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(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 2024-06-24 View latest technical analysis

10 day averaged volume of Sh Steel is 4116

Date Daily Closing Price Open High Low Volume
24 Mon Jun 2024 39.15 39.31 39.95 38.35 0.586 times
21 Fri Jun 2024 39.15 39.31 39.95 38.35 0.586 times
20 Thu Jun 2024 39.31 39.29 40.59 39.29 0.536 times
19 Wed Jun 2024 39.26 39.60 40.79 39.20 1.504 times
18 Tue Jun 2024 39.21 38.01 42.00 38.01 0.625 times
14 Fri Jun 2024 40.00 39.85 40.25 39.25 1.846 times
13 Thu Jun 2024 40.00 39.85 40.25 39.25 1.846 times
12 Wed Jun 2024 39.21 39.25 39.91 39.00 1.37 times
11 Tue Jun 2024 38.24 39.20 39.20 37.50 0.849 times
10 Mon Jun 2024 39.20 39.96 39.96 38.15 0.617 times

My analysis of stock is bullish for shortterm, and stock might move up till 39.7 or till 40.8. Use a stoploss of 38.83 and if this stock hits its stoploss, then it can fall down till 37.94

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 34.26
Downside Target 36.00
Downside Target 37.01
Upside Target 39.95
Upside Target 41.01
Upside Target 42.00
Upside Target 43.00
Upside Target 43.20
Upside Target 47.99
Upside Target 50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 38.35
Downside Intraday Target 37.55
Upside Intraday Target 39.95
Upside Intraday Target 40.75
Upside Intraday Target 39.15

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
24 Mon Jun 2024 39.15 39.31 39.95 38.35 0.18 times
21 Fri Jun 2024 39.15 38.01 42.00 38.01 0.498 times
14 Fri Jun 2024 40.00 39.96 40.25 37.50 1.13 times
07 Fri Jun 2024 38.99 40.90 41.01 36.10 1.285 times
31 Fri May 2024 39.23 40.00 42.00 37.01 0.787 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
24 Mon Jun 2024 39.15 40.90 42.00 36.10 0.169 times
31 Fri May 2024 39.23 39.80 50.80 37.01 4.725 times
30 Tue Apr 2024 39.80 38.80 43.00 36.00 0.602 times
28 Thu Mar 2024 37.97 39.70 47.99 34.26 1.3 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)

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term

RSI is generating a SELL signal in short term but selling 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 39.42 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 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.

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term

RSI is generating a SELL signal in short term but selling 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 39.42 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 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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Daily charts

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