (ZEUS) by charts plus indicators, forecast predictions and share price targets for Olympic Steel (ZEUS)

Olympic Steel trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-10-29 View latest technical analysis

10 day averaged volume of Olympic Steel is 95400

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	37.17	37.77	37.84	36.93	0.579 times
28 Mon Oct 2024	38.07	36.74	38.22	36.66	0.866 times
25 Fri Oct 2024	36.59	37.14	37.36	36.32	0.686 times
24 Thu Oct 2024	36.82	36.57	37.00	36.07	1.083 times
23 Wed Oct 2024	36.53	37.59	37.66	36.53	0.935 times
22 Tue Oct 2024	37.78	39.31	39.31	37.50	1 times
21 Mon Oct 2024	39.37	39.27	39.51	38.32	1.348 times
18 Fri Oct 2024	39.20	39.87	40.00	38.85	1.332 times
17 Thu Oct 2024	39.73	38.57	39.74	38.21	0.927 times
16 Wed Oct 2024	38.28	39.19	39.26	38.14	1.024 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.4, but if it comes above 37.4, then a intra day buy could be more profitable.
If you take a sell trade below 37.4, then use 37.4 as stoploss and 36.2 as target. However if you take a buy trade in stock , then use 37.4 as stoploss and 38.41 as target.

Share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Target	34.81
Downside Target	36.07
Upside Target	39.03
Upside Target	40.20
Upside Target	40.39
Upside Target	40.48
Upside Target	43.71
Upside Target	50.35
Upside Target	51.66
Upside Target	52.56

Intraday share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Intraday Target	36.48
Downside Intraday Target	35.79
Upside Intraday Target	38.04
Upside Intraday Target	38.91
Upside Intraday Target	37.35

Weekly technical analysis of Olympic Steel (ZEUS)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	37.17	36.74	38.22	36.66	0.286 times
25 Fri Oct 2024	36.59	39.27	39.51	36.07	1.012 times
18 Fri Oct 2024	39.20	39.22	40.00	38.14	0.839 times
11 Fri Oct 2024	39.52	38.37	40.20	37.38	0.81 times
04 Fri Oct 2024	38.56	39.05	39.60	37.60	0.597 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 Olympic Steel (ZEUS)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	37.17	39.14	40.20	36.07	0.308 times
30 Mon Sep 2024	39.00	39.41	40.48	34.81	3.295 times
30 Fri Aug 2024	40.10	50.35	50.35	39.03	1.353 times
31 Wed Jul 2024	50.68	45.02	51.66	40.39	0.652 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 Olympic Steel (ZEUS)

Price action analysis of Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Olympic Steel in short term and the sell signal is strong.

Olympic 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Olympic 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 positive zone. This is a BUY zone

Stock of Olympic 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 38.11 and Olympic Steel (ZEUS) 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 Olympic Steel (ZEUS) stock. Volume based technical analysis of Olympic Steel (ZEUS) stock is negative.

Olympic 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.