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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 2022-05-04 View latest technical analysis

10 day averaged volume of Sh Steel is 3775

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 24.80 23.65 25.00 23.65 0.266 times
02 Mon May 2022 23.65 24.40 24.80 23.25 1.834 times
29 Fri Apr 2022 23.60 24.00 24.00 22.70 0.084 times
28 Thu Apr 2022 22.75 24.10 24.85 21.70 2.711 times
27 Wed Apr 2022 24.10 25.45 25.45 23.55 2.049 times
26 Tue Apr 2022 24.40 25.00 25.50 24.10 1.719 times
25 Mon Apr 2022 24.20 25.55 26.00 24.05 0.374 times
22 Fri Apr 2022 24.15 25.15 25.15 24.00 0.035 times
21 Thu Apr 2022 25.10 24.10 25.90 24.10 0.604 times
20 Wed Apr 2022 24.55 24.05 25.95 23.65 0.301 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.9 or till 22.7. Use a stoploss of 24.95 and if the stock hits stoploss, then it can shoot up till 25.98

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 21.70
Downside Target 22.50
Downside Target 23.25
Upside Target 25.00
Upside Target 25.95
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 23.7
Downside Intraday Target 22.6
Upside Intraday Target 25.45
Upside Intraday Target 26.1
Downside Intraday Target 24.35

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 24.80 24.40 25.00 23.25 0.303 times
29 Fri Apr 2022 23.60 25.55 26.00 21.70 4.078 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

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
04 Wed May 2022 24.80 24.40 25.00 23.25 0.103 times
29 Fri Apr 2022 23.60 23.00 28.80 21.70 1.108 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

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 14, 14, 2 Sell
MACD -1, -0Sell
Stochastics 54None
CCI 27Buy
RSI 46Sell
OBV 24476Sell
VWAP 24Buy
ADL 0Sell
ROC -2Sell
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 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 SELL. 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.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 23.79 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 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

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Daily charts

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