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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 2411

Date Daily Closing Price Open High Low Volume
04 Tue Oct 2022 23.45 25.45 25.45 23.45 0.747 times
03 Mon Oct 2022 23.90 24.25 24.90 23.30 0.436 times
30 Fri Sep 2022 23.20 23.00 24.65 23.00 0.552 times
29 Thu Sep 2022 23.30 26.65 26.65 23.05 0.28 times
28 Wed Sep 2022 23.90 23.35 24.00 23.35 0.087 times
27 Tue Sep 2022 23.40 24.00 24.00 22.25 0.588 times
26 Mon Sep 2022 23.95 23.10 23.95 23.10 4.865 times
23 Fri Sep 2022 23.35 23.50 24.00 23.25 0.261 times
22 Thu Sep 2022 24.20 24.50 24.50 23.95 0.288 times
21 Wed Sep 2022 24.05 24.75 24.90 23.85 0.106 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 23.3 as stoploss in an intra day buy trade for a target of 23.92. However, stock will show a bearish move below 23.3.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 18.10
Downside Target 21.60
Downside Target 22.25
Downside Target 23.25
Upside Target 24.45
Upside Target 25.00
Upside Target 25.45
Upside Target 25.60
Upside Target 26.00
Upside Target 26.65
Upside Target 26.70
Upside Target 28.90

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 22.68
Downside Intraday Target 21.92
Upside Intraday Target 24.83
Upside Intraday Target 26.22
Upside Intraday Target 24.07

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
04 Tue Oct 2022 23.45 24.25 25.45 23.30 0.186 times
30 Fri Sep 2022 23.20 23.10 26.65 22.25 1.636 times
23 Fri Sep 2022 23.35 23.75 26.70 23.25 1.053 times
16 Fri Sep 2022 23.25 24.90 26.00 22.55 0.285 times
09 Fri Sep 2022 23.90 26.55 28.90 23.60 0.89 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 Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
04 Tue Oct 2022 23.45 24.25 25.45 23.30 0.029 times
30 Fri Sep 2022 23.20 23.80 28.90 22.25 4.289 times
30 Tue Aug 2022 22.80 24.00 24.45 21.65 0.602 times
29 Fri Jul 2022 23.80 23.60 25.00 21.60 0.697 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)

Indicator Name Indicator Value Indicator Signal
ADX 25, 13, 31 Buy
MACD -0, 0Sell
Stochastics 29Sell
CCI 51Buy
RSI 45Sell
OBV -7240Sell
VWAP 24Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 short to mid term time period is

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is

ADX buy sell signal for Sh Steel stock for short term is BUY. 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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sh 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 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 23.78 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 positive

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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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