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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 2022-04-27 View latest technical analysis

10 day averaged volume of Sh Steel is 2168

Date Daily Closing Price Open High Low Volume
27 Wed Apr 2022 24.10 25.45 25.45 23.55 3.568 times
26 Tue Apr 2022 24.40 25.00 25.50 24.10 2.993 times
25 Mon Apr 2022 24.20 25.55 26.00 24.05 0.651 times
22 Fri Apr 2022 24.15 25.15 25.15 24.00 0.061 times
21 Thu Apr 2022 25.10 24.10 25.90 24.10 1.051 times
20 Wed Apr 2022 24.55 24.05 25.95 23.65 0.525 times
19 Tue Apr 2022 25.40 25.40 25.85 24.00 0.502 times
18 Mon Apr 2022 25.40 25.45 25.90 24.05 0.823 times
13 Wed Apr 2022 24.95 24.95 25.55 24.90 0.391 times
12 Tue Apr 2022 24.95 24.75 27.20 24.60 1.68 times

Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.

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 23.7 as stoploss in an intra day buy trade for a target of 24.85. However, stock will show a bearish move below 23.7.

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 26.00
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 23.1
Downside Intraday Target 22.1
Upside Intraday Target 25.55
Upside Intraday Target 27
Upside Intraday Target 24.55

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
27 Wed Apr 2022 24.10 25.55 26.00 23.55 2.435 times
22 Fri Apr 2022 24.15 25.45 25.95 23.65 0.873 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

Price has moved down 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
27 Wed Apr 2022 24.10 23.00 28.80 22.50 0.956 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, 11, 10 Buy
MACD -0, -0Sell
Stochastics 15Sell
CCI -115Sell
RSI 47Sell
OBV 16545Sell
VWAP 25Sell
ADL 0Sell
ROC -7Sell
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 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 weakening, and bulls are picking up momentum!

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 but selling 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 24.57 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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