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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 2021-09-17 View latest technical analysis

10 day averaged volume of Sh Steel is 3850

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 24.60 26.00 26.00 23.30 0.711 times
16 Thu Sep 2021 23.65 26.00 26.00 22.00 2.655 times
15 Wed Sep 2021 24.90 25.85 25.85 24.80 0.394 times
14 Tue Sep 2021 25.90 26.05 26.20 24.30 0.812 times
13 Mon Sep 2021 25.30 25.60 26.45 24.25 1.775 times
09 Thu Sep 2021 25.60 26.75 26.75 24.05 0.922 times
08 Wed Sep 2021 25.45 26.55 26.55 24.55 0.197 times
07 Tue Sep 2021 25.70 25.90 27.90 24.00 1.418 times
06 Mon Sep 2021 26.95 25.50 28.70 25.00 0.205 times
03 Fri Sep 2021 26.55 28.65 28.65 24.50 0.764 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.8, but if it comes above 24.8, then a intra day buy could be more profitable.
If you take a sell trade below 24.8, then use 24.8 as stoploss and 23.8 as target. However if you take a buy trade in stock , then use 24.8 as stoploss and 25.63 as target.

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 22.25
Downside Intraday Target 19.9
Upside Intraday Target 26.7
Upside Intraday Target 28.8
Downside Intraday Target 24.35

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 24.60 25.60 26.45 22.00 2.314 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
17 Fri Sep 2021 24.60 25.85 28.70 22.00 0.265 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 7, 17, 42 Sell
MACD -1, -1Sell
Stochastics 28Sell
CCI -97Buy
RSI 48Sell
OBV -20939Sell
VWAP 25Sell
ADL 0Sell
ROC -8Sell
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 losing 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 moving up

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

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 25.06 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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