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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 1958

Date Daily Closing Price Open High Low Volume
30 Thu Jun 2022 21.65 22.70 22.70 19.10 2.415 times
29 Wed Jun 2022 22.85 22.95 22.95 21.85 0.594 times
28 Tue Jun 2022 21.60 22.80 24.25 21.35 2.15 times
27 Mon Jun 2022 22.75 22.90 22.90 21.05 0.319 times
24 Fri Jun 2022 22.90 21.85 23.00 21.85 0.575 times
23 Thu Jun 2022 21.40 21.40 23.80 18.10 1.97 times
22 Wed Jun 2022 21.00 20.85 22.90 20.50 0.305 times
21 Tue Jun 2022 21.80 21.85 21.85 20.20 2.287 times
20 Mon Jun 2022 21.40 21.40 21.40 21.40 0.043 times
17 Fri Jun 2022 21.40 21.40 21.40 21.30 0.573 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 21.5 as stoploss in an intra day buy trade for a target of 22.19. However, stock will show a bearish move below 21.5.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 18.10
Downside Target 19.10
Downside Target 20.05
Downside Target 20.50
Downside Target 21.10
Upside Target 22.50
Upside Target 23.70
Upside Target 24.95
Upside Target 25.60
Upside Target 26.00
Upside Target 27.90
Upside Target 28.80
Upside Target 29.95

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 19.08
Downside Intraday Target 16.52
Upside Intraday Target 24.23
Upside Intraday Target 26.82
Upside Intraday Target 21.67

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
30 Thu Jun 2022 21.65 22.90 24.25 19.10 1.058 times
24 Fri Jun 2022 22.90 21.40 23.80 18.10 1.757 times
17 Fri Jun 2022 21.40 23.70 23.70 20.05 0.329 times
10 Fri Jun 2022 23.20 21.40 25.60 21.10 1.1 times
03 Fri Jun 2022 21.80 22.10 24.95 21.50 1.281 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
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
29 Fri Apr 2022 23.60 23.00 28.80 21.70 1.108 times
31 Thu Mar 2022 23.10 23.55 27.90 22.05 1.391 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 13, 30, 39 Sell
MACD -0, -1Buy
Stochastics 64None
CCI -73Sell
RSI 54Buy
OBV 4713Sell
VWAP 22Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 21.75 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 negative.

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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