(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 2022-12-01 View latest technical analysis
10 day averaged volume of Sh Steel is 4728
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Dec 2022 | 27.45 | 27.15 | 28.00 | 27.10 | 0.973 times |
| 30 Wed Nov 2022 | 28.15 | 27.85 | 28.50 | 26.35 | 1.025 times |
| 29 Tue Nov 2022 | 26.95 | 28.20 | 28.20 | 26.60 | 0.287 times |
| 28 Mon Nov 2022 | 27.00 | 27.60 | 28.25 | 26.85 | 0.526 times |
| 25 Fri Nov 2022 | 26.80 | 26.30 | 27.40 | 25.60 | 1.825 times |
| 24 Thu Nov 2022 | 27.10 | 27.90 | 27.90 | 25.65 | 1.852 times |
| 23 Wed Nov 2022 | 26.80 | 29.50 | 29.50 | 24.10 | 0.218 times |
| 22 Tue Nov 2022 | 27.45 | 29.30 | 29.30 | 26.70 | 0.538 times |
| 21 Mon Nov 2022 | 26.55 | 29.90 | 29.90 | 26.45 | 1.81 times |
| 18 Fri Nov 2022 | 28.00 | 28.10 | 28.80 | 28.00 | 0.376 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28.6 or till 30.4. Use a stoploss of 27.19 and if this stock hits its stoploss, then it can fall down till 25.75
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 20.10 |
| Downside Target | 21.65 |
| Downside Target | 22.25 |
| Downside Target | 23.05 |
| Downside Target | 24.10 |
| Downside Target | 25.00 |
| Downside Target | 26.35 |
| Downside Target | 27.10 |
| Upside Target | 28.00 |
| 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 | 26.37 |
| Downside Intraday Target | 25.28 |
| Upside Intraday Target | 28.52 |
| Upside Intraday Target | 29.58 |
| Downside Intraday Target | 27.43 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Dec 2022 | 27.45 | 27.60 | 28.50 | 26.35 | 0.45 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 |
| 01 Thu Dec 2022 | 27.45 | 27.15 | 28.00 | 27.10 | 0.016 times |
| 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 |
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 | 16, 16, 1 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 59 | None |
| CCI | 23 | Sell |
| RSI | 55 | Buy |
| OBV | 100274 | Sell |
| VWAP | 27 | 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
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 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 gaining momentum.
MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.
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 in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Sh Steel in short term but SELL signal is weak.
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
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 27.13 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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