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

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

10 day averaged volume of Shremetal is 310

Date Daily Closing Price Open High Low Volume
08 Thu Dec 2022 27.95 28.00 28.00 27.95 1.997 times
07 Wed Dec 2022 29.35 32.25 32.25 29.35 0.097 times
06 Tue Dec 2022 30.80 30.80 30.80 30.80 1.048 times
05 Mon Dec 2022 30.90 30.90 30.90 30.90 1.629 times
02 Fri Dec 2022 29.50 30.90 30.90 29.50 0.5 times
01 Thu Dec 2022 29.50 29.65 29.65 28.30 4.119 times
30 Wed Nov 2022 28.30 28.30 28.30 28.30 0.323 times
29 Tue Nov 2022 27.00 27.00 27.80 27.00 1.677 times
28 Mon Nov 2022 26.50 26.50 29.00 26.50 0.116 times
25 Fri Nov 2022 27.80 27.80 27.80 27.80 0.3 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.3 as stoploss in an intra day buy trade for a target of 29.02. However, stock will show a bearish move below 27.3.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 24.70
Downside Target 25.30
Downside Target 26.50
Downside Target 27.60
Upside Target 29.35
Upside Target 30.90
Upside Target 31.70
Upside Target 32.25
Upside Target 33.30
Upside Target 33.80
Upside Target 37.40

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 26.52
Downside Intraday Target 25.08
Upside Intraday Target 30.82
Upside Intraday Target 33.68
Upside Intraday Target 29.38

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
08 Thu Dec 2022 27.95 30.90 32.25 27.95 0.708 times
02 Fri Dec 2022 29.50 26.50 30.90 26.50 1.139 times
25 Fri Nov 2022 27.80 28.05 29.35 26.65 0.548 times
18 Fri Nov 2022 28.05 30.75 33.80 27.60 0.696 times
11 Fri Nov 2022 32.25 36.95 37.40 32.25 1.47 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 Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
08 Thu Dec 2022 27.95 29.65 32.25 27.95 0.225 times
30 Wed Nov 2022 28.30 32.90 37.40 26.50 0.617 times
31 Mon Oct 2022 31.40 30.50 33.30 27.85 0.514 times
30 Fri Sep 2022 29.10 27.05 29.85 25.30 1.705 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 Shremetal (Shremetal)

Indicator Name Indicator Value Indicator Signal
ADX 17, 26, 22 Sell
MACD -1, -1Buy
Stochastics 58None
CCI -54Sell
RSI 50Sell
OBV -4794Sell
VWAP 29Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short 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.

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

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

MACD generated a BUY signal for Shremetal in short term but the buy signal is initial and weak.

Shremetal 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 tired and bears are picking up momentum.

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 Shremetal in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Shremetal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.08 and Shremetal (Shremetal) 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 Shremetal (Shremetal) stock. Volume based technical analysis of Shremetal (Shremetal) stock is negative.

Shremetal 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 Shremetal charts

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Daily charts

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Daily chart

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