(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 2023-01-18 View latest technical analysis
10 day averaged volume of Sh Steel is 1380
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Jan 2023 | 27.80 | 28.00 | 28.90 | 27.20 | 0.48 times |
| 17 Tue Jan 2023 | 28.95 | 30.25 | 30.25 | 26.75 | 1.776 times |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.43 times |
| 13 Fri Jan 2023 | 28.25 | 28.50 | 28.50 | 28.00 | 0.431 times |
| 12 Thu Jan 2023 | 27.60 | 27.40 | 30.40 | 27.10 | 1.38 times |
| 11 Wed Jan 2023 | 28.05 | 28.50 | 32.00 | 26.75 | 1.067 times |
| 10 Tue Jan 2023 | 26.85 | 28.70 | 28.70 | 26.35 | 1.27 times |
| 09 Mon Jan 2023 | 27.45 | 27.00 | 27.50 | 26.10 | 0.336 times |
| 06 Fri Jan 2023 | 27.00 | 28.30 | 28.30 | 26.95 | 0.914 times |
| 05 Thu Jan 2023 | 27.00 | 27.00 | 28.00 | 27.00 | 0.321 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28.2 or till 29.1. Use a stoploss of 27.44 and if this stock hits its stoploss, then it can fall down till 26.7
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 | 29.00 |
| Upside Target | 30.25 |
| 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 | 26.28 |
| Downside Intraday Target | 24.77 |
| Upside Intraday Target | 29.78 |
| Upside Intraday Target | 31.77 |
| Upside Intraday Target | 28.27 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Jan 2023 | 27.80 | 27.40 | 30.25 | 26.75 | 0.599 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 |
| 18 Wed Jan 2023 | 27.80 | 26.00 | 32.00 | 26.00 | 0.482 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 | 25, 10, 44 | Buy |
| MACD | 1, 0 | Buy |
| Stochastics | 36 | None |
| CCI | 9 | Sell |
| RSI | 55 | Buy |
| OBV | 3875 | Sell |
| VWAP | 28 | Sell |
| ADL | 0 | Sell |
| ROC | 3 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 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 gaining momentum.
MACD generated a BUY signal for Sh Steel in short term and the buy signal is strong.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 27.8 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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