(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 2023-01-16 View latest technical analysis
10 day averaged volume of Sh Steel is 1967
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.302 times |
| 13 Fri Jan 2023 | 28.25 | 28.50 | 28.50 | 28.00 | 0.302 times |
| 12 Thu Jan 2023 | 27.60 | 27.40 | 30.40 | 27.10 | 0.968 times |
| 11 Wed Jan 2023 | 28.05 | 28.50 | 32.00 | 26.75 | 0.748 times |
| 10 Tue Jan 2023 | 26.85 | 28.70 | 28.70 | 26.35 | 0.891 times |
| 09 Mon Jan 2023 | 27.45 | 27.00 | 27.50 | 26.10 | 0.235 times |
| 06 Fri Jan 2023 | 27.00 | 28.30 | 28.30 | 26.95 | 0.642 times |
| 05 Thu Jan 2023 | 27.00 | 27.00 | 28.00 | 27.00 | 0.225 times |
| 04 Wed Jan 2023 | 27.10 | 27.35 | 28.00 | 26.55 | 1.457 times |
| 03 Tue Jan 2023 | 28.40 | 27.95 | 31.40 | 26.35 | 2.963 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 as stoploss in an intra day sell trade for a target of 27.27. However, stock will show a bullish move above 28.
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 20.10 |
| Downside Target | 22.25 |
| Downside Target | 23.05 |
| Downside Target | 24.00 |
| Downside Target | 25.50 |
| Upside Target | 28.50 |
| Upside Target | 28.90 |
| Upside Target | 29.00 |
| Upside Target | 31.40 |
| Upside Target | 32.00 |
| Upside Target | 33.00 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 26.93 |
| Downside Intraday Target | 25.97 |
| Upside Intraday Target | 28.68 |
| Upside Intraday Target | 29.47 |
| Downside Intraday Target | 27.72 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.096 times |
| 13 Fri Jan 2023 | 28.25 | 27.00 | 32.00 | 26.10 | 0.459 times |
| 06 Fri Jan 2023 | 27.00 | 26.00 | 31.40 | 26.00 | 2.246 times |
| 30 Fri Dec 2022 | 27.15 | 28.50 | 28.50 | 26.25 | 0.343 times |
| 23 Fri Dec 2022 | 27.20 | 27.20 | 29.00 | 24.00 | 4.256 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 |
| 16 Mon Jan 2023 | 27.90 | 26.00 | 32.00 | 26.00 | 0.418 times |
| 30 Fri Dec 2022 | 27.15 | 27.15 | 29.00 | 24.00 | 0.172 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 |
Scroll below to view daily charts
Price has moved up 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 | 24, 13, 29 | Buy |
| MACD | 0, 0 | Buy |
| Stochastics | 32 | None |
| CCI | -12 | Sell |
| RSI | 56 | Buy |
| OBV | -120 | Sell |
| VWAP | 28 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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 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
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 Strong and stock is losing momentum.
MACD generated a BUY signal for Sh Steel in short term and the buy signal is strong.
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. 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 coming down
CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 27.72 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 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.
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