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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 2021-11-23 View latest technical analysis

10 day averaged volume of Sh Steel is 1688

Date Daily Closing Price Open High Low Volume
23 Tue Nov 2021 24.35 24.40 24.40 23.15 0.991 times
22 Mon Nov 2021 23.75 23.35 24.80 23.10 0.486 times
18 Thu Nov 2021 23.30 24.10 26.40 22.90 1.678 times
17 Wed Nov 2021 25.40 24.70 25.45 24.70 0.377 times
16 Tue Nov 2021 25.20 24.95 25.55 23.50 0.255 times
15 Mon Nov 2021 24.95 26.40 26.40 23.25 1.398 times
12 Fri Nov 2021 26.25 25.45 26.25 24.55 0.083 times
11 Thu Nov 2021 25.45 26.90 26.90 24.65 0.7 times
10 Wed Nov 2021 25.55 26.90 27.95 24.30 1.39 times
09 Tue Nov 2021 26.00 24.20 26.20 24.20 2.215 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.8 or till 22.7. Use a stoploss of 24.68 and if the stock hits stoploss, then it can shoot up till 25.57

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 22.00
Downside Target 22.60
Upside Target 24.80
Upside Target 26.40
Upside Target 27.65
Upside Target 27.95
Upside Target 28.55
Upside Target 28.70
Upside Target 34.70
Upside Target 35.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 23.37
Downside Intraday Target 22.38
Upside Intraday Target 25.07
Upside Intraday Target 25.78
Downside Intraday Target 24.08

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
23 Tue Nov 2021 24.35 23.35 24.80 23.10 0.398 times
18 Thu Nov 2021 23.30 26.40 26.40 22.90 0.639 times
12 Fri Nov 2021 26.25 25.05 27.95 23.80 0.287 times
04 Thu Nov 2021 24.30 24.40 28.55 20.25 4.589 times
29 Fri Oct 2021 23.40 24.00 25.10 23.10 1.031 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
23 Tue Nov 2021 24.35 24.40 28.55 20.25 1.012 times
29 Fri Oct 2021 23.40 26.00 27.65 23.00 0.479 times
30 Thu Sep 2021 25.90 25.85 28.70 22.00 0.597 times
31 Tue Aug 2021 25.60 32.95 34.70 23.35 0.442 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 12, 19, 21 Sell
MACD -0, -0Sell
Stochastics 25Sell
CCI -106Buy
RSI 47Sell
OBV 12093Sell
VWAP 25Sell
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 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 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 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 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 and selling is picking up 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 24.94 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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