(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 2024-11-14 View latest technical analysis
10 day averaged volume of Reliance Steel is 351030
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Nov 2024 | 309.97 | 312.41 | 314.38 | 305.74 | 1.154 times |
| 13 Wed Nov 2024 | 312.92 | 319.62 | 319.89 | 312.59 | 0.651 times |
| 12 Tue Nov 2024 | 319.81 | 320.87 | 321.81 | 316.33 | 1.147 times |
| 11 Mon Nov 2024 | 323.18 | 322.60 | 324.83 | 318.73 | 0.954 times |
| 08 Fri Nov 2024 | 320.62 | 317.55 | 322.24 | 316.76 | 0.819 times |
| 07 Thu Nov 2024 | 321.03 | 325.66 | 326.01 | 315.00 | 1.609 times |
| 06 Wed Nov 2024 | 326.32 | 318.03 | 326.87 | 314.86 | 1.989 times |
| 05 Tue Nov 2024 | 291.70 | 286.70 | 292.06 | 285.60 | 0.838 times |
| 04 Mon Nov 2024 | 289.04 | 286.26 | 290.01 | 285.57 | 0.624 times |
| 01 Fri Nov 2024 | 287.09 | 286.61 | 288.40 | 283.80 | 0.671 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 315.1 as stoploss in an intra day sell trade for a target of 300.5. However, stock will show a bullish move above 315.1.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 264.99 |
| Downside Target | 275.00 |
| Downside Target | 293.68 |
| Downside Target | 299.61 |
| Downside Target | 305.74 |
| Downside Target | 307.28 |
| Upside Target | 314.17 |
| Upside Target | 324.83 |
| Upside Target | 326.87 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 302.2 |
| Downside Intraday Target | 294.42 |
| Upside Intraday Target | 321.29 |
| Upside Intraday Target | 332.6 |
| Upside Intraday Target | 313.51 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Nov 2024 | 309.97 | 322.60 | 324.83 | 305.74 | 0.664 times |
| 08 Fri Nov 2024 | 320.62 | 286.26 | 326.87 | 285.57 | 1.645 times |
| 01 Fri Nov 2024 | 287.09 | 285.42 | 299.61 | 283.80 | 0.648 times |
| 25 Fri Oct 2024 | 283.54 | 297.32 | 298.73 | 281.81 | 1.821 times |
| 18 Fri Oct 2024 | 296.92 | 288.86 | 298.01 | 287.16 | 0.798 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 |
| 14 Thu Nov 2024 | 309.97 | 286.61 | 326.87 | 283.80 | 0.583 times |
| 31 Thu Oct 2024 | 286.34 | 287.94 | 299.61 | 277.64 | 0.794 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 |
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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid 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 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 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 313.9 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid 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 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 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 313.9 and Reliance Steel (RS) stock is trading below this level. This means that stock is falling with high volumes. 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.