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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.

Showing technical analysis as on 2024-07-19 View latest technical analysis

10 day averaged volume of National Steel is 1067268

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	2.23	2.28	2.28	2.22	1.641 times
18 Thu Jul 2024	2.27	2.36	2.37	2.26	1.103 times
17 Wed Jul 2024	2.39	2.40	2.43	2.39	1.192 times
16 Tue Jul 2024	2.43	2.48	2.48	2.39	1.027 times
15 Mon Jul 2024	2.47	2.46	2.48	2.43	0.853 times
12 Fri Jul 2024	2.46	2.42	2.46	2.40	0.979 times
11 Thu Jul 2024	2.41	2.41	2.45	2.41	1.198 times
10 Wed Jul 2024	2.39	2.43	2.44	2.38	1.118 times
09 Tue Jul 2024	2.41	2.39	2.42	2.38	0.706 times
08 Mon Jul 2024	2.38	2.35	2.38	2.34	0.882 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.2, for a target of 2.3 or 2.36

Share price targets for National Steel (SID)

Target Type	Value
Downside Target	2.20
Upside Target	2.34
Upside Target	2.47
Upside Target	2.48
Upside Target	2.49
Upside Target	2.64
Upside Target	2.86
Upside Target	3.00
Upside Target	3.17
Upside Target	3.41

Intraday share price targets for National Steel (SID)

Target Type	Value
Downside Intraday Target	2.14
Downside Intraday Target	2.05
Upside Intraday Target	2.4
Upside Intraday Target	2.57
Upside Intraday Target	2.31

Weekly technical analysis of National Steel (SID)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	2.23	2.46	2.48	2.22	1.191 times
12 Fri Jul 2024	2.46	2.35	2.46	2.34	2.532 times
05 Fri Jul 2024	2.39	2.36	2.42	2.36	0.515 times
03 Wed Jul 2024	2.41	2.34	2.42	2.25	0.581 times
28 Fri Jun 2024	2.30	2.36	2.38	2.25	0.595 times

Price has moved down 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
19 Fri Jul 2024	2.23	2.34	2.48	2.22	0.39 times
28 Fri Jun 2024	2.30	2.45	2.49	2.20	1.115 times
31 Fri May 2024	2.49	2.70	2.86	2.47	0.533 times
30 Tue Apr 2024	2.69	3.14	3.17	2.64	1.234 times

Scroll below to view daily charts

Price has moved down 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)

Price action analysis of National Steel ( (SID) ) based on a short 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.

Price action analysis of National Steel ( (SID) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of National Steel ( (SID) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for National Steel in short term and the sell signal is strong.

National Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for National Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of National Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.37 and National Steel (SID) stock is trading below this level. This means that stock is falling with high volumes. 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.