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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)

10 day averaged volume of Sh Steel is 1253

Date Daily Closing Price Open High Low Volume
11 Thu Aug 2022 23.85 23.95 23.95 23.80 0.842 times
10 Wed Aug 2022 23.85 24.10 24.10 23.00 0.184 times
08 Mon Aug 2022 23.20 24.15 24.20 23.05 1.001 times
04 Thu Aug 2022 24.15 23.75 24.20 23.25 1.965 times
03 Wed Aug 2022 24.20 23.45 24.20 23.45 0.556 times
02 Tue Aug 2022 23.90 23.95 23.95 23.35 0.425 times
01 Mon Aug 2022 23.25 24.00 24.00 23.25 0.174 times
30 Sat Jul 2022 23.80 23.80 23.90 23.80 1.118 times
28 Thu Jul 2022 23.95 22.40 23.95 22.40 2.875 times
27 Wed Jul 2022 23.40 23.55 23.90 23.40 0.932 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 24 as stoploss in an intra day sell trade for a target of 23.38. However, stock will show a bullish move above 24.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 18.10
Downside Target 20.50
Downside Target 21.60
Downside Target 22.35
Upside Target 24.00
Upside Target 24.20
Upside Target 24.25
Upside Target 25.00
Upside Target 25.60
Upside Target 26.00
Upside Target 28.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 23.17
Downside Intraday Target 22.48
Upside Intraday Target 24.37
Upside Intraday Target 24.88
Downside Intraday Target 23.68

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
11 Thu Aug 2022 23.85 24.15 24.20 23.00 0.65 times
04 Thu Aug 2022 24.15 24.00 24.20 23.25 0.401 times
30 Sat Jul 2022 23.80 22.80 24.00 22.35 0.936 times
22 Fri Jul 2022 22.70 24.20 24.20 21.60 2.747 times
15 Fri Jul 2022 24.05 24.00 24.25 22.70 0.49 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
11 Thu Aug 2022 23.85 24.00 24.20 23.00 0.171 times
30 Sat Jul 2022 23.80 23.60 25.00 21.60 0.697 times
30 Thu Jun 2022 21.65 23.60 25.60 18.10 0.886 times
31 Tue May 2022 23.05 24.40 26.00 20.50 0.795 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 8, 21, 47 Sell
MACD 0, 0Buy
Stochastics 69None
CCI 74Buy
RSI 51Buy
OBV -5403Sell
VWAP 24Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sh Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 23.84 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 rising upwards.

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 is giving positive 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

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Daily chart

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