Munafa Olympic Steel, Inc. (ZEUS) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa Olympic Steel, Inc. (ZEUS) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow Olympic Steel, Inc. intraday tips for today and tomorrow

Olympic Steel, Inc. (ZEUS) Indicator analysis

Moving Averages for Olympic Steel, Inc.

  • 5Day Average: 63.01
  • 12Day Average: 65.73
  • 20Day Average: 67.17
  • 50Day Average: 67.37
  • 100Day Average: 66.92
  • 150Day Average: 62.22
  • 200Day Average: 59.57

ZEUS Indicators & signals

Indicator MACD (12,26,9)

64.85, 66.54, -0.7
Indicator MACD is in negative zone

Indicator ADX (14)

60.63, 9.69, 39.53
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 38
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
03 Fri May 2024 57.55 56.07 to 64.15 -9.63% 2.41 times
02 Thu May 2024 63.68 63.02 to 64.19 0.46% 1.08 times
01 Wed May 2024 63.39 62.56 to 64.82 -0.28% 1.38 times
30 Tue Apr 2024 63.57 63.31 to 66.64 -4.91% 1.43 times
29 Mon Apr 2024 66.85 65.30 to 67.81 0.25% 0.98 times
26 Fri Apr 2024 66.68 66.50 to 68.56 -1.29% 0.87 times
25 Thu Apr 2024 67.55 66.25 to 67.85 -0.01% 0.58 times
24 Wed Apr 2024 67.56 66.89 to 69.48 -1.99% 0.73 times
23 Tue Apr 2024 68.93 67.17 to 69.79 1.95% 1.29 times
22 Mon Apr 2024 67.61 67.37 to 68.73 -0.38% 0.79 times
19 Fri Apr 2024 67.87 67.02 to 68.66 0.61% 0.86 times
18 Thu Apr 2024 67.46 66.77 to 68.93 -0.68% 0.64 times

Olympic Steel ZEUS intraday stock tips

03 Friday May Stock tips for Olympic Steel Stock 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...

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

Although my analysis for Olympic Steel 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 59.4, for a target of 63 or 66.07

02 Thursday May Stock tips for Olympic Steel Stock 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...

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

My analysis of Olympic Steel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Olympic Steel stays below 64.7, but if it comes above 64.7, then a intra day buy could be more profitable.
If you take a sell trade below 64.7, then use 64.7 as stoploss and 61.9 as target. However if you take a buy trade in Olympic Steel, then use 64.7 as stoploss and 66.97 as target.

01 Wednesday May Stock tips for Olympic Steel Stock 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...

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

Although my analysis for Olympic Steel 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 62.5, for a target of 65.1 or 67.32

30 Tuesday April Stock tips for Olympic Steel Stock 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...

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

Although my analysis for Olympic Steel 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 63.4, for a target of 65.8 or 67.73

29 Monday April Stock tips for Olympic Steel Stock 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.

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

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 66.6 as stoploss in an intra day buy trade for a target of 68.17. However, stock will show a bearish move below 66.6.

26 Friday April Stock tips for Olympic Steel Stock 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.

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

My analysis of Olympic Steel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Olympic Steel stays below 66.7, but if it comes above 66.7, then a intra day buy could be more profitable.
If you take a sell trade below 66.7, then use 66.7 as stoploss and 64.9 as target. However if you take a buy trade in Olympic Steel, then use 66.7 as stoploss and 68.31 as target.

25 Thursday April Stock tips for Olympic Steel Stock 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.

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

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 67 as stoploss in an intra day buy trade for a target of 68.48. However, stock will show a bearish move below 67.

Olympic Steel ZEUS tips for tomorrow

Tomorrow's movement Prediction of Olympic Steel ZEUS appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of Olympic Steel ZEUS is showing signs of weakness. Either there is a negative sentiment following this stock or an Elephant sold off here.

Tomorrow's movement Prediction of Olympic Steel ZEUS is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 64.7

Tomorrow's movement Prediction of Olympic Steel ZEUS looks bearish. It has broken an important support level of 62 with high volumes

Munafa value: 10

 Munafa value: 10

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa Olympic Steel, Inc. (ZEUS) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa Olympic Steel, Inc. (ZEUS) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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