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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)

10 day averaged volume of Sh Steel is 4531

Date Daily Closing Price Open High Low Volume
24 Fri Sep 2021 27.00 24.70 27.65 23.95 4.793 times
23 Thu Sep 2021 24.05 25.55 27.00 23.70 0.39 times
22 Wed Sep 2021 24.75 24.00 24.95 23.70 0.791 times
21 Tue Sep 2021 24.65 25.55 25.55 23.00 1.007 times
20 Mon Sep 2021 24.40 25.10 25.65 23.90 1.637 times
17 Fri Sep 2021 24.60 26.00 26.00 23.30 0.604 times
16 Thu Sep 2021 23.65 26.00 26.00 22.00 2.256 times
15 Wed Sep 2021 24.90 25.85 25.85 24.80 0.335 times
14 Tue Sep 2021 25.90 26.05 26.20 24.30 0.69 times
13 Mon Sep 2021 25.30 25.60 26.45 24.25 1.508 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.5, but if it comes below 26.5, then a intra day sell could be more profitable.
If you take a sell trade below 26.5, then use 26.5 as stoploss and 25.5 as target. However if you take a buy trade in stock , then use 26.5 as stoploss and 27.6 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 19.05
Downside Target 19.80
Downside Target 22.00
Downside Target 22.60
Downside Target 24.00
Downside Target 25.50
Downside Target 26.45
Upside Target 27.65
Upside Target 28.70
Upside Target 29.00
Upside Target 29.50
Upside Target 31.70
Upside Target 34.70
Upside Target 35.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 24.12
Downside Intraday Target 21.23
Upside Intraday Target 28.77
Upside Intraday Target 30.53
Downside Intraday Target 25.88

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
24 Fri Sep 2021 27.00 25.10 27.65 23.00 1.598 times
17 Fri Sep 2021 24.60 25.60 26.45 22.00 2.314 times
09 Thu Sep 2021 25.60 25.50 28.70 24.00 0.61 times
03 Fri Sep 2021 26.55 29.00 29.00 24.25 0.994 times
27 Fri Aug 2021 26.20 26.00 29.50 23.35 0.777 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
24 Fri Sep 2021 27.00 25.85 28.70 22.00 0.479 times
31 Tue Aug 2021 25.60 32.95 34.70 23.35 0.442 times
30 Fri Jul 2021 32.80 22.95 35.00 22.60 2.044 times
30 Wed Jun 2021 22.10 24.45 25.50 19.80 0.931 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 13, 13, 0 Sell
MACD -1, -1Buy
Stochastics 62None
CCI 169Buy
RSI 54Buy
OBV 47Sell
VWAP 25Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 25.39 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 negative.

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

Daily charts

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Daily chart

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