Olympic Steel (ZEUS) Technical Analysis

Olympic Steel Inc (ZEUS) is a company in the steel industry that specializes in the manufacturing and distribution of metal products. As an investor, it is crucial to analyze the technical indicators of ZEUS stock to make informed decisions. Technical analysis is a method that uses historical price and volume data, along with various mathematical calculations, to identify potential trends and patterns in stock prices.

One of the commonly used technical indicators is the Relative Strength Index (RSI), which measures the speed and change of price movements. By examining the RSI of ZEUS stock, investors can determine whether the stock is overbought or oversold, indicating potential buying or selling opportunities. Another important indicator is the Average Directional Index (ADX), which helps assess the strength of a trend. A high ADX value suggests a strong trend and may prompt investors to consider entering or exiting positions.