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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 2022-04-21 View latest technical analysis

10 day averaged volume of Sh Steel is 4382

Date Daily Closing Price Open High Low Volume
21 Thu Apr 2022 25.10 24.10 25.90 24.10 0.52 times
20 Wed Apr 2022 24.55 24.05 25.95 23.65 0.26 times
19 Tue Apr 2022 25.40 25.40 25.85 24.00 0.248 times
18 Mon Apr 2022 25.40 25.45 25.90 24.05 0.407 times
13 Wed Apr 2022 24.95 24.95 25.55 24.90 0.193 times
12 Tue Apr 2022 24.95 24.75 27.20 24.60 0.831 times
11 Mon Apr 2022 26.00 26.75 27.75 24.45 0.654 times
08 Fri Apr 2022 26.20 28.50 28.50 24.00 0.806 times
07 Thu Apr 2022 26.15 27.35 27.55 24.75 0.788 times
06 Wed Apr 2022 26.80 26.50 27.85 26.00 0.907 times

My analysis of stock is bullish for shortterm, and stock might move up till 26 or till 27.5. Use a stoploss of 24.72 and if this stock hits its stoploss, then it can fall down till 23.46

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 21.05
Downside Target 22.05
Downside Target 22.50
Downside Target 23.50
Upside Target 25.75
Upside Target 26.70
Upside Target 27.75
Upside Target 27.90
Upside Target 28.80
Upside Target 29.95
Upside Target 34.90

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 23.85
Downside Intraday Target 22.6
Upside Intraday Target 26.15
Upside Intraday Target 27.2
Downside Intraday Target 24.9

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
21 Thu Apr 2022 25.10 25.45 25.95 23.65 0.855 times
13 Wed Apr 2022 24.95 26.75 27.75 24.45 0.206 times
08 Fri Apr 2022 26.20 24.60 28.80 23.50 2.648 times
01 Fri Apr 2022 23.20 24.70 24.70 22.50 0.909 times
25 Fri Mar 2022 24.50 25.60 26.70 22.05 0.709 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
21 Thu Apr 2022 25.10 23.00 28.80 22.50 0.729 times
31 Thu Mar 2022 23.10 23.55 27.90 22.05 1.391 times
28 Mon Feb 2022 24.40 27.50 29.95 22.50 0.229 times
31 Mon Jan 2022 27.55 25.00 34.90 24.05 4.747 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, 10, 13 Buy
MACD 0, 0Buy
Stochastics 29Sell
CCI -64Buy
RSI 51Buy
OBV 15505Sell
VWAP 26Sell
ADL 0Sell
ROC -5Sell
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 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 to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 gaining momentum.

MACD generated a BUY signal for Sh Steel in short term and the buy 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 25.77 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.

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Daily charts

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Daily chart

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