(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 2022-11-21 View latest technical analysis
10 day averaged volume of Sh Steel is 23458
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Mon Nov 2022 | 26.55 | 29.90 | 29.90 | 26.45 | 0.365 times |
| 18 Fri Nov 2022 | 28.00 | 28.10 | 28.80 | 28.00 | 0.076 times |
| 17 Thu Nov 2022 | 29.10 | 28.00 | 29.50 | 27.30 | 0.311 times |
| 16 Wed Nov 2022 | 28.00 | 29.50 | 29.50 | 27.05 | 0.294 times |
| 15 Tue Nov 2022 | 27.55 | 27.50 | 28.15 | 25.60 | 0.452 times |
| 14 Mon Nov 2022 | 26.70 | 29.75 | 29.75 | 26.65 | 0.19 times |
| 11 Fri Nov 2022 | 28.10 | 28.70 | 28.70 | 25.20 | 1.089 times |
| 10 Thu Nov 2022 | 28.00 | 33.00 | 33.00 | 27.60 | 2.282 times |
| 09 Wed Nov 2022 | 30.45 | 28.30 | 30.45 | 28.30 | 4.907 times |
| 07 Mon Nov 2022 | 25.40 | 25.45 | 26.00 | 25.00 | 0.38 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28 or till 30.4. Use a stoploss of 26.07 and if this stock hits its stoploss, then it can fall down till 24.1
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 20.10 |
| Downside Target | 21.60 |
| Downside Target | 22.25 |
| Downside Target | 23.05 |
| Downside Target | 24.45 |
| Downside Target | 25.00 |
| Downside Target | 25.60 |
| Downside Target | 26.45 |
| Upside Target | 28.90 |
| Upside Target | 29.75 |
| Upside Target | 29.90 |
| Upside Target | 33.00 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 25.37 |
| Downside Intraday Target | 24.18 |
| Upside Intraday Target | 28.82 |
| Upside Intraday Target | 31.08 |
| Upside Intraday Target | 27.63 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Mon Nov 2022 | 26.55 | 29.90 | 29.90 | 26.45 | 0.276 times |
| 18 Fri Nov 2022 | 28.00 | 29.75 | 29.75 | 25.60 | 0.153 times |
| 11 Fri Nov 2022 | 28.10 | 25.45 | 33.00 | 25.00 | 18.313 times |
| 04 Fri Nov 2022 | 24.00 | 25.40 | 25.40 | 23.05 | 3.197 times |
| 28 Fri Oct 2022 | 24.35 | 25.40 | 25.40 | 23.50 | 2.224 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 |
| 21 Mon Nov 2022 | 26.55 | 24.10 | 33.00 | 23.05 | 12.678 times |
| 31 Mon Oct 2022 | 23.80 | 24.25 | 25.50 | 20.10 | 0.204 times |
| 30 Fri Sep 2022 | 23.20 | 23.80 | 28.90 | 22.25 | 4.289 times |
| 30 Tue Aug 2022 | 22.80 | 24.00 | 24.45 | 21.65 | 0.602 times |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sh Steel (ShSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 27, 18, 20 | Buy |
| MACD | 2, 2 | Buy |
| Stochastics | 41 | None |
| CCI | -24 | Sell |
| RSI | 53 | Buy |
| OBV | 98113 | Sell |
| VWAP | 29 | Sell |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | 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
Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid 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 mid to longer 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.
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 BUY signal for Sh Steel in short term and the buy 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 green color and prices are in or below the green 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 BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 29.02 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 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.
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