(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 2022-05-06 View latest technical analysis
10 day averaged volume of Sh Steel is 4041
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Fri May 2022 | 24.50 | 23.20 | 24.75 | 23.05 | 0.567 times |
| 05 Thu May 2022 | 23.90 | 26.00 | 26.00 | 23.15 | 0.961 times |
| 04 Wed May 2022 | 24.80 | 23.65 | 25.00 | 23.65 | 0.249 times |
| 02 Mon May 2022 | 23.65 | 24.40 | 24.80 | 23.25 | 1.713 times |
| 29 Fri Apr 2022 | 23.60 | 24.00 | 24.00 | 22.70 | 0.079 times |
| 28 Thu Apr 2022 | 22.75 | 24.10 | 24.85 | 21.70 | 2.533 times |
| 27 Wed Apr 2022 | 24.10 | 25.45 | 25.45 | 23.55 | 1.914 times |
| 26 Tue Apr 2022 | 24.40 | 25.00 | 25.50 | 24.10 | 1.606 times |
| 25 Mon Apr 2022 | 24.20 | 25.55 | 26.00 | 24.05 | 0.349 times |
| 22 Fri Apr 2022 | 24.15 | 25.15 | 25.15 | 24.00 | 0.033 times |
My analysis of stock is bearish for shortterm, and stock might move down till 23.8 or till 22.6. Use a stoploss of 24.78 and if the stock hits stoploss, then it can shoot up till 25.77
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 21.70 |
| Downside Target | 22.50 |
| Downside Target | 23.05 |
| 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 | 23.03 |
| Downside Intraday Target | 21.57 |
| Upside Intraday Target | 25.98 |
| Upside Intraday Target | 27.47 |
| Upside Intraday Target | 24.52 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Fri May 2022 | 24.50 | 24.40 | 26.00 | 23.05 | 0.538 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 |
| 06 Fri May 2022 | 24.50 | 24.40 | 26.00 | 23.05 | 0.183 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 | 15, 12, 13 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 63 | None |
| CCI | -9 | Sell |
| RSI | 45 | Sell |
| OBV | 18420 | Sell |
| VWAP | 24 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 BUY signal for Sh Steel in short term but the buy 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 red color and prices are below the red cloud Prices appear to be moving up
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 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 23.75 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.
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