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)

10 day averaged volume of Sh Steel is 3703

Date Daily Closing Price Open High Low Volume
06 Tue Dec 2022 27.05 26.00 28.40 26.00 0.39 times
05 Mon Dec 2022 26.60 26.90 28.00 26.50 0.208 times
02 Fri Dec 2022 27.90 28.00 28.00 27.90 0.542 times
01 Thu Dec 2022 27.45 27.15 28.00 27.10 1.243 times
30 Wed Nov 2022 28.15 27.85 28.50 26.35 1.309 times
29 Tue Nov 2022 26.95 28.20 28.20 26.60 0.367 times
28 Mon Nov 2022 27.00 27.60 28.25 26.85 0.671 times
25 Fri Nov 2022 26.80 26.30 27.40 25.60 2.331 times
24 Thu Nov 2022 27.10 27.90 27.90 25.65 2.364 times
23 Wed Nov 2022 26.80 29.50 29.50 24.10 0.278 times

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 26.7 as stoploss in an intra day buy trade for a target of 27.59. However, stock will show a bearish move below 26.7.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.10
Downside Target 21.65
Downside Target 22.25
Downside Target 23.05
Downside Target 24.10
Downside Target 25.00
Downside Target 25.50
Upside Target 28.40
Upside Target 28.50
Upside Target 28.90
Upside Target 29.75
Upside Target 29.90
Upside Target 33.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 25.9
Downside Intraday Target 24.75
Upside Intraday Target 28.3
Upside Intraday Target 29.55
Upside Intraday Target 27.15

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
06 Tue Dec 2022 27.05 26.90 28.40 26.00 0.145 times
02 Fri Dec 2022 27.90 27.60 28.50 26.35 0.518 times
25 Fri Nov 2022 26.80 29.90 29.90 24.10 0.952 times
18 Fri Nov 2022 28.00 29.75 29.75 25.60 0.153 times
11 Fri Nov 2022 28.10 25.45 33.00 25.00 18.313 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
06 Tue Dec 2022 27.05 27.15 28.40 26.00 0.031 times
30 Wed Nov 2022 28.15 24.10 33.00 23.05 14.169 times
31 Mon Oct 2022 23.80 24.25 25.50 20.10 0.204 times
30 Fri Sep 2022 23.20 23.80 28.90 22.25 4.289 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, 21, 26 Sell
MACD 1, 1Sell
Stochastics 55None
CCI -14Buy
RSI 50Buy
OBV 111729Sell
VWAP 27Sell
ADL 0Sell
ROC -1Sell
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 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 to mid 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 mid to longer 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.

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 SELL signal for Sh Steel in short term but the sell 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL 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 27.23 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 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

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme