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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 2021-12-31 View latest technical analysis

10 day averaged volume of Sh Steel is 2528

Date Daily Closing Price Open High Low Volume
31 Fri Dec 2021 24.40 24.05 25.00 24.00 1.213 times
30 Thu Dec 2021 24.55 23.55 25.35 23.40 2.798 times
29 Wed Dec 2021 23.95 24.45 24.45 23.40 0.617 times
28 Tue Dec 2021 24.10 24.50 24.60 23.50 0.362 times
27 Mon Dec 2021 24.55 23.55 24.70 23.30 1.166 times
24 Fri Dec 2021 24.00 23.90 24.55 23.35 0.243 times
23 Thu Dec 2021 23.40 24.40 24.80 23.40 0.827 times
22 Wed Dec 2021 24.40 25.30 25.30 23.20 0.814 times
21 Tue Dec 2021 24.20 24.95 25.25 22.95 0.41 times
20 Mon Dec 2021 23.35 24.00 24.00 23.10 0.983 times

My analysis of stock is bullish for shortterm, and stock might move up till 24.8 or till 25.5. Use a stoploss of 24.18 and if this stock hits its stoploss, then it can fall down till 23.6

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 23.35
Downside Intraday Target 22.3
Upside Intraday Target 25.4
Upside Intraday Target 26.4
Downside Intraday Target 24.35

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
31 Fri Dec 2021 24.40 23.55 25.35 23.30 1.879 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, 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
31 Fri Dec 2021 24.40 23.00 25.75 21.05 0.747 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 13, 7, 31 Buy
MACD -0, -0Buy
Stochastics 57None
CCI 116Buy
RSI 46Sell
OBV 1423Sell
VWAP 24Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is

ADX buy sell signal for Sh Steel stock for short term is BUY. 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 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 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 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 24.21 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.

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Daily charts

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Daily chart

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