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 4073

Date Daily Closing Price Open High Low Volume
08 Thu Dec 2022 27.95 27.00 28.90 26.55 0.619 times
07 Wed Dec 2022 27.95 29.00 29.00 26.10 1.431 times
06 Tue Dec 2022 27.05 26.00 28.40 26.00 0.355 times
05 Mon Dec 2022 26.60 26.90 28.00 26.50 0.189 times
02 Fri Dec 2022 27.90 28.00 28.00 27.90 0.493 times
01 Thu Dec 2022 27.45 27.15 28.00 27.10 1.13 times
30 Wed Nov 2022 28.15 27.85 28.50 26.35 1.19 times
29 Tue Nov 2022 26.95 28.20 28.20 26.60 0.334 times
28 Mon Nov 2022 27.00 27.60 28.25 26.85 0.61 times
25 Fri Nov 2022 26.80 26.30 27.40 25.60 2.119 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 28.1 as stoploss in an intra day sell trade for a target of 27.46. However, stock will show a bullish move above 28.1.

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 28.50
Upside Target 29.00
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 26.3
Downside Intraday Target 24.65
Upside Intraday Target 29.3
Upside Intraday Target 30.65
Downside Intraday Target 27.65

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
08 Thu Dec 2022 27.95 26.90 29.00 26.00 0.691 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 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
08 Thu Dec 2022 27.95 27.15 29.00 26.00 0.061 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 12, 17, 16 Sell
MACD 1, 1Sell
Stochastics 64None
CCI 83Buy
RSI 51Buy
OBV -6475Sell
VWAP 27Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term but the sell 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 green color and prices are above the green 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 BUY signal in short term but buying 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 27.45 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.

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