(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 2022-05-19 View latest technical analysis
10 day averaged volume of Sh Steel is 2180
|Date||Daily Closing Price||Open||High||Low||Volume|
|19 Thu May 2022||21.80||22.05||23.45||20.50||1.008 times|
|18 Wed May 2022||23.40||22.20||24.00||22.00||0.789 times|
|17 Tue May 2022||22.45||22.45||23.90||22.30||0.765 times|
|16 Mon May 2022||22.45||23.60||24.95||21.65||0.828 times|
|13 Fri May 2022||23.00||22.10||23.25||21.50||0.553 times|
|12 Thu May 2022||21.40||21.60||21.70||21.00||0.677 times|
|11 Wed May 2022||22.15||23.25||23.25||22.00||1.756 times|
|10 Tue May 2022||23.55||23.40||24.75||23.40||1.062 times|
|09 Mon May 2022||23.55||25.00||25.00||23.20||0.739 times|
|06 Fri May 2022||24.50||23.20||24.75||23.05||1.05 times|
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.5, but if it comes above 22.5, then a intra day buy could be more profitable.
If you take a sell trade below 22.5, then use 22.5 as stoploss and 21.3 as target. However if you take a buy trade in stock , then use 22.5 as stoploss and 23.45 as target.
Share price targets for Sh Steel (ShSteel)
Intraday share price targets for Sh Steel (ShSteel)
|Downside Intraday Target||19.88|
|Downside Intraday Target||17.97|
|Upside Intraday Target||24.33|
|Upside Intraday Target||26.87|
|Upside Intraday Target||22.42|
Weekly technical analysis of Sh Steel (ShSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|19 Thu May 2022||21.80||23.60||24.95||20.50||0.708 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|
|19 Thu May 2022||21.80||24.40||26.00||20.50||0.415 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||18, 20, 6||Sell|
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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.
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 getting stronger in this stock.
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 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 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 22.81 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.