Login or Join
Learn then Earn

(Salsteel) Salsteel complete technical analysis [charts+indicators] | Buy/Sell Salsteel | (Salsteel) share price targets

Complete technical analysis of Salsteel (Salsteel) by charts plus indicators, forecast predictions and share price targets for Salsteel (Salsteel)

10 day averaged volume of Salsteel is 24791

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 22.62 22.62 22.62 22.62 2.211 times
15 Wed May 2024 21.55 21.55 21.55 21.55 1.329 times
14 Tue May 2024 20.53 20.53 20.53 20.53 0.907 times
13 Mon May 2024 19.56 19.56 19.56 19.56 0.171 times
10 Fri May 2024 18.63 19.60 19.60 18.50 0.64 times

Stock of Salsteel (Salsteel) has showed a significant upmove. This could be a good time to enter in this stock!

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 21.9, for a target of 20.6 or 19.52

Share price targets for Salsteel (Salsteel)

Target Type Value
Downside Target 17.16
Downside Target 17.55
Downside Target 18.45
Downside Target 19.45
Downside Target 20.69
Downside Target 21.27
Downside Target 22.16
Downside Target 22.61
Downside Target 22.62
Upside Target 23.15
Upside Target 26.50
Upside Target 30.57

Intraday share price targets for Salsteel (Salsteel)

Target Type Value
Downside Intraday Target 20.58
Downside Intraday Target 18.54
Upside Intraday Target 23.64
Upside Intraday Target 24.66
Downside Intraday Target 21.6

Weekly technical analysis of Salsteel (Salsteel)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 22.62 19.56 22.62 19.56 0.958 times
10 Fri May 2024 18.63 20.04 20.70 17.55 3.411 times
03 Fri May 2024 20.20 19.89 20.69 19.51 0.507 times
26 Fri Apr 2024 19.50 18.65 19.50 18.45 1.496 times
19 Fri Apr 2024 18.71 19.40 19.45 18.70 0.873 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 Salsteel (Salsteel)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 22.62 19.95 22.62 17.55 0.974 times
30 Tue Apr 2024 19.90 20.71 21.27 18.45 0.612 times
28 Thu Mar 2024 20.71 22.16 22.16 17.16 0.395 times
29 Thu Feb 2024 22.61 25.35 30.57 22.61 0.951 times

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 Salsteel (Salsteel)

Indicator Name Indicator Value Indicator Signal
ADX 47, 19, 43 Buy
MACD 0, -1Buy
Stochastics 98Buy
CCI 170Buy
RSI 60Buy
OBV 98264Sell
VWAP 20Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

Price action analysis of Salsteel ( (Salsteel) ) based on a short term time period is

Price action analysis of Salsteel ( (Salsteel) ) 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 Salsteel ( (Salsteel) ) based on a short to mid term time period is

Price action analysis of Salsteel ( (Salsteel) ) 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 Salsteel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Salsteel 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.

Salsteel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Salsteel 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 Salsteel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.24 and Salsteel (Salsteel) 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 Salsteel (Salsteel) stock. Volume based technical analysis of Salsteel (Salsteel) stock is negative.

Salsteel 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.

Click here for Salsteel charts

Click here for further forecast and predictions for tomorrow

Learn then Earn
Back to top | Use Dark Theme