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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 12725

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 36.81 35.60 38.95 35.60 0.138 times
26 Tue Mar 2024 38.00 39.70 39.70 37.01 0.535 times
22 Fri Mar 2024 38.00 38.00 38.25 37.50 0.072 times
21 Thu Mar 2024 37.70 36.50 38.00 36.50 0.113 times
20 Wed Mar 2024 36.27 37.00 37.05 36.19 0.107 times
19 Tue Mar 2024 36.55 39.79 39.79 36.50 0.13 times
18 Mon Mar 2024 36.73 37.95 39.97 36.10 0.701 times
15 Fri Mar 2024 36.52 38.68 38.68 35.66 0.492 times
14 Thu Mar 2024 37.71 38.17 39.94 34.26 0.697 times
13 Wed Mar 2024 38.16 44.00 47.99 37.50 3.093 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 36.6 as stoploss in an intra day buy trade for a target of 37.99. However, stock will show a bearish move below 36.6.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 32.10
Downside Target 32.81
Downside Target 34.26
Downside Target 35.60
Upside Target 39.00
Upside Target 40.70
Upside Target 41.00
Upside Target 43.20
Upside Target 47.70
Upside Target 47.99
Upside Target 48.04

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 35.04
Downside Intraday Target 33.27
Upside Intraday Target 39.14
Upside Intraday Target 41.47
Upside Intraday Target 37.37

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 36.81 39.70 39.70 35.60 0.599 times
22 Fri Mar 2024 38.00 37.95 39.97 36.10 0.134 times
15 Fri Mar 2024 36.52 38.80 47.99 34.26 14.362 times
07 Thu Mar 2024 38.00 40.20 40.70 37.05 0.885 times
01 Fri Mar 2024 38.83 39.00 41.00 37.50 0.577 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
27 Wed Mar 2024 36.81 39.70 47.99 34.26 1.293 times
29 Thu Feb 2024 38.11 41.00 43.20 37.30 0.392 times
31 Wed Jan 2024 39.50 37.40 47.70 36.45 0.527 times
29 Fri Dec 2023 36.90 35.05 48.04 32.81 7.586 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)

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 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 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 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 SELL signal for Sh Steel in short term and the sell signal is strong.

Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 37.69 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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 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 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 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 SELL signal for Sh Steel in short term and the sell signal is strong.

Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 37.69 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 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

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Daily chart
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