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

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

10 day averaged volume of Sh Steel is 5828

Date Daily Closing Price Open High Low Volume
12 Fri Apr 2024 38.15 39.00 40.40 38.15 0.124 times
10 Wed Apr 2024 38.68 39.50 39.50 38.22 0.073 times
09 Tue Apr 2024 39.50 42.00 42.00 39.50 0.263 times
08 Mon Apr 2024 40.35 40.35 41.79 40.35 0.411 times
05 Fri Apr 2024 40.35 41.42 41.75 39.50 0.343 times
04 Thu Apr 2024 41.79 42.00 42.00 40.30 0.298 times
03 Wed Apr 2024 41.01 41.65 42.49 39.66 0.805 times
02 Tue Apr 2024 41.64 37.34 43.00 37.34 7.011 times
01 Mon Apr 2024 37.34 38.80 38.85 36.50 0.369 times
28 Thu Mar 2024 37.97 37.50 38.00 37.50 0.125 times

My analysis of stock is bearish for shortterm, and stock might move down till 36.8 or till 34.7. Use a stoploss of 38.46 and if the stock hits stoploss, then it can shoot up till 40.15

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 32.81
Downside Target 34.26
Downside Target 35.60
Downside Target 37.30
Downside Target 38.15
Upside Target 39.70
Upside Target 42.00
Upside Target 43.00
Upside Target 43.20
Upside Target 47.70
Upside Target 47.99
Upside Target 48.04

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 36.87
Downside Intraday Target 35.58
Upside Intraday Target 40.72
Upside Intraday Target 43.28
Upside Intraday Target 39.43

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
12 Fri Apr 2024 38.15 40.35 42.00 38.15 0.099 times
05 Fri Apr 2024 40.35 38.80 43.00 36.50 5.539 times
28 Thu Mar 2024 37.97 39.70 39.70 35.60 0.65 times
22 Fri Mar 2024 38.00 37.95 39.97 36.10 0.134 times
15 Fri Mar 2024 36.52 38.80 47.99 34.26 14.362 times

Price has moved down 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 Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
12 Fri Apr 2024 38.15 38.80 43.00 36.50 0.409 times
28 Thu Mar 2024 37.97 39.70 47.99 34.26 1.3 times
29 Thu Feb 2024 38.11 41.00 43.20 37.30 0.392 times
31 Wed Jan 2024 39.50 37.40 47.70 36.45 0.527 times

Scroll below to view daily charts

Price has moved up 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 Sh Steel (ShSteel)

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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 Sh Steel ( (ShSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.

Sh Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sh Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.16 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Sh Steel Stock is giving positive 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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 Sh Steel ( (ShSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.

Sh Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sh Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.16 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Sh Steel Stock is giving positive 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.

Click here for Sh Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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