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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)

Showing technical analysis as on 2021-08-12 View latest technical analysis

10 day averaged volume of Shremetal is 140

Date Daily Closing Price Open High Low Volume
12 Thu Aug 2021 24.25 25.05 25.05 24.25 6.429 times
11 Wed Aug 2021 25.50 25.50 25.50 25.50 0.021 times
09 Mon Aug 2021 25.50 26.00 26.00 25.50 1.079 times
06 Fri Aug 2021 26.75 26.75 26.75 26.75 0.179 times
05 Thu Aug 2021 25.50 26.00 26.00 25.50 0.679 times
04 Wed Aug 2021 26.00 26.00 26.00 26.00 0.357 times
03 Tue Aug 2021 26.00 25.45 26.00 25.45 3.586 times
02 Mon Aug 2021 25.40 27.50 27.50 25.40 2.5 times
30 Fri Jul 2021 26.65 26.65 26.65 26.65 1.429 times
29 Thu Jul 2021 28.00 28.00 28.00 25.75 0.143 times

Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.

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 24.1, for a target of 25.3 or 26.32

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.50
Downside Target 23.65
Downside Target 24.25
Upside Target 25.40
Upside Target 27.50
Upside Target 27.75
Upside Target 28.35
Upside Target 29.05
Upside Target 30.45
Upside Target 32.40
Upside Target 32.60
Upside Target 32.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 23.67
Downside Intraday Target 23.08
Upside Intraday Target 25.42
Upside Intraday Target 26.58
Upside Intraday Target 24.83

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
12 Thu Aug 2021 24.25 26.00 26.00 24.25 1.031 times
06 Fri Aug 2021 26.75 27.50 27.50 25.40 0.459 times
30 Fri Jul 2021 26.65 25.75 28.35 24.50 1.534 times
23 Fri Jul 2021 25.75 26.45 27.75 25.75 0.367 times
16 Fri Jul 2021 25.20 25.40 29.05 24.55 1.779 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
12 Thu Aug 2021 24.25 27.50 27.50 24.25 0.202 times
30 Fri Jul 2021 26.65 27.70 30.45 24.50 1.509 times
30 Wed Jun 2021 29.15 32.90 32.90 25.60 1.424 times
31 Mon May 2021 32.40 22.50 32.40 22.50 1.482 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 16, 36, 39 Sell
MACD -1, -1Sell
Stochastics 2Sell
CCI -176Sell
RSI 49Sell
OBV -732Sell
VWAP 25Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

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

ADX buy sell signal for Shremetal stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Shremetal 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 in or above 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 positive zone. This is a BUY zone

Stock of Shremetal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 25.25 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 has given negative 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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Daily chart

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