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Stock analysis Steelcast Limited STEELCAS

More indepth analysis on MunafaSutra.com

Moving Averages for Steelcast Limited

  • 5Day Average: 664.89
  • 12Day Average: 671.28
  • 20Day Average: 662
  • 50Day Average: 653.7
  • 100Day Average: 649.23
  • 150Day Average: 648.82
  • 200Day Average: 650.79

STEELCAS Indicators & signals

Indicator MACD (12,26,9)

666.32, 660.66, 7.01
Indicator MACD is in positive zone

Indicator ADX (14)

23.92, 18.78, 11.53
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of STEELCAS Steelcast Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 658.10 655.95 to 674.95 -0.74% 0.35 times
11 Thu Jul 2024 663.00 655.70 to 690.00 0.24% 0.35 times
10 Wed Jul 2024 661.40 644.15 to 705.50 -0.41% 1.53 times
09 Tue Jul 2024 664.15 660.45 to 690.00 -2.01% 0.49 times
08 Mon Jul 2024 677.80 669.00 to 716.10 -3% 1.05 times
05 Fri Jul 2024 698.75 668.30 to 724.55 3.76% 1.66 times
04 Thu Jul 2024 673.45 670.00 to 691.05 -1.66% 0.26 times
03 Wed Jul 2024 684.85 678.60 to 695.00 0.1% 0.3 times
02 Tue Jul 2024 684.15 669.95 to 704.95 -0.26% 0.69 times
01 Mon Jul 2024 685.90 634.80 to 717.45 5.75% 3.41 times
28 Fri Jun 2024 648.60 642.95 to 657.30 -1% 0.26 times
27 Thu Jun 2024 655.15 645.50 to 661.25 -0.03% 0.32 times

Technical analysis forecast for Steelcast Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Steelcast Limited STEELCAS at this time. Stock is falling and might fall more.

It appears as if Steelcast Limited STEELCAS gave a large move recently.

Stock of Steelcast Limited (STEELCAS) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Steelcast Limited is bearish for shortterm, and stock might move down till 645.3 or till 624.2. Use a stoploss of 662.9 and if the stock hits stoploss, then it can shoot up till 680.47

More indepth analysis on MunafaSutra.com