(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 2022-12-06 View latest technical analysis
10 day averaged volume of Sh Steel is 3703
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Dec 2022 | 27.05 | 26.00 | 28.40 | 26.00 | 0.39 times |
| 05 Mon Dec 2022 | 26.60 | 26.90 | 28.00 | 26.50 | 0.208 times |
| 02 Fri Dec 2022 | 27.90 | 28.00 | 28.00 | 27.90 | 0.542 times |
| 01 Thu Dec 2022 | 27.45 | 27.15 | 28.00 | 27.10 | 1.243 times |
| 30 Wed Nov 2022 | 28.15 | 27.85 | 28.50 | 26.35 | 1.309 times |
| 29 Tue Nov 2022 | 26.95 | 28.20 | 28.20 | 26.60 | 0.367 times |
| 28 Mon Nov 2022 | 27.00 | 27.60 | 28.25 | 26.85 | 0.671 times |
| 25 Fri Nov 2022 | 26.80 | 26.30 | 27.40 | 25.60 | 2.331 times |
| 24 Thu Nov 2022 | 27.10 | 27.90 | 27.90 | 25.65 | 2.364 times |
| 23 Wed Nov 2022 | 26.80 | 29.50 | 29.50 | 24.10 | 0.278 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26.7 as stoploss in an intra day buy trade for a target of 27.59. However, stock will show a bearish move below 26.7.
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 | 25.50 |
| Upside Target | 28.40 |
| 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 | 25.9 |
| Downside Intraday Target | 24.75 |
| Upside Intraday Target | 28.3 |
| Upside Intraday Target | 29.55 |
| Upside Intraday Target | 27.15 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Dec 2022 | 27.05 | 26.90 | 28.40 | 26.00 | 0.145 times |
| 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 |
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 |
| 06 Tue Dec 2022 | 27.05 | 27.15 | 28.40 | 26.00 | 0.031 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 | 13, 21, 26 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 55 | None |
| CCI | -14 | Buy |
| RSI | 50 | Buy |
| OBV | 111729 | Sell |
| VWAP | 27 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 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 to mid 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 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 SELL. Signal strength is Strong 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 tired and bears are picking up momentum.
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 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 27.23 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 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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