(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, -0 | Buy |
| Stochastics | 51 | None |
| CCI | 18 | Sell |
| RSI | 42 | Sell |
| OBV | 2377 | Sell |
| VWAP | 24 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
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