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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 2021-09-16 View latest technical analysis

10 day averaged volume of Sh Steel is 3537

Date Daily Closing Price Open High Low Volume
16 Thu Sep 2021 23.65 26.00 26.00 22.00 2.889 times
15 Wed Sep 2021 24.90 25.85 25.85 24.80 0.429 times
14 Tue Sep 2021 25.90 26.05 26.20 24.30 0.884 times
13 Mon Sep 2021 25.30 25.60 26.45 24.25 1.932 times
09 Thu Sep 2021 25.60 26.75 26.75 24.05 1.003 times
08 Wed Sep 2021 25.45 26.55 26.55 24.55 0.215 times
07 Tue Sep 2021 25.70 25.90 27.90 24.00 1.543 times
06 Mon Sep 2021 26.95 25.50 28.70 25.00 0.224 times
03 Fri Sep 2021 26.55 28.65 28.65 24.50 0.831 times
02 Thu Sep 2021 26.80 26.95 27.75 26.00 0.935 times

Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 23.7, for a target of 24.7 or 25.6

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 19.05
Downside Target 19.80
Downside Target 22.00
Downside Target 22.60
Downside Target 23.35
Upside Target 25.50
Upside Target 26.45
Upside Target 28.55
Upside Target 28.70
Upside Target 29.00
Upside Target 29.50
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 21.62
Downside Intraday Target 19.58
Upside Intraday Target 26.07
Upside Intraday Target 28.48
Upside Intraday Target 24.03

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
16 Thu Sep 2021 23.65 25.60 26.45 22.00 2.055 times
09 Thu Sep 2021 25.60 25.50 28.70 24.00 0.61 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
16 Thu Sep 2021 23.65 25.85 28.70 22.00 0.25 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 8, 19, 43 Sell
MACD -1, -1Sell
Stochastics 28Sell
CCI -180Sell
RSI 48Sell
OBV -24714Sell
VWAP 25Sell
ADL 0Sell
ROC -6Sell
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

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 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 SELL signal in short term and selling is picking up 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 25.24 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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