SID NEWS why is National Steel Company price falling or rising

SID NEWS reasons for why stock price of National Steel Company is falling or rising

SID National Steel is falling or rising technical reasons

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

It appears as if National Steel SID gave a large move recently.

Stock of National Steel (SID) 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 National Steel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if National Steel stays below 1.4, but if it comes above 1.4, then a intra day buy could be more profitable.
If you take a sell trade below 1.4, then use 1.4 as stoploss and 1.1 as target. However if you take a buy trade in National Steel, then use 1.4 as stoploss and 1.62 as target.

SID National Steel is falling or rising NEWS fundamental reasons

More announcements and NEWS

SID National Steel Company current price & indicator signals

Moving Averages for National Steel Company

  • 5Day Average: 1.43
  • 12Day Average: 1.49
  • 20Day Average: 1.65
  • 50Day Average: 1.88
  • 100Day Average: 2.04
  • 150Day Average: 2.12
  • 200Day Average: 2.31

SID Indicators & signals

Indicator MACD (12,26,9)

1.52, 1.67, -0.13
Indicator MACD is in negative zone

Indicator ADX (14)

0, 70, 70
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SID National Steel Company are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri Jan 2025 1.38 1.37 to 1.40 -2.82% 1.27 times
02 Thu Jan 2025 1.42 1.38 to 1.43 -1.39% 0.92 times
31 Tue Dec 2024 1.44 1.43 to 1.46 -0.69% 0.39 times
30 Mon Dec 2024 1.45 1.42 to 1.46 0.69% 0.87 times
27 Fri Dec 2024 1.44 1.41 to 1.47 -2.04% 0.76 times
26 Thu Dec 2024 1.47 1.45 to 1.51 -2% 0.99 times
24 Tue Dec 2024 1.50 1.45 to 1.52 2.04% 0.4 times
23 Mon Dec 2024 1.47 1.45 to 1.53 -4.55% 1.4 times
20 Fri Dec 2024 1.54 1.53 to 1.59 0.65% 1.2 times
19 Thu Dec 2024 1.53 1.50 to 1.56 -0.65% 0.88 times
18 Wed Dec 2024 1.54 1.52 to 1.67 -10.47% 2.2 times
17 Tue Dec 2024 1.72 1.66 to 1.76 0.58% 1.95 times

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