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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 2021-12-02 View latest technical analysis

10 day averaged volume of Sh Steel is 1519

Date Daily Closing Price Open High Low Volume
02 Thu Dec 2021 23.90 24.40 24.40 23.20 0.619 times
01 Wed Dec 2021 23.10 23.00 23.85 23.00 0.272 times
30 Tue Nov 2021 24.00 23.90 24.60 22.50 1.891 times
29 Mon Nov 2021 23.15 23.05 24.00 22.50 0.337 times
26 Fri Nov 2021 23.10 24.25 24.60 22.90 2.183 times
25 Thu Nov 2021 24.70 23.20 24.90 23.20 0.396 times
24 Wed Nov 2021 24.05 24.30 24.30 23.05 0.999 times
23 Tue Nov 2021 24.35 24.40 24.40 23.15 1.101 times
22 Mon Nov 2021 23.75 23.35 24.80 23.10 0.54 times
18 Thu Nov 2021 23.30 24.10 26.40 22.90 1.865 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 23.5 as stoploss in an intra day buy trade for a target of 24.54. However, stock will show a bearish move below 23.5.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 22.00
Downside Target 22.50
Upside Target 24.40
Upside Target 24.90
Upside Target 26.40
Upside Target 27.65
Upside Target 27.95
Upside Target 28.55
Upside Target 28.70
Upside Target 34.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 22.73
Downside Intraday Target 21.57
Upside Intraday Target 24.83
Upside Intraday Target 25.77
Downside Intraday Target 23.67

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
02 Thu Dec 2021 23.90 23.05 24.60 22.50 0.598 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
02 Thu Dec 2021 23.90 23.00 24.40 23.00 0.022 times
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

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 15, 14, 2 Buy
MACD -1, -1Sell
Stochastics 30Sell
CCI 16Buy
RSI 44Sell
OBV 6330Sell
VWAP 24Buy
ADL 0Sell
ROC -6Sell
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 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 BUY. 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 weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

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 23.68 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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