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Stock analysis Steel City Securities Ltd STEELCITY

More indepth analysis on MunafaSutra.com

Moving Averages for Steel City Securities Ltd

  • 5Day Average: 87.98
  • 12Day Average: 88.56
  • 20Day Average: 89.9
  • 50Day Average: 92.6
  • 100Day Average: 88.44
  • 150Day Average: 84.98
  • 200Day Average: 80.51

STEELCITY Indicators & signals

Indicator MACD (12,26,9)

88.85, 90.41, -1.44
Indicator MACD is in negative zone

Indicator ADX (14)

21.1, 12.36, 18.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of STEELCITY Steel City Securities Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 87.96 87.71 to 89.98 -0.36% 0.99 times
25 Thu Jul 2024 88.28 87.00 to 89.75 0.51% 1.03 times
24 Wed Jul 2024 87.83 87.00 to 89.49 -0.1% 0.77 times
23 Tue Jul 2024 87.92 86.50 to 89.90 0% 0.93 times
23 Tue Jul 2024 87.92 86.50 to 89.90 0% 0.93 times
22 Mon Jul 2024 87.92 85.09 to 89.89 1.59% 1.21 times
19 Fri Jul 2024 86.54 86.00 to 89.56 -2.3% 1.12 times
18 Thu Jul 2024 88.58 87.21 to 91.48 -1.35% 1.05 times
16 Tue Jul 2024 89.79 89.15 to 91.59 -0.17% 0.92 times
15 Mon Jul 2024 89.94 89.00 to 91.12 -0.01% 0.86 times
12 Fri Jul 2024 89.95 89.75 to 92.00 -0.21% 1.19 times
11 Thu Jul 2024 90.14 89.00 to 93.10 -1.75% 1.49 times

Technical analysis forecast for Steel City Securities Ltd 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 Steel City Securities Ltd STEELCITY at this time. Stock is falling and might fall more.

It appears as if Steel City Securities Ltd STEELCITY gave a large move recently.

Stock of Steel City Securities Ltd (STEELCITY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Steel City Securities Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 87.7 as stoploss in an intra day buy trade for a target of 89.86. However, stock will show a bearish move below 87.7.

More indepth analysis on MunafaSutra.com