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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 2760

Date Daily Closing Price Open High Low Volume
24 Tue May 2022 22.95 21.55 23.00 21.20 1.195 times
23 Mon May 2022 21.55 22.65 22.95 21.30 0.216 times
20 Fri May 2022 21.60 21.80 22.90 21.30 3.909 times
19 Thu May 2022 21.80 22.05 23.45 20.50 0.796 times
18 Wed May 2022 23.40 22.20 24.00 22.00 0.623 times
17 Tue May 2022 22.45 22.45 23.90 22.30 0.604 times
16 Mon May 2022 22.45 23.60 24.95 21.65 0.654 times
13 Fri May 2022 23.00 22.10 23.25 21.50 0.437 times
12 Thu May 2022 21.40 21.60 21.70 21.00 0.535 times
11 Wed May 2022 22.15 23.25 23.25 22.00 1.387 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.1 or till 20.9. Use a stoploss of 23.08 and if the stock hits stoploss, then it can shoot up till 24.09

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.50
Downside Target 21.00
Downside Target 21.70
Downside Target 22.50
Upside Target 23.00
Upside Target 24.05
Upside Target 24.95
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 21.77
Downside Intraday Target 20.58
Upside Intraday Target 23.57
Upside Intraday Target 24.18
Downside Intraday Target 22.38

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
24 Tue May 2022 22.95 22.65 23.00 21.20 0.214 times
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

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
24 Tue May 2022 22.95 24.40 26.00 20.50 0.606 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 13, 16, 9 Sell
MACD -1, -1Sell
Stochastics 34None
CCI 3Buy
RSI 52Buy
OBV -19495Sell
VWAP 22Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 22.1 and Sh Steel (ShSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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

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Daily charts

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Daily chart

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