(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 2022-12-02 View latest technical analysis
10 day averaged volume of Sh Steel is 4459
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Dec 2022 | 27.90 | 28.00 | 28.00 | 27.90 | 0.45 times |
| 01 Thu Dec 2022 | 27.45 | 27.15 | 28.00 | 27.10 | 1.032 times |
| 30 Wed Nov 2022 | 28.15 | 27.85 | 28.50 | 26.35 | 1.087 times |
| 29 Tue Nov 2022 | 26.95 | 28.20 | 28.20 | 26.60 | 0.305 times |
| 28 Mon Nov 2022 | 27.00 | 27.60 | 28.25 | 26.85 | 0.558 times |
| 25 Fri Nov 2022 | 26.80 | 26.30 | 27.40 | 25.60 | 1.935 times |
| 24 Thu Nov 2022 | 27.10 | 27.90 | 27.90 | 25.65 | 1.963 times |
| 23 Wed Nov 2022 | 26.80 | 29.50 | 29.50 | 24.10 | 0.231 times |
| 22 Tue Nov 2022 | 27.45 | 29.30 | 29.30 | 26.70 | 0.571 times |
| 21 Mon Nov 2022 | 26.55 | 29.90 | 29.90 | 26.45 | 1.919 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28.6 or till 30.2. Use a stoploss of 27.37 and if this stock hits its stoploss, then it can fall down till 26.09
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 | 26.67 |
| Downside Intraday Target | 25.43 |
| Upside Intraday Target | 28.82 |
| Upside Intraday Target | 29.73 |
| Downside Intraday Target | 27.58 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Dec 2022 | 27.90 | 27.60 | 28.50 | 26.35 | 0.518 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 |
| 02 Fri Dec 2022 | 27.90 | 27.15 | 28.00 | 27.10 | 0.023 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 | 15, 15, 0 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 64 | None |
| CCI | 106 | Buy |
| RSI | 54 | Buy |
| OBV | 105779 | Sell |
| VWAP | 27 | Buy |
| ADL | 0 | Sell |
| ROC | -0 | 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 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 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 SELL. 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 in or below 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 but buying is losing 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 27.13 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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