532604 NEWS why is Salsteel price falling or rising

532604 NEWS reasons for why stock price of Salsteel is falling or rising

532604 Salsteel is falling or rising technical reasons

Technical analysis forecast for Salsteel 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 Salsteel 532604 at this time. Stock is falling and might fall more.

It appears as if Salsteel 532604 gave a large move recently.

Stock of Salsteel (532604) 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 Salsteel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Salsteel stays below 22.4, but if it comes above 22.4, then a intra day buy could be more profitable.
If you take a sell trade below 22.4, then use 22.4 as stoploss and 21 as target. However if you take a buy trade in Salsteel, then use 22.4 as stoploss and 23.56 as target.

532604 Salsteel is falling or rising NEWS fundamental reasons

More announcements and NEWS

532604 Salsteel current price & indicator signals

Moving Averages for Salsteel

  • 5Day Average: 22.67
  • 12Day Average: 23.09
  • 20Day Average: 23.9
  • 50Day Average: 24.74
  • 100Day Average: 24.85
  • 150Day Average: 23.5
  • 200Day Average: 22.61

532604 Indicators & signals

Indicator MACD (12,26,9)

23.09, 23.82, -0.59
Indicator MACD is in negative zone

Indicator ADX (14)

55, 7.38, 25.41
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 532604 Salsteel are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Mon Jan 2025 21.76 21.40 to 23.50 -4.98% 5.26 times
03 Fri Jan 2025 22.90 22.21 to 23.14 1.37% 1.42 times
02 Thu Jan 2025 22.59 22.58 to 23.31 -1.83% 0.68 times
01 Wed Jan 2025 23.01 22.71 to 23.38 -0.26% 0.28 times
31 Tue Dec 2024 23.07 22.57 to 23.47 0.39% 0.92 times
30 Mon Dec 2024 22.98 22.22 to 23.60 1.68% 0.93 times
27 Fri Dec 2024 22.60 22.42 to 23.49 -1.53% 1.14 times
26 Thu Dec 2024 22.95 22.67 to 23.66 -1.76% 0.72 times
24 Tue Dec 2024 23.36 23.06 to 23.51 -0.68% 0.3 times
23 Mon Dec 2024 23.52 23.04 to 24.47 -1.63% 1.84 times
20 Fri Dec 2024 23.91 23.81 to 24.86 -2.17% 1.78 times
19 Thu Dec 2024 24.44 23.13 to 25.09 0.37% 1.72 times

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532604 NEWS why is Salsteel price falling or rising

 

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