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

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

National Steel trades in USA in Capital Goods sector.

10 day averaged volume of National Steel is 1801350

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 2.77 2.74 2.78 2.71 0.764 times
16 Thu May 2024 2.73 2.70 2.74 2.68 0.915 times
15 Wed May 2024 2.68 2.69 2.70 2.63 1.376 times
14 Tue May 2024 2.72 2.76 2.76 2.65 1.19 times
13 Mon May 2024 2.76 2.77 2.80 2.74 1.614 times

My analysis of stock is bullish for shortterm, and stock might move up till 2.8 or till 2.9. Use a stoploss of 2.75 and if this stock hits its stoploss, then it can fall down till 2.7

Share price targets for National Steel (SID)

Target Type Value
Downside Target 2.63
Upside Target 2.80
Upside Target 2.86
Upside Target 2.89
Upside Target 3.00
Upside Target 3.17
Upside Target 3.35
Upside Target 3.36
Upside Target 3.41
Upside Target 3.84
Upside Target 3.99

Intraday share price targets for National Steel (SID)

Target Type Value
Downside Intraday Target 2.67
Downside Intraday Target 2.56
Upside Intraday Target 2.84
Upside Intraday Target 2.9
Downside Intraday Target 2.73

Weekly technical analysis of National Steel (SID)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 2.77 2.77 2.80 2.63 1.415 times
10 Fri May 2024 2.68 2.83 2.86 2.64 0.698 times
03 Fri May 2024 2.83 2.77 2.85 2.67 0.651 times
26 Fri Apr 2024 2.77 2.77 2.89 2.71 0.859 times
19 Fri Apr 2024 2.82 2.79 2.84 2.64 1.039 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 National Steel (SID)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 2.77 2.70 2.86 2.63 0.328 times
30 Tue Apr 2024 2.69 3.14 3.17 2.64 1.234 times
28 Thu Mar 2024 3.13 3.39 3.41 3.00 1.26 times
29 Thu Feb 2024 3.37 3.54 3.84 3.36 0.928 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 National Steel (SID)

Indicator Name Indicator Value Indicator Signal
ADX 50, 50, 0 Sell
MACD -0, -0Buy
Stochastics 42None
CCI 31Buy
RSI 57Buy
OBV 1110607Sell
VWAP 3Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of National Steel ( (SID) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of National Steel ( (SID) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of National Steel ( (SID) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of National Steel ( (SID) ) 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 National Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for National 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.

National Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 National Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 National 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 2.73 and National Steel (SID) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the National Steel (SID) stock. Volume based technical analysis of National Steel (SID) stock is negative.

National Steel Stock has given negative 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.

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