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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 2021-11-30 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, -0Sell
Stochastics 20Sell
CCI -53Buy
RSI 44Sell
OBV 12419Sell
VWAP 24Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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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Daily charts

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