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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 2022-05-09 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, -0Sell
Stochastics 53None
CCI -30Sell
RSI 45Sell
OBV -4687Sell
VWAP 24Sell
ADL 0Sell
ROC -2Sell
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 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.

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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