(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 2022-05-09 View latest technical analysis
10 day averaged volume of Sh Steel is 4042
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon May 2022 | 23.55 | 25.00 | 25.00 | 23.20 | 0.398 times |
| 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 | 0.96 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 | 2.532 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 | 1.605 times |
| 25 Mon Apr 2022 | 24.20 | 25.55 | 26.00 | 24.05 | 0.349 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.7, but if it comes above 23.7, then a intra day buy could be more profitable.
If you take a sell trade below 23.7, then use 23.7 as stoploss and 22.6 as target. However if you take a buy trade in stock , then use 23.7 as stoploss and 24.62 as target.
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 21.70 |
| Downside Target | 22.50 |
| Downside Target | 23.05 |
| Upside Target | 25.00 |
| 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 | 22.83 |
| Downside Intraday Target | 22.12 |
| Upside Intraday Target | 24.63 |
| Upside Intraday Target | 25.72 |
| Upside Intraday Target | 23.92 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon May 2022 | 23.55 | 25.00 | 25.00 | 23.20 | 0.114 times |
| 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 |
Price has moved down 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 |
| 09 Mon May 2022 | 23.55 | 24.40 | 26.00 | 23.05 | 0.204 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 down 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, 11, 15 | Buy |
| MACD | -1, -0 | Sell |
| Stochastics | 53 | None |
| CCI | -30 | Sell |
| RSI | 45 | Sell |
| OBV | -4687 | Sell |
| VWAP | 24 | Sell |
| 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 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 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 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 tired and bears 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 23.74 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.
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