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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 2021-11-24 View latest technical analysis

10 day averaged volume of Sh Steel is 1616

Date Daily Closing Price Open High Low Volume
24 Wed Nov 2021 24.05 24.30 24.30 23.05 0.939 times
23 Tue Nov 2021 24.35 24.40 24.40 23.15 1.035 times
22 Mon Nov 2021 23.75 23.35 24.80 23.10 0.508 times
18 Thu Nov 2021 23.30 24.10 26.40 22.90 1.753 times
17 Wed Nov 2021 25.40 24.70 25.45 24.70 0.394 times
16 Tue Nov 2021 25.20 24.95 25.55 23.50 0.266 times
15 Mon Nov 2021 24.95 26.40 26.40 23.25 1.46 times
12 Fri Nov 2021 26.25 25.45 26.25 24.55 0.087 times
11 Thu Nov 2021 25.45 26.90 26.90 24.65 0.731 times
10 Wed Nov 2021 25.55 26.90 27.95 24.30 1.452 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.8 as stoploss in an intra day buy trade for a target of 24.67. However, stock will show a bearish move below 23.8.

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 23.13
Downside Intraday Target 22.22
Upside Intraday Target 24.88
Upside Intraday Target 25.72
Downside Intraday Target 23.97

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
24 Wed Nov 2021 24.05 23.35 24.80 23.05 0.641 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
24 Wed Nov 2021 24.05 24.40 28.55 20.25 1.041 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 11, 18, 23 Sell
MACD -0, -0Sell
Stochastics 23Sell
CCI -98Sell
RSI 48Sell
OBV 10632Sell
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 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 Strong 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 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 coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

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 24.56 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.

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Daily charts

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Daily chart

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