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Stock analysis Steel City Securities Ltd STEELCITY

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Moving Averages for Steel City Securities Ltd

  • 5Day Average: 79.45
  • 12Day Average: 80.56
  • 20Day Average: 81.17
  • 50Day Average: 78.28
  • 100Day Average: 72.72
  • 150Day Average: 69.69
  • 200Day Average: 68.12

STEELCITY Indicators & signals

Indicator MACD (12,26,9)

80.2, 79.86, 0.88
Indicator MACD is in positive zone

Indicator ADX (14)

4.35, 17.48, 16.02
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
01 Fri Mar 2024 78.80 78.10 to 80.95 -1.81% 0.36 times
29 Thu Feb 2024 80.25 76.10 to 80.90 3.55% 0.92 times
28 Wed Feb 2024 77.50 77.20 to 81.15 -2.82% 0.83 times
27 Tue Feb 2024 79.75 79.30 to 81.90 -1.48% 0.82 times
26 Mon Feb 2024 80.95 80.40 to 84.80 -2.76% 1.5 times
23 Fri Feb 2024 83.25 80.80 to 83.85 2.9% 1.98 times
22 Thu Feb 2024 80.90 80.05 to 82.25 0.81% 0.4 times
21 Wed Feb 2024 80.25 79.25 to 82.45 -1.59% 0.84 times
20 Tue Feb 2024 81.55 80.00 to 83.00 0.99% 1.37 times
19 Mon Feb 2024 80.75 80.10 to 82.40 -0.37% 0.56 times
16 Fri Feb 2024 81.05 80.50 to 82.85 -0.86% 0.78 times
15 Thu Feb 2024 81.75 81.10 to 83.85 -1.27% 0.77 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, 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 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 77.5 as stoploss in an intra day buy trade for a target of 80.17. However, stock will show a bearish move below 77.5.

More indepth analysis on MunafaSutra.com