ZEUS NEWS why is Olympic Steel, Inc. price falling or rising

ZEUS NEWS reasons for why stock price of Olympic Steel, Inc. is falling or rising

ZEUS Olympic Steel is falling or rising technical reasons

Technical analysis forecast for Olympic Steel 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 Olympic Steel ZEUS at this time. Stock is falling and might fall more.

It appears as if Olympic Steel ZEUS gave a large move recently.

Stock of Olympic Steel (ZEUS) 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 Olympic Steel is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.6 as stoploss in an intra day buy trade for a target of 34.54. However, stock will show a bearish move below 33.6.

ZEUS Olympic Steel is falling or rising NEWS fundamental reasons

More announcements and NEWS

ZEUS Olympic Steel, Inc. current price & indicator signals

Moving Averages for Olympic Steel, Inc.

  • 5Day Average: 34.57
  • 12Day Average: 35.05
  • 20Day Average: 34.42
  • 50Day Average: 35.6
  • 100Day Average: 37.09
  • 150Day Average: 39
  • 200Day Average: 42.24

ZEUS Indicators & signals

Indicator MACD (12,26,9)

34.65, 34.59, -0.03
Indicator MACD is in positive zone

Indicator ADX (14)

8.47, 26.45, 22.31
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ZEUS Olympic Steel, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
07 Fri Feb 2025 34.02 33.86 to 35.00 -2.91% 0.85 times
06 Thu Feb 2025 35.04 34.71 to 35.94 0.09% 0.72 times
05 Wed Feb 2025 35.01 34.60 to 35.10 0.37% 0.74 times
04 Tue Feb 2025 34.88 33.46 to 34.88 2.86% 0.79 times
03 Mon Feb 2025 33.91 33.33 to 34.63 -1.62% 0.75 times
31 Fri Jan 2025 34.47 34.31 to 35.48 -3.01% 0.92 times
30 Thu Jan 2025 35.54 35.30 to 36.80 -2.07% 0.88 times
29 Wed Jan 2025 36.29 35.39 to 36.52 1.4% 1 times
28 Tue Jan 2025 35.79 35.26 to 36.40 0.51% 1.43 times
27 Mon Jan 2025 35.61 35.34 to 36.10 0.59% 1.22 times
24 Fri Jan 2025 35.40 34.10 to 35.63 2.28% 1.55 times
23 Thu Jan 2025 34.61 33.81 to 34.64 1.41% 1.33 times

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ZEUS NEWS why is Olympic Steel, Inc. price falling or rising

 

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