(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 2024-04-01 View latest technical analysis
10 day averaged volume of Reliance Steel is 295390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Apr 2024 | 333.14 | 335.40 | 335.40 | 330.26 | 0.568 times |
| 28 Thu Mar 2024 | 334.18 | 336.61 | 337.02 | 333.22 | 0.771 times |
| 27 Wed Mar 2024 | 336.90 | 333.70 | 337.11 | 333.30 | 0.577 times |
| 26 Tue Mar 2024 | 331.38 | 332.33 | 334.68 | 329.11 | 0.687 times |
| 25 Mon Mar 2024 | 331.53 | 332.23 | 336.13 | 331.49 | 0.716 times |
| 22 Fri Mar 2024 | 330.43 | 332.01 | 332.84 | 328.56 | 0.702 times |
| 21 Thu Mar 2024 | 331.85 | 329.69 | 332.48 | 326.45 | 0.564 times |
| 20 Wed Mar 2024 | 326.93 | 326.51 | 328.67 | 324.60 | 0.549 times |
| 19 Tue Mar 2024 | 325.08 | 321.40 | 326.31 | 321.40 | 1.097 times |
| 18 Mon Mar 2024 | 320.71 | 323.93 | 324.19 | 320.04 | 0.688 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 331.3, but if it comes below 331.3, then a intra day sell could be more profitable.
If you take a sell trade below 331.3, then use 331.3 as stoploss and 325.56 as target. However if you take a buy trade in stock , then use 331.3 as stoploss and 338.2 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 261.77 |
| Downside Target | 273.88 |
| Downside Target | 284.33 |
| Downside Target | 291.45 |
| Downside Target | 312.83 |
| Downside Target | 330.26 |
| Downside Target | 332.84 |
| Upside Target | 333.33 |
| Upside Target | 335.40 |
| Upside Target | 337.11 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 330.47 |
| Downside Intraday Target | 327.79 |
| Upside Intraday Target | 335.61 |
| Upside Intraday Target | 338.07 |
| Downside Intraday Target | 332.93 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Apr 2024 | 333.14 | 335.40 | 335.40 | 330.26 | 0.206 times |
| 28 Thu Mar 2024 | 334.18 | 332.23 | 337.11 | 329.11 | 0.764 times |
| 22 Fri Mar 2024 | 330.43 | 323.93 | 332.84 | 320.04 | 0.513 times |
| 15 Fri Mar 2024 | 320.64 | 317.83 | 324.67 | 312.83 | 1.737 times |
| 08 Fri Mar 2024 | 319.80 | 322.08 | 325.17 | 318.22 | 0.709 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 |
| 01 Mon Apr 2024 | 333.14 | 335.40 | 335.40 | 330.26 | 0.031 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 |
| 31 Wed Jan 2024 | 285.42 | 278.77 | 291.45 | 273.88 | 0.804 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 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 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 to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
Reliance Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 329.84 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 rising upwards.
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 is giving positive 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 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 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 to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy signal is strong.
Reliance Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Reliance Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 329.84 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 rising upwards.
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 is giving positive 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.