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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 2022-11-22 View latest technical analysis

10 day averaged volume of Sh Steel is 24269

Date Daily Closing Price Open High Low Volume
22 Tue Nov 2022 27.45 29.30 29.30 26.70 0.105 times
21 Mon Nov 2022 26.55 29.90 29.90 26.45 0.353 times
18 Fri Nov 2022 28.00 28.10 28.80 28.00 0.073 times
17 Thu Nov 2022 29.10 28.00 29.50 27.30 0.3 times
16 Wed Nov 2022 28.00 29.50 29.50 27.05 0.284 times
15 Tue Nov 2022 27.55 27.50 28.15 25.60 0.437 times
14 Mon Nov 2022 26.70 29.75 29.75 26.65 0.183 times
11 Fri Nov 2022 28.10 28.70 28.70 25.20 1.053 times
10 Thu Nov 2022 28.00 33.00 33.00 27.60 2.206 times
09 Wed Nov 2022 30.45 28.30 30.45 28.30 4.743 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 28.2 as stoploss in an intra day sell trade for a target of 26.24. However, stock will show a bullish move above 28.2.

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 25.97
Downside Intraday Target 24.48
Upside Intraday Target 29.42
Upside Intraday Target 31.38
Upside Intraday Target 27.93

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
22 Tue Nov 2022 27.45 29.90 29.90 26.45 0.358 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
22 Tue Nov 2022 27.45 24.10 33.00 23.05 12.806 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 24, 16, 20 Buy
MACD 2, 2Buy
Stochastics 31None
CCI -37Buy
RSI 53Buy
OBV 100658Sell
VWAP 29Sell
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 moving up

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 29.14 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

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Daily chart

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