Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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, 1Sell
Stochastics 54None
CCI 9Buy
RSI 57Buy
OBV -5603Sell
VWAP 28Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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.

Click here for Sh Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme