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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)

Showing technical analysis as on 2021-09-08 View latest technical analysis

10 day averaged volume of Sh Steel is 3320

Date Daily Closing Price Open High Low Volume
08 Wed Sep 2021 25.45 26.55 26.55 24.55 0.229 times
07 Tue Sep 2021 25.70 25.90 27.90 24.00 1.644 times
06 Mon Sep 2021 26.95 25.50 28.70 25.00 0.238 times
03 Fri Sep 2021 26.55 28.65 28.65 24.50 0.886 times
02 Thu Sep 2021 26.80 26.95 27.75 26.00 0.996 times
01 Wed Sep 2021 25.10 25.85 28.50 24.50 2.134 times
31 Tue Aug 2021 25.60 26.75 26.75 24.25 0.635 times
30 Mon Aug 2021 26.85 29.00 29.00 25.20 0.56 times
27 Fri Aug 2021 26.20 26.40 27.95 25.10 1.137 times
26 Thu Aug 2021 26.15 28.50 28.50 25.15 0.859 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 25 as stoploss in an intra day buy trade for a target of 26.04. However, stock will show a bearish move below 25.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 19.05
Downside Target 19.80
Downside Target 22.60
Downside Target 23.35
Upside Target 25.50
Upside Target 28.55
Upside Target 28.70
Upside Target 29.00
Upside Target 29.50
Upside Target 31.00
Upside Target 31.70
Upside Target 34.70
Upside Target 35.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 23.4
Downside Intraday Target 21.35
Upside Intraday Target 28.1
Upside Intraday Target 30.75
Upside Intraday Target 26.05

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
08 Wed Sep 2021 25.45 25.50 28.70 24.00 0.405 times
03 Fri Sep 2021 26.55 29.00 29.00 24.25 0.994 times
27 Fri Aug 2021 26.20 26.00 29.50 23.35 0.777 times
20 Fri Aug 2021 24.45 28.55 28.55 23.70 0.23 times
13 Fri Aug 2021 26.60 30.00 31.00 24.25 2.351 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
08 Wed Sep 2021 25.45 25.85 28.70 24.00 0.112 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
30 Wed Jun 2021 22.10 24.45 25.50 19.80 0.931 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 12, 13, 5 Sell
MACD -0, -0Sell
Stochastics 39None
CCI -114Sell
RSI 51Buy
OBV -15018Sell
VWAP 26Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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

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 losing momentum.

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

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 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 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 25.95 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.

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Daily charts

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Daily chart

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