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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 2199

Date Daily Closing Price Open High Low Volume
01 Fri Jul 2022 22.95 23.60 24.00 22.00 2.779 times
30 Thu Jun 2022 21.65 22.70 22.70 19.10 2.151 times
29 Wed Jun 2022 22.85 22.95 22.95 21.85 0.529 times
28 Tue Jun 2022 21.60 22.80 24.25 21.35 1.914 times
27 Mon Jun 2022 22.75 22.90 22.90 21.05 0.284 times
24 Fri Jun 2022 22.90 21.85 23.00 21.85 0.512 times
23 Thu Jun 2022 21.40 21.40 23.80 18.10 1.754 times
22 Wed Jun 2022 21.00 20.85 22.90 20.50 0.271 times
21 Tue Jun 2022 21.80 21.85 21.85 20.20 2.036 times
20 Mon Jun 2022 21.40 21.40 21.40 21.40 0.039 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.9, but if it comes below 22.9, then a intra day sell could be more profitable.
If you take a sell trade below 22.9, then use 22.9 as stoploss and 22.25 as target. However if you take a buy trade in stock , then use 22.9 as stoploss and 23.8 as target.

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 23.70
Upside Target 24.25
Upside Target 24.95
Upside Target 25.60
Upside Target 26.00
Upside Target 27.90
Upside Target 28.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 19.95
Downside Intraday Target 16.95
Upside Intraday Target 25.1
Upside Intraday Target 27.25
Downside Intraday Target 22.1

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Jul 2022 22.95 22.90 24.25 19.10 1.66 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
01 Fri Jul 2022 22.95 23.60 24.00 22.00 0.113 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
29 Fri Apr 2022 23.60 23.00 28.80 21.70 1.108 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 17, 26, 20 Sell
MACD -0, -1Buy
Stochastics 71Buy
CCI 112Buy
RSI 56Buy
OBV 15106Sell
VWAP 22Buy
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 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 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 losing momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 22.04 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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