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(ShahFood) Shah Food complete technical analysis [charts+indicators] | Buy/Sell Shah Food | (ShahFood) share price targets

Complete technical analysis of Shah Food (ShahFood) by charts plus indicators, forecast predictions and share price targets for Shah Food (ShahFood)

Showing technical analysis as on 2021-10-11 View latest technical analysis

10 day averaged volume of Shah Food is 58

Date Daily Closing Price Open High Low Volume
11 Mon Oct 2021 23.25 23.25 23.25 23.25 0.345 times
27 Mon Sep 2021 24.45 24.45 24.45 24.45 0.517 times
24 Fri Sep 2021 24.45 24.45 24.45 24.45 0.897 times
17 Fri Sep 2021 24.45 24.45 24.45 24.45 0.69 times
16 Thu Sep 2021 25.70 25.70 25.70 25.70 0.172 times
14 Tue Sep 2021 27.05 27.05 27.05 27.05 2.586 times
08 Wed Sep 2021 28.45 28.45 28.45 28.45 0.345 times
01 Wed Sep 2021 28.45 28.45 28.45 28.45 0.862 times
31 Tue Aug 2021 28.45 28.45 28.45 28.45 1.724 times
26 Thu Aug 2021 29.90 29.90 29.90 29.90 0.862 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 22.7, for a target of 25.7 or 28.18

Share price targets for Shah Food (ShahFood)

Target Type Value
Downside Target 19.85
Downside Target 21.00
Downside Target 22.05
Downside Target 23.25
Upside Target 24.45
Upside Target 27.05
Upside Target 28.45
Upside Target 29.95
Upside Target 31.90

Intraday share price targets for Shah Food (ShahFood)

Target Type Value
Downside Intraday Target 23.25
Downside Intraday Target 23.25
Downside Intraday Target 23.25
Downside Intraday Target 23.25
Downside Intraday Target 23.25

Weekly technical analysis of Shah Food (ShahFood)

Date Weekly Closing Price Open High Low Volume
11 Mon Oct 2021 23.25 23.25 23.25 23.25 0.667 times
27 Mon Sep 2021 24.45 24.45 24.45 24.45 0.577 times
24 Fri Sep 2021 24.45 24.45 24.45 24.45 0.26 times
17 Fri Sep 2021 24.45 27.05 27.05 24.45 10 times
08 Wed Sep 2021 28.45 28.45 28.45 28.45 0.133 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 Shah Food (ShahFood)

Date Monthly Closing Price Open High Low Volume
11 Mon Oct 2021 23.25 23.25 23.25 23.25 0.057 times
27 Mon Sep 2021 24.45 28.45 28.45 24.45 0.668 times
31 Tue Aug 2021 28.45 29.95 29.95 28.45 1.082 times
30 Fri Jul 2021 31.50 22.05 31.90 22.05 0.725 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 Shah Food (ShahFood)

Indicator Name Indicator Value Indicator Signal
ADX 28, 71, 44 Sell
MACD -0, 1Sell
Stochastics 0Sell
CCI -107Sell
RSI 51Buy
OBV -397Sell
VWAP 27Sell
ADL 0Sell
ROC -22Sell
Force Index 0Sell

Price action analysis of Shah Food ( (ShahFood) ) based on a short term time period is

Price action analysis of Shah Food ( (ShahFood) ) based on a short term time period is

Price action analysis of Shah Food ( (ShahFood) ) based on a short to mid term time period is

Price action analysis of Shah Food ( (ShahFood) ) 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 Shah Food stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shah Food in short term and the sell signal is strong.

Shah Food Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shah Food in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shah Food is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27 and Shah Food (ShahFood) 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 Shah Food (ShahFood) stock. Volume based technical analysis of Shah Food (ShahFood) stock is negative.

Shah Food 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.

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Daily charts

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Daily chart

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