(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 2021-11-30 View latest technical analysis
10 day averaged volume of Sh Steel is 1470
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Nov 2021 | 24.00 | 23.90 | 24.60 | 22.50 | 1.954 times |
| 29 Mon Nov 2021 | 23.15 | 23.05 | 24.00 | 22.50 | 0.348 times |
| 26 Fri Nov 2021 | 23.10 | 24.25 | 24.60 | 22.90 | 2.256 times |
| 25 Thu Nov 2021 | 24.70 | 23.20 | 24.90 | 23.20 | 0.409 times |
| 24 Wed Nov 2021 | 24.05 | 24.30 | 24.30 | 23.05 | 1.032 times |
| 23 Tue Nov 2021 | 24.35 | 24.40 | 24.40 | 23.15 | 1.138 times |
| 22 Mon Nov 2021 | 23.75 | 23.35 | 24.80 | 23.10 | 0.559 times |
| 18 Thu Nov 2021 | 23.30 | 24.10 | 26.40 | 22.90 | 1.927 times |
| 17 Wed Nov 2021 | 25.40 | 24.70 | 25.45 | 24.70 | 0.433 times |
| 16 Tue Nov 2021 | 25.20 | 24.95 | 25.55 | 23.50 | 0.293 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 23.7 as stoploss in an intra day buy trade for a target of 24.64. However, stock will show a bearish move below 23.7.
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 20.25 |
| Downside Target | 22.00 |
| Downside Target | 22.50 |
| Upside Target | 24.60 |
| 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 | 22.8 |
| Downside Intraday Target | 21.6 |
| Upside Intraday Target | 24.9 |
| Upside Intraday Target | 25.8 |
| Downside Intraday Target | 23.7 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Nov 2021 | 24.00 | 23.05 | 24.60 | 22.50 | 0.427 times |
| 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 |
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 |
| 30 Tue Nov 2021 | 24.00 | 24.40 | 28.55 | 20.25 | 1.181 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 | 13, 16, 8 | Sell |
| MACD | -1, -0 | Sell |
| Stochastics | 20 | Sell |
| CCI | -53 | Buy |
| RSI | 44 | Sell |
| OBV | 12419 | Sell |
| VWAP | 24 | Buy |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
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 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 losing momentum.
MACD generated a SELL signal for Sh Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 moving up
CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.
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 23.79 and Sh Steel (ShSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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