Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

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

(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 2021-12-28 View latest technical analysis

10 day averaged volume of Sh Steel is 2476

Date Daily Closing Price Open High Low Volume
28 Tue Dec 2021 24.10 24.50 24.60 23.50 0.37 times
27 Mon Dec 2021 24.55 23.55 24.70 23.30 1.19 times
24 Fri Dec 2021 24.00 23.90 24.55 23.35 0.248 times
23 Thu Dec 2021 23.40 24.40 24.80 23.40 0.845 times
22 Wed Dec 2021 24.40 25.30 25.30 23.20 0.831 times
21 Tue Dec 2021 24.20 24.95 25.25 22.95 0.419 times
20 Mon Dec 2021 23.35 24.00 24.00 23.10 1.003 times
17 Fri Dec 2021 23.00 23.55 24.40 22.95 1.817 times
16 Thu Dec 2021 24.80 24.00 25.00 23.40 0.454 times
15 Wed Dec 2021 24.00 23.80 24.95 23.50 0.863 times

My analysis of stock is bullish for shortterm, and stock might move up till 24.7 or till 25.4. Use a stoploss of 24.06 and if this stock hits its stoploss, then it can fall down till 23.43

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 21.05
Downside Target 22.00
Downside Target 22.95
Upside Target 24.60
Upside Target 25.30
Upside Target 25.60
Upside Target 25.75
Upside Target 27.65
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 23.37
Downside Intraday Target 22.63
Upside Intraday Target 24.77
Upside Intraday Target 25.43
Downside Intraday Target 24.03

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
28 Tue Dec 2021 24.10 23.55 24.70 23.30 0.466 times
24 Fri Dec 2021 24.00 24.00 25.30 22.95 0.551 times
17 Fri Dec 2021 23.00 25.05 25.60 22.95 3.186 times
10 Fri Dec 2021 24.80 23.35 25.75 23.00 0.822 times
03 Fri Dec 2021 23.50 23.05 24.60 21.05 0.725 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
28 Tue Dec 2021 24.10 23.00 25.75 21.05 0.557 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 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 11, 8, 16 Buy
MACD -0, -0Buy
Stochastics 51None
CCI 18Sell
RSI 42Sell
OBV 2377Sell
VWAP 24Buy
ADL 0Sell
ROC -2Sell
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 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 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 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 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 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 stronger in this stock.

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 but SELL 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 23.81 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.

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

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme