(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 3449
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Dec 2022 | 27.50 | 26.60 | 28.55 | 26.60 | 1.077 times |
| 08 Thu Dec 2022 | 27.95 | 27.00 | 28.90 | 26.55 | 0.731 times |
| 07 Wed Dec 2022 | 27.95 | 29.00 | 29.00 | 26.10 | 1.69 times |
| 06 Tue Dec 2022 | 27.05 | 26.00 | 28.40 | 26.00 | 0.419 times |
| 05 Mon Dec 2022 | 26.60 | 26.90 | 28.00 | 26.50 | 0.223 times |
| 02 Fri Dec 2022 | 27.90 | 28.00 | 28.00 | 27.90 | 0.582 times |
| 01 Thu Dec 2022 | 27.45 | 27.15 | 28.00 | 27.10 | 1.334 times |
| 30 Wed Nov 2022 | 28.15 | 27.85 | 28.50 | 26.35 | 1.405 times |
| 29 Tue Nov 2022 | 26.95 | 28.20 | 28.20 | 26.60 | 0.394 times |
| 28 Mon Nov 2022 | 27.00 | 27.60 | 28.25 | 26.85 | 0.721 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28.1 or till 28.8. Use a stoploss of 27.43 and if this stock hits its stoploss, then it can fall down till 26.79
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 20.10 |
| Downside Target | 21.65 |
| Downside Target | 22.25 |
| Downside Target | 23.05 |
| Downside Target | 24.10 |
| Downside Target | 25.00 |
| Downside Target | 25.50 |
| Upside Target | 28.50 |
| Upside Target | 29.00 |
| Upside Target | 29.75 |
| Upside Target | 29.90 |
| Upside Target | 33.00 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 26 |
| Downside Intraday Target | 24.5 |
| Upside Intraday Target | 29 |
| Upside Intraday Target | 30.5 |
| Downside Intraday Target | 27.5 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Dec 2022 | 27.50 | 26.90 | 29.00 | 26.00 | 0.934 times |
| 02 Fri Dec 2022 | 27.90 | 27.60 | 28.50 | 26.35 | 0.518 times |
| 25 Fri Nov 2022 | 26.80 | 29.90 | 29.90 | 24.10 | 0.952 times |
| 18 Fri Nov 2022 | 28.00 | 29.75 | 29.75 | 25.60 | 0.153 times |
| 11 Fri Nov 2022 | 28.10 | 25.45 | 33.00 | 25.00 | 18.313 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 |
| 09 Fri Dec 2022 | 27.50 | 27.15 | 29.00 | 26.00 | 0.074 times |
| 30 Wed Nov 2022 | 28.15 | 24.10 | 33.00 | 23.05 | 14.169 times |
| 31 Mon Oct 2022 | 23.80 | 24.25 | 25.50 | 20.10 | 0.204 times |
| 30 Fri Sep 2022 | 23.20 | 23.80 | 28.90 | 22.25 | 4.289 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 | 11, 15, 16 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 63 | None |
| CCI | 16 | Sell |
| RSI | 52 | Buy |
| OBV | 43348 | Sell |
| VWAP | 28 | Sell |
| ADL | 0 | Sell |
| ROC | 3 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Sh Steel stock for short term is SELL. 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Sh Steel in short term but SELL 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Sh 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 27.64 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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