(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 1803
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 28.05 | 29.60 | 29.90 | 27.00 | 2.167 times |
| 31 Tue Jan 2023 | 28.50 | 28.60 | 29.20 | 27.10 | 1.267 times |
| 30 Mon Jan 2023 | 28.60 | 26.30 | 29.00 | 26.30 | 0.517 times |
| 27 Fri Jan 2023 | 27.95 | 27.95 | 28.45 | 27.70 | 0.168 times |
| 25 Wed Jan 2023 | 28.00 | 27.30 | 28.50 | 27.30 | 1.923 times |
| 24 Tue Jan 2023 | 29.00 | 29.90 | 29.90 | 27.30 | 0.065 times |
| 23 Mon Jan 2023 | 28.50 | 28.00 | 28.50 | 28.00 | 1.219 times |
| 20 Fri Jan 2023 | 28.30 | 27.35 | 29.70 | 27.35 | 1.967 times |
| 19 Thu Jan 2023 | 29.25 | 28.00 | 29.25 | 28.00 | 1.149 times |
| 18 Wed Jan 2023 | 27.80 | 28.00 | 28.90 | 27.20 | 0.368 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 bullish for shortterm, and stock might move up till 28.7 or till 29.5. Use a stoploss of 28.01 and if this stock hits its stoploss, then it can fall down till 27.33
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 |
| Upside Target | 29.00 |
| 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 | 26.27 |
| Downside Intraday Target | 24.48 |
| Upside Intraday Target | 29.87 |
| Upside Intraday Target | 31.68 |
| Upside Intraday Target | 28.08 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 28.05 | 26.30 | 29.90 | 26.30 | 1.171 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 |
| 06 Fri Jan 2023 | 27.00 | 26.00 | 31.40 | 26.00 | 2.246 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 |
| 01 Wed Feb 2023 | 28.05 | 29.60 | 29.90 | 27.00 | 0.102 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 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 | 20, 11, 29 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 54 | None |
| CCI | 9 | Buy |
| RSI | 57 | Buy |
| OBV | -5603 | Sell |
| VWAP | 28 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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
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. Bulls 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 and BUY signal is strong.
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 28.34 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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