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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 5019

Date Daily Closing Price Open High Low Volume
08 Wed Feb 2023 29.25 32.45 32.45 29.20 0.717 times
07 Tue Feb 2023 31.75 29.20 32.40 28.60 0.794 times
06 Mon Feb 2023 28.60 31.60 32.40 28.40 1.778 times
03 Fri Feb 2023 31.00 30.00 32.90 29.05 5.138 times
02 Thu Feb 2023 29.05 27.95 29.80 27.95 0.097 times
01 Wed Feb 2023 28.05 29.60 29.90 27.00 0.779 times
31 Tue Jan 2023 28.50 28.60 29.20 27.10 0.455 times
30 Mon Jan 2023 28.60 26.30 29.00 26.30 0.186 times
27 Fri Jan 2023 27.95 27.95 28.45 27.70 0.06 times
25 Wed Jan 2023 28.00 27.30 28.50 27.30 0.691 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 29.7 as stoploss in an intra day sell trade for a target of 28.72. However, stock will show a bullish move above 29.7.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.10
Downside Target 23.05
Downside Target 24.00
Downside Target 25.50
Downside Target 28.40
Downside Target 29.00
Upside Target 29.90
Upside Target 32.00
Upside Target 32.45
Upside Target 32.90
Upside Target 33.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 27.62
Downside Intraday Target 25.98
Upside Intraday Target 31.67
Upside Intraday Target 34.08
Upside Intraday Target 30.03

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
08 Wed Feb 2023 29.25 31.60 32.45 28.40 0.494 times
03 Fri Feb 2023 31.00 26.30 32.90 26.30 5.49 times
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

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
08 Wed Feb 2023 29.25 29.60 32.90 27.00 1.219 times
31 Tue Jan 2023 28.50 26.00 32.00 26.00 0.789 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

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 18, 8, 41 Buy
MACD 1, 1Buy
Stochastics 54None
CCI 71Sell
RSI 54Buy
OBV 9151Sell
VWAP 30Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 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.

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

MACD generated a BUY signal for Sh Steel in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

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 SELL signal for Sh Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 29.95 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 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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