Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2022-05-13 View latest technical analysis

10 day averaged volume of Sh Steel is 3388

Date Daily Closing Price Open High Low Volume
13 Fri May 2022 23.00 22.10 23.25 21.50 0.356 times
12 Thu May 2022 21.40 21.60 21.70 21.00 0.436 times
11 Wed May 2022 22.15 23.25 23.25 22.00 1.13 times
10 Tue May 2022 23.55 23.40 24.75 23.40 0.684 times
09 Mon May 2022 23.55 25.00 25.00 23.20 0.475 times
06 Fri May 2022 24.50 23.20 24.75 23.05 0.676 times
05 Thu May 2022 23.90 26.00 26.00 23.15 1.146 times
04 Wed May 2022 24.80 23.65 25.00 23.65 0.297 times
02 Mon May 2022 23.65 24.40 24.80 23.25 2.043 times
29 Fri Apr 2022 23.60 24.00 24.00 22.70 0.094 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 22.9 as stoploss in an intra day buy trade for a target of 23.96. However, stock will show a bearish move below 22.9.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 21.00
Downside Target 21.70
Downside Target 22.50
Upside Target 23.05
Upside Target 23.65
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 21
Downside Intraday Target 19
Upside Intraday Target 25
Upside Intraday Target 27
Downside Intraday Target 23

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
13 Fri May 2022 23.00 25.00 25.00 21.00 0.74 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
13 Fri May 2022 23.00 24.40 26.00 21.00 0.319 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 19, 19, 0 Sell
MACD -1, -1Sell
Stochastics 19Sell
CCI -73Buy
RSI 47Sell
OBV -9974Sell
VWAP 23Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 23.4 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme