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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 2916

Date Daily Closing Price Open High Low Volume
20 Wed Oct 2021 23.80 25.45 25.45 23.00 0.579 times
19 Tue Oct 2021 24.05 25.20 25.45 23.70 0.553 times
18 Mon Oct 2021 25.20 24.35 25.20 23.80 0.476 times
14 Thu Oct 2021 24.35 25.50 25.50 24.30 0.702 times
13 Wed Oct 2021 24.20 25.85 25.85 24.05 0.691 times
12 Tue Oct 2021 24.90 24.65 26.50 24.65 2.33 times
11 Mon Oct 2021 25.90 25.75 26.55 25.60 0.883 times
08 Fri Oct 2021 25.70 26.90 27.15 25.20 0.568 times
07 Thu Oct 2021 25.55 27.45 27.45 25.50 0.529 times
06 Wed Oct 2021 26.50 26.95 27.35 25.30 1.064 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.4, but if it comes above 24.4, then a intra day buy could be more profitable.
If you take a sell trade below 24.4, then use 24.4 as stoploss and 23.3 as target. However if you take a buy trade in stock , then use 24.4 as stoploss and 25.32 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 19.80
Downside Target 22.00
Downside Target 22.60
Upside Target 24.05
Upside Target 25.20
Upside Target 26.55
Upside Target 27.65
Upside Target 27.90
Upside Target 28.70
Upside Target 34.70
Upside Target 35.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 22.72
Downside Intraday Target 21.63
Upside Intraday Target 25.17
Upside Intraday Target 26.53
Upside Intraday Target 24.08

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
20 Wed Oct 2021 23.80 24.35 25.45 23.00 0.349 times
14 Thu Oct 2021 24.35 25.75 26.55 24.05 0.945 times
08 Fri Oct 2021 25.70 26.10 27.65 25.20 0.457 times
01 Fri Oct 2021 26.50 27.90 27.90 24.35 0.797 times
24 Fri Sep 2021 27.00 25.10 27.65 23.00 1.598 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
20 Wed Oct 2021 23.80 26.00 27.65 23.00 0.387 times
30 Thu Sep 2021 25.90 25.85 28.70 22.00 0.597 times
31 Tue Aug 2021 25.60 32.95 34.70 23.35 0.442 times
30 Fri Jul 2021 32.80 22.95 35.00 22.60 2.044 times

Scroll below to view daily charts

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 Sh Steel (ShSteel)

Indicator Name Indicator Value Indicator Signal
ADX 8, 16, 36 Sell
MACD -1, -0Sell
Stochastics 21Sell
CCI -107Sell
RSI 49Sell
OBV 21060Sell
VWAP 25Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 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 Sh Steel ( (ShSteel) ) 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 Sh Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sh 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 coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL 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

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 25.09 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 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.

Click here for Sh Steel charts

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Daily charts

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Daily chart

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