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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 2021-11-26 View latest technical analysis

10 day averaged volume of Sh Steel is 1219

Date Daily Closing Price Open High Low Volume
26 Fri Nov 2021 23.10 24.25 24.60 22.90 2.72 times
25 Thu Nov 2021 24.70 23.20 24.90 23.20 0.493 times
24 Wed Nov 2021 24.05 24.30 24.30 23.05 1.244 times
23 Tue Nov 2021 24.35 24.40 24.40 23.15 1.372 times
22 Mon Nov 2021 23.75 23.35 24.80 23.10 0.674 times
18 Thu Nov 2021 23.30 24.10 26.40 22.90 2.324 times
17 Wed Nov 2021 25.40 24.70 25.45 24.70 0.522 times
16 Tue Nov 2021 25.20 24.95 25.55 23.50 0.353 times
15 Mon Nov 2021 24.95 26.40 26.40 23.25 1.936 times
12 Fri Nov 2021 26.25 25.45 26.25 24.55 0.115 times

Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.7, but if it comes above 23.7, then a intra day buy could be more profitable.
If you take a sell trade below 23.7, then use 23.7 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 23.7 as stoploss and 24.62 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 22.00
Downside Target 22.60
Upside Target 24.90
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 22.37
Downside Intraday Target 21.63
Upside Intraday Target 24.37
Upside Intraday Target 25.63
Upside Intraday Target 23.63

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
26 Fri Nov 2021 23.10 23.35 24.90 22.90 1.267 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 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
26 Fri Nov 2021 23.10 24.40 28.55 20.25 1.116 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 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 12, 17, 15 Sell
MACD -1, -0Sell
Stochastics 24Sell
CCI -104Sell
RSI 46Sell
OBV 6149Sell
VWAP 24Sell
ADL 0Sell
ROC -9Sell
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 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.

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 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 23.99 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.

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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