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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 1761

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 27.95 27.95 28.45 27.70 0.172 times
25 Wed Jan 2023 28.00 27.30 28.50 27.30 1.969 times
24 Tue Jan 2023 29.00 29.90 29.90 27.30 0.066 times
23 Mon Jan 2023 28.50 28.00 28.50 28.00 1.248 times
20 Fri Jan 2023 28.30 27.35 29.70 27.35 2.014 times
19 Thu Jan 2023 29.25 28.00 29.25 28.00 1.176 times
18 Wed Jan 2023 27.80 28.00 28.90 27.20 0.376 times
17 Tue Jan 2023 28.95 30.25 30.25 26.75 1.392 times
16 Mon Jan 2023 27.90 27.40 28.50 26.75 0.337 times
13 Fri Jan 2023 28.25 28.50 28.50 28.00 0.338 times

My analysis of stock is bullish for shortterm, and stock might move up till 28.6 or till 29.4. Use a stoploss of 27.87 and if this stock hits its stoploss, then it can fall down till 27.16

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.10
Downside Target 22.25
Downside Target 23.05
Downside Target 24.00
Downside Target 25.50
Downside Target 27.30
Upside Target 28.50
Upside Target 29.90
Upside Target 30.25
Upside Target 31.40
Upside Target 32.00
Upside Target 33.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 26.87
Downside Intraday Target 25.78
Upside Intraday Target 29.47
Upside Intraday Target 30.98
Upside Intraday Target 28.38

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 27.95 28.00 29.90 27.30 0.652 times
20 Fri Jan 2023 28.30 27.40 30.25 26.75 1.507 times
13 Fri Jan 2023 28.25 27.00 32.00 26.10 0.459 times
06 Fri Jan 2023 27.00 26.00 31.40 26.00 2.246 times
30 Fri Dec 2022 27.15 28.50 28.50 26.25 0.343 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
27 Fri Jan 2023 27.95 26.00 32.00 26.00 0.723 times
30 Fri Dec 2022 27.15 27.15 29.00 24.00 0.172 times
30 Wed Nov 2022 28.15 24.10 33.00 23.05 14.169 times
31 Mon Oct 2022 23.80 24.25 25.50 20.10 0.204 times

Scroll below to view daily charts

Price has moved up 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 23, 9, 45 Buy
MACD 1, 1Sell
Stochastics 37None
CCI -55Buy
RSI 54Buy
OBV -5209Sell
VWAP 28Sell
ADL 0Sell
ROC 1Buy
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 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 to mid 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer 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.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are in or below the green 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 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 28.45 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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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