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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 2022-11-30 View latest technical analysis

10 day averaged volume of Sh Steel is 4932

Date Daily Closing Price Open High Low Volume
30 Wed Nov 2022 28.15 27.85 28.50 26.35 0.983 times
29 Tue Nov 2022 26.95 28.20 28.20 26.60 0.276 times
28 Mon Nov 2022 27.00 27.60 28.25 26.85 0.504 times
25 Fri Nov 2022 26.80 26.30 27.40 25.60 1.75 times
24 Thu Nov 2022 27.10 27.90 27.90 25.65 1.775 times
23 Wed Nov 2022 26.80 29.50 29.50 24.10 0.209 times
22 Tue Nov 2022 27.45 29.30 29.30 26.70 0.516 times
21 Mon Nov 2022 26.55 29.90 29.90 26.45 1.735 times
18 Fri Nov 2022 28.00 28.10 28.80 28.00 0.361 times
17 Thu Nov 2022 29.10 28.00 29.50 27.30 1.478 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 28.6 as stoploss in an intra day sell trade for a target of 27.04. However, stock will show a bullish move above 28.6.

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 24.10
Downside Target 25.00
Downside Target 26.35
Upside Target 28.50
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 26.83
Downside Intraday Target 25.52
Upside Intraday Target 28.98
Upside Intraday Target 29.82
Downside Intraday Target 27.67

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
30 Wed Nov 2022 28.15 27.60 28.50 26.35 0.294 times
25 Fri Nov 2022 26.80 29.90 29.90 24.10 0.952 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

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
30 Wed Nov 2022 28.15 24.10 33.00 23.05 14.169 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 17, 16, 1 Buy
MACD 1, 1Sell
Stochastics 56None
CCI 23Buy
RSI 55Buy
OBV 105450Sell
VWAP 27Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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.

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 but the sell signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 27.4 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 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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