(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 2025-01-23 View latest technical analysis
10 day averaged volume of Reliance Steel is 447180
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu Jan 2025 | 287.82 | 286.56 | 291.20 | 285.21 | 0.965 times |
| 22 Wed Jan 2025 | 287.54 | 289.00 | 293.01 | 287.47 | 0.933 times |
| 21 Tue Jan 2025 | 290.47 | 292.92 | 295.60 | 289.80 | 1.116 times |
| 17 Fri Jan 2025 | 288.06 | 287.26 | 290.67 | 286.24 | 1.117 times |
| 17 Fri Jan 2025 | 288.06 | 287.26 | 290.67 | 286.24 | 1.117 times |
| 16 Thu Jan 2025 | 284.28 | 281.96 | 285.81 | 281.93 | 0.729 times |
| 15 Wed Jan 2025 | 281.99 | 281.43 | 283.65 | 278.93 | 0.747 times |
| 14 Tue Jan 2025 | 277.76 | 275.72 | 278.38 | 273.36 | 0.872 times |
| 13 Mon Jan 2025 | 274.80 | 266.62 | 275.44 | 265.31 | 1.034 times |
| 10 Fri Jan 2025 | 267.04 | 263.32 | 269.96 | 263.32 | 1.199 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 284.5, but if it comes below 284.5, then a intra day sell could be more profitable.
If you take a sell trade below 284.5, then use 284.5 as stoploss and 275.76 as target. However if you take a buy trade in stock , then use 284.5 as stoploss and 294.9 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 256.98 |
| Downside Target | 263.07 |
| Downside Target | 272.66 |
| Downside Target | 283.80 |
| Upside Target | 290.67 |
| Upside Target | 293.68 |
| Upside Target | 295.60 |
| Upside Target | 299.61 |
| Upside Target | 310.31 |
| Upside Target | 326.87 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 283.49 |
| Downside Intraday Target | 279.15 |
| Upside Intraday Target | 293.88 |
| Upside Intraday Target | 299.93 |
| Upside Intraday Target | 289.54 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu Jan 2025 | 287.82 | 292.92 | 295.60 | 285.21 | 2.698 times |
| 17 Fri Jan 2025 | 288.06 | 287.26 | 290.67 | 286.24 | 0.248 times |
| 17 Fri Jan 2025 | 288.06 | 266.62 | 290.67 | 265.31 | 1.928 times |
| 10 Fri Jan 2025 | 267.04 | 272.03 | 272.66 | 263.32 | 0.636 times |
| 08 Wed Jan 2025 | 267.51 | 271.67 | 277.10 | 265.99 | 1.192 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Thu Jan 2025 | 287.82 | 272.32 | 295.60 | 263.07 | 0.788 times |
| 31 Tue Dec 2024 | 269.26 | 308.17 | 310.31 | 256.98 | 1.391 times |
| 26 Tue Nov 2024 | 321.91 | 286.61 | 326.87 | 283.80 | 1.058 times |
| 31 Thu Oct 2024 | 286.34 | 287.94 | 299.61 | 277.64 | 0.794 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 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 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 losing momentum.
MACD generated a BUY signal for Reliance Steel in short term but the buy signal is initial and weak.
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 SELL signal for Reliance Steel in short term but SELL signal is weak.
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 282.65 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 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 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 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 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 losing momentum.
MACD generated a BUY signal for Reliance Steel in short term but the buy signal is initial and weak.
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 SELL signal for Reliance Steel in short term but SELL signal is weak.
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 282.65 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.