(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 2023-01-27 View latest technical analysis
10 day averaged volume of Sh Steel is 1761
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Fri Jan 2023 | 27.95 | 27.95 | 28.45 | 27.70 | 0.172 times |
| 25 Wed Jan 2023 | 28.00 | 27.30 | 28.50 | 27.30 | 1.969 times |
| 24 Tue Jan 2023 | 29.00 | 29.90 | 29.90 | 27.30 | 0.066 times |
| 23 Mon Jan 2023 | 28.50 | 28.00 | 28.50 | 28.00 | 1.248 times |
| 20 Fri Jan 2023 | 28.30 | 27.35 | 29.70 | 27.35 | 2.014 times |
| 19 Thu Jan 2023 | 29.25 | 28.00 | 29.25 | 28.00 | 1.176 times |
| 18 Wed Jan 2023 | 27.80 | 28.00 | 28.90 | 27.20 | 0.376 times |
| 17 Tue Jan 2023 | 28.95 | 30.25 | 30.25 | 26.75 | 1.392 times |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.337 times |
| 13 Fri Jan 2023 | 28.25 | 28.50 | 28.50 | 28.00 | 0.338 times |
My analysis of stock is bullish for shortterm, and stock might move up till 28.6 or till 29.4. Use a stoploss of 27.87 and if this stock hits its stoploss, then it can fall down till 27.16
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 |
| Downside Target | 27.30 |
| Upside Target | 28.50 |
| Upside Target | 29.90 |
| 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 | 26.87 |
| Downside Intraday Target | 25.78 |
| Upside Intraday Target | 29.47 |
| Upside Intraday Target | 30.98 |
| Upside Intraday Target | 28.38 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Fri Jan 2023 | 27.95 | 28.00 | 29.90 | 27.30 | 0.652 times |
| 20 Fri Jan 2023 | 28.30 | 27.40 | 30.25 | 26.75 | 1.507 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 |
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 |
| 27 Fri Jan 2023 | 27.95 | 26.00 | 32.00 | 26.00 | 0.723 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 | 23, 9, 45 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 37 | None |
| CCI | -55 | Buy |
| RSI | 54 | Buy |
| OBV | -5209 | Sell |
| VWAP | 28 | Sell |
| ADL | 0 | Sell |
| ROC | 1 | 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 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 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 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 BUY. 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. 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 buy signal for Sh Steel in short term but BUY 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
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 28.45 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for Sh Steel charts
Click here for further forecast and predictions for tomorrow