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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 2022-05-16 View latest technical analysis

10 day averaged volume of Sh Steel is 2485

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 22.45 23.60 24.95 21.65 0.726 times
13 Fri May 2022 23.00 22.10 23.25 21.50 0.485 times
12 Thu May 2022 21.40 21.60 21.70 21.00 0.594 times
11 Wed May 2022 22.15 23.25 23.25 22.00 1.54 times
10 Tue May 2022 23.55 23.40 24.75 23.40 0.932 times
09 Mon May 2022 23.55 25.00 25.00 23.20 0.648 times
06 Fri May 2022 24.50 23.20 24.75 23.05 0.922 times
05 Thu May 2022 23.90 26.00 26.00 23.15 1.562 times
04 Wed May 2022 24.80 23.65 25.00 23.65 0.404 times
02 Mon May 2022 23.65 24.40 24.80 23.25 2.786 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.8, but if it comes above 22.8, then a intra day buy could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 21.5 as target. However if you take a buy trade in stock , then use 22.8 as stoploss and 23.83 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 21.00
Downside Target 21.65
Upside Target 22.50
Upside Target 23.05
Upside Target 23.65
Upside Target 24.95
Upside Target 25.95
Upside Target 26.00
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 21.08
Downside Intraday Target 19.72
Upside Intraday Target 24.38
Upside Intraday Target 26.32
Upside Intraday Target 23.02

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 22.45 23.60 24.95 21.65 0.173 times
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

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
16 Mon May 2022 22.45 24.40 26.00 21.00 0.343 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 25, 16, 21 Buy
MACD -1, -1Sell
Stochastics 26Sell
CCI -31Buy
RSI 47Sell
OBV -8136Sell
VWAP 23Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

Although the stock is in the SELL zone, but selling 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 23.33 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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