(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 2024-10-01 View latest technical analysis
10 day averaged volume of Reliance Steel is 429710
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 289.96 | 287.94 | 291.04 | 285.56 | 0.53 times |
| 30 Mon Sep 2024 | 289.21 | 289.82 | 289.82 | 286.00 | 0.643 times |
| 27 Fri Sep 2024 | 289.62 | 291.95 | 292.76 | 287.98 | 0.499 times |
| 26 Thu Sep 2024 | 289.99 | 291.37 | 293.68 | 289.34 | 0.601 times |
| 25 Wed Sep 2024 | 287.46 | 289.01 | 289.43 | 285.39 | 0.85 times |
| 24 Tue Sep 2024 | 289.42 | 287.34 | 290.75 | 286.29 | 0.873 times |
| 23 Mon Sep 2024 | 283.73 | 281.82 | 284.04 | 278.70 | 0.908 times |
| 20 Fri Sep 2024 | 281.08 | 282.73 | 282.96 | 279.96 | 3.297 times |
| 19 Thu Sep 2024 | 286.14 | 282.97 | 287.00 | 279.93 | 0.862 times |
| 18 Wed Sep 2024 | 277.11 | 281.00 | 282.50 | 276.35 | 0.849 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 287.5, but if it comes below 287.5, then a intra day sell could be more profitable.
If you take a sell trade below 287.5, then use 287.5 as stoploss and 280.47 as target. However if you take a buy trade in stock , then use 287.5 as stoploss and 295.8 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 285.56 |
| Downside Target | 287.00 |
| Upside Target | 291.04 |
| Upside Target | 293.68 |
| Upside Target | 302.08 |
| Upside Target | 307.28 |
| Upside Target | 314.17 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 286.67 |
| Downside Intraday Target | 283.37 |
| Upside Intraday Target | 292.15 |
| Upside Intraday Target | 294.33 |
| Downside Intraday Target | 288.85 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 289.96 | 289.82 | 291.04 | 285.56 | 0.314 times |
| 27 Fri Sep 2024 | 289.62 | 281.82 | 293.68 | 278.70 | 0.598 times |
| 20 Fri Sep 2024 | 281.08 | 279.39 | 287.00 | 276.35 | 1.44 times |
| 13 Fri Sep 2024 | 277.90 | 273.61 | 280.00 | 264.99 | 1.236 times |
| 06 Fri Sep 2024 | 272.69 | 283.55 | 283.55 | 269.67 | 2.97 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 |
| 01 Tue Oct 2024 | 289.96 | 287.94 | 291.04 | 285.56 | 0.029 times |
| 30 Mon Sep 2024 | 289.21 | 283.55 | 293.68 | 264.99 | 1.009 times |
| 30 Fri Aug 2024 | 286.65 | 304.94 | 307.28 | 275.00 | 0.894 times |
| 31 Wed Jul 2024 | 304.56 | 286.74 | 314.17 | 277.71 | 0.957 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing 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 284.68 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Reliance Steel in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing 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 284.68 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.