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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 2024-07-17 View latest technical analysis

10 day averaged volume of Olympic Steel is 81130

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	48.39	48.23	49.25	47.60	0.851 times
16 Tue Jul 2024	48.91	46.73	49.02	46.73	1.129 times
15 Mon Jul 2024	46.18	45.95	47.19	45.69	0.987 times
12 Fri Jul 2024	45.36	44.90	45.78	44.74	0.849 times
11 Thu Jul 2024	44.29	41.73	44.89	41.73	1.393 times
10 Wed Jul 2024	40.89	40.69	41.23	40.39	1.133 times
09 Tue Jul 2024	40.61	42.10	42.11	40.42	1.075 times
08 Mon Jul 2024	42.19	42.11	43.32	41.89	1.08 times
05 Fri Jul 2024	41.76	43.52	43.52	41.36	1.247 times
03 Wed Jul 2024	43.82	43.28	44.19	43.28	0.553 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 49, for a target of 46.5 or 44.43

Share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Target	40.39
Downside Target	41.36
Downside Target	43.28
Downside Target	45.28
Upside Target	49.25
Upside Target	51.01
Upside Target	52.56
Upside Target	62.31
Upside Target	63.31
Upside Target	64.82
Upside Target	71.36
Upside Target	73.27

Intraday share price targets for Olympic Steel (ZEUS)

Target Type	Value
Downside Intraday Target	46.3
Downside Intraday Target	44.22
Upside Intraday Target	49.86
Upside Intraday Target	51.34
Downside Intraday Target	47.78

Weekly technical analysis of Olympic Steel (ZEUS)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	48.39	45.95	49.25	45.69	0.537 times
12 Fri Jul 2024	45.36	42.11	45.78	40.39	3.07 times
05 Fri Jul 2024	41.76	43.28	44.19	41.36	0.802 times
03 Wed Jul 2024	43.82	45.02	45.28	43.28	0.293 times
28 Fri Jun 2024	44.83	45.66	46.21	43.71	0.777 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
17 Wed Jul 2024	48.39	45.02	49.25	40.39	0.404 times
28 Fri Jun 2024	44.83	52.38	52.56	43.71	1.313 times
31 Fri May 2024	52.14	64.24	64.82	51.01	1.637 times
30 Tue Apr 2024	63.57	71.25	73.27	63.31	0.499 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 Olympic Steel (ZEUS)

Price action analysis of Olympic Steel ( (ZEUS) ) 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 Olympic Steel ( (ZEUS) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Olympic 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.

Olympic 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 coming down

CCI has generated a buy signal for Olympic Steel in short term and BUY signal is strong.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Olympic Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.09 and Olympic Steel (ZEUS) 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 Olympic Steel (ZEUS) stock. Volume based technical analysis of Olympic Steel (ZEUS) stock is negative.

Olympic 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.