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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 2024-09-26 View latest technical analysis

10 day averaged volume of Sh Steel is 2753

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	38.38	38.25	39.90	38.25	1.203 times
25 Wed Sep 2024	37.71	39.95	39.95	37.51	0.406 times
24 Tue Sep 2024	38.50	38.57	39.99	38.30	0.59 times
23 Mon Sep 2024	38.57	36.35	40.40	36.35	0.998 times
20 Fri Sep 2024	38.27	38.45	39.00	38.05	1.011 times
19 Thu Sep 2024	37.68	37.40	40.00	37.06	0.795 times
18 Wed Sep 2024	38.16	39.44	39.44	37.60	0.427 times
17 Tue Sep 2024	39.45	39.96	39.96	38.60	0.254 times
16 Mon Sep 2024	39.25	37.44	43.48	37.44	3.201 times
13 Fri Sep 2024	38.42	37.00	38.45	37.00	0.796 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.8 or till 39.6. Use a stoploss of 38.19 and if this stock hits its stoploss, then it can fall down till 37.57

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Upside Target	38.94
Upside Target	40.40
Upside Target	40.89
Upside Target	41.50
Upside Target	42.00
Upside Target	43.48
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	36.35
Downside Intraday Target	34.33
Upside Intraday Target	40.4
Upside Intraday Target	42.43
Downside Intraday Target	38.38

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	38.38	36.35	40.40	36.35	0.562 times
20 Fri Sep 2024	38.27	37.44	43.48	37.06	1.138 times
13 Fri Sep 2024	38.42	38.94	38.94	37.00	1.235 times
06 Fri Sep 2024	38.64	38.25	39.54	35.00	0.918 times
30 Fri Aug 2024	37.72	38.50	40.89	37.52	0.613 times

Price has moved up 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
26 Thu Sep 2024	38.38	38.25	43.48	35.00	0.64 times
30 Fri Aug 2024	37.72	37.52	40.89	34.20	1.028 times
31 Wed Jul 2024	37.29	38.15	41.50	36.00	0.891 times
28 Fri Jun 2024	38.93	40.90	42.00	36.10	0.214 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)

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

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 38.62 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.