(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 2022-05-18 View latest technical analysis
10 day averaged volume of Sh Steel is 2109
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed May 2022 | 23.40 | 22.20 | 24.00 | 22.00 | 0.815 times |
| 17 Tue May 2022 | 22.45 | 22.45 | 23.90 | 22.30 | 0.791 times |
| 16 Mon May 2022 | 22.45 | 23.60 | 24.95 | 21.65 | 0.855 times |
| 13 Fri May 2022 | 23.00 | 22.10 | 23.25 | 21.50 | 0.572 times |
| 12 Thu May 2022 | 21.40 | 21.60 | 21.70 | 21.00 | 0.7 times |
| 11 Wed May 2022 | 22.15 | 23.25 | 23.25 | 22.00 | 1.815 times |
| 10 Tue May 2022 | 23.55 | 23.40 | 24.75 | 23.40 | 1.098 times |
| 09 Mon May 2022 | 23.55 | 25.00 | 25.00 | 23.20 | 0.763 times |
| 06 Fri May 2022 | 24.50 | 23.20 | 24.75 | 23.05 | 1.086 times |
| 05 Thu May 2022 | 23.90 | 26.00 | 26.00 | 23.15 | 1.841 times |
My analysis of stock is bearish for shortterm, and stock might move down till 22.6 or till 21.5. Use a stoploss of 23.58 and if the stock hits stoploss, then it can shoot up till 24.52
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 21.00 |
| Downside Target | 21.65 |
| Downside Target | 22.50 |
| Downside 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 | 21.72 |
| Downside Intraday Target | 20.03 |
| Upside Intraday Target | 25.02 |
| Upside Intraday Target | 26.63 |
| Downside Intraday Target | 23.33 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed May 2022 | 23.40 | 23.60 | 24.95 | 21.65 | 0.497 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 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 |
| 18 Wed May 2022 | 23.40 | 24.40 | 26.00 | 21.00 | 0.387 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 | 21, 15, 16 | Buy |
| MACD | -1, -1 | Sell |
| Stochastics | 35 | None |
| CCI | -4 | Buy |
| RSI | 48 | Sell |
| OBV | -8202 | Sell |
| VWAP | 23 | Buy |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
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 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 to mid 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 mid to longer term time period is
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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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
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 23.1 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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