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(ZEUS) Olympic Steel complete technical analysis [charts+indicators] | Buy/Sell Olympic Steel | (ZEUS) share price targets

Complete technical analysis of Olympic Steel (ZEUS) by charts plus indicators, forecast predictions and share price targets for Olympic Steel (ZEUS)

Olympic Steel trades in USA in Basic Industries sector.

10 day averaged volume of Olympic Steel is 99827

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 55.69 53.76 55.96 53.33 0.929 times
15 Wed May 2024 53.51 52.80 53.64 52.40 0.551 times
14 Tue May 2024 52.58 52.75 53.15 52.12 1 times
13 Mon May 2024 52.03 53.80 54.19 51.88 0.833 times
10 Fri May 2024 54.03 52.58 54.19 52.40 0.682 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.5 as stoploss in an intra day buy trade for a target of 60.06. However, stock will show a bearish move below 53.5.

Share price targets for Olympic Steel (ZEUS)

Target Type Value
Downside Target 51.67
Upside Target 55.96
Upside Target 58.54
Upside Target 61.38
Upside Target 64.65
Upside Target 66.25
Upside Target 67.81
Upside Target 69.57
Upside Target 69.77
Upside Target 69.79
Upside Target 71.36
Upside Target 73.27
Upside Target 73.49

Intraday share price targets for Olympic Steel (ZEUS)

Target Type Value
Downside Intraday Target 53.06
Downside Intraday Target 50.43
Upside Intraday Target 57.14
Upside Intraday Target 58.59
Downside Intraday Target 54.51

Weekly technical analysis of Olympic Steel (ZEUS)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 55.69 53.80 55.96 51.88 0.634 times
10 Fri May 2024 54.03 57.56 58.54 51.67 1.18 times
03 Fri May 2024 57.55 66.68 67.81 56.07 1.71 times
26 Fri Apr 2024 66.68 68.19 69.79 66.25 1.078 times
19 Fri Apr 2024 67.87 68.59 69.57 66.31 1.008 times

Price has moved up 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 Olympic Steel (ZEUS)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 55.69 64.24 64.82 51.67 0.979 times
30 Tue Apr 2024 63.57 71.25 73.27 63.31 0.499 times
28 Thu Mar 2024 70.88 68.02 71.36 62.31 1.577 times
29 Thu Feb 2024 68.02 68.36 73.49 64.65 1.01 times

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 Olympic Steel (ZEUS)

Indicator Name Indicator Value Indicator Signal
ADX 15, 31, 33 Sell
MACD -7, -6Sell
Stochastics 18Sell
CCI 43Buy
RSI 40Sell
OBV -501130Sell
VWAP 54Buy
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Olympic Steel ( (ZEUS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Olympic Steel ( (ZEUS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Olympic Steel ( (ZEUS) ) based on a short to mid 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 Olympic Steel ( (ZEUS) ) 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 Olympic Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Olympic Steel in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Olympic Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Olympic Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Olympic Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.93 and Olympic Steel (ZEUS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Olympic Steel (ZEUS) stock. Volume based technical analysis of Olympic Steel (ZEUS) stock is negative.

Olympic 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.

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