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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 2011

Date Daily Closing Price Open High Low Volume
20 Fri May 2022 21.60 21.80 22.90 21.30 5.365 times
19 Thu May 2022 21.80 22.05 23.45 20.50 1.092 times
18 Wed May 2022 23.40 22.20 24.00 22.00 0.855 times
17 Tue May 2022 22.45 22.45 23.90 22.30 0.829 times
16 Mon May 2022 22.45 23.60 24.95 21.65 0.897 times
13 Fri May 2022 23.00 22.10 23.25 21.50 0.6 times
12 Thu May 2022 21.40 21.60 21.70 21.00 0.734 times
11 Wed May 2022 22.15 23.25 23.25 22.00 1.904 times
10 Tue May 2022 23.55 23.40 24.75 23.40 1.152 times
09 Mon May 2022 23.55 25.00 25.00 23.20 0.801 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.3, but if it comes above 22.3, then a intra day buy could be more profitable.
If you take a sell trade below 22.3, then use 22.3 as stoploss and 21.1 as target. However if you take a buy trade in stock , then use 22.3 as stoploss and 23.27 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.50
Downside Target 21.00
Upside Target 21.70
Upside Target 22.50
Upside Target 23.05
Upside Target 23.65
Upside Target 24.95
Upside Target 25.95
Upside Target 26.00
Upside Target 27.90
Upside Target 28.80
Upside Target 29.95
Upside Target 34.90

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 19.75
Downside Intraday Target 17.9
Upside Intraday Target 24.2
Upside Intraday Target 26.8
Upside Intraday Target 22.35

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
20 Fri May 2022 21.60 23.60 24.95 20.50 1.742 times
13 Fri May 2022 23.00 25.00 25.00 21.00 0.74 times
06 Fri May 2022 24.50 24.40 26.00 23.05 0.538 times
29 Fri Apr 2022 23.60 25.55 26.00 21.70 4.078 times
22 Fri Apr 2022 24.15 25.45 25.95 23.65 0.873 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
20 Fri May 2022 21.60 24.40 26.00 20.50 0.556 times
29 Fri Apr 2022 23.60 23.00 28.80 21.70 1.108 times
31 Thu Mar 2022 23.10 23.55 27.90 22.05 1.391 times
28 Mon Feb 2022 24.40 27.50 29.95 22.50 0.229 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 16, 18, 7 Sell
MACD -1, -1Sell
Stochastics 34None
CCI -79Buy
RSI 48Sell
OBV -20051Sell
VWAP 22Sell
ADL 0Sell
ROC -12Sell
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 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 mid to longer 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.

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 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 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 positive zone. This is a BUY zone

Stock of Sh Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.22 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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