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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 2022-05-05 View latest technical analysis

10 day averaged volume of Sh Steel is 3766

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 23.90 26.00 26.00 23.15 1.031 times
04 Wed May 2022 24.80 23.65 25.00 23.65 0.267 times
02 Mon May 2022 23.65 24.40 24.80 23.25 1.838 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 2.717 times
27 Wed Apr 2022 24.10 25.45 25.45 23.55 2.054 times
26 Tue Apr 2022 24.40 25.00 25.50 24.10 1.723 times
25 Mon Apr 2022 24.20 25.55 26.00 24.05 0.375 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 0.605 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 23.8 as stoploss in an intra day buy trade for a target of 24.88. However, stock will show a bearish move below 23.8.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 21.70
Downside Target 22.50
Downside Target 23.15
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 22.7
Downside Intraday Target 21.5
Upside Intraday Target 25.55
Upside Intraday Target 27.2
Upside Intraday Target 24.35

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 23.90 24.40 26.00 23.15 0.451 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
05 Thu May 2022 23.90 24.40 26.00 23.15 0.154 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 16, 12, 15 Buy
MACD -1, -0Sell
Stochastics 56None
CCI 14Sell
RSI 45Sell
OBV 19374Sell
VWAP 24Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 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 gaining momentum.

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

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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 23.78 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 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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