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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 2022-04-08 View latest technical analysis

10 day averaged volume of Shremetal is 952

Date Daily Closing Price Open High Low Volume
08 Fri Apr 2022 23.50 22.65 23.50 22.65 0.679 times
07 Thu Apr 2022 23.80 24.15 24.15 23.80 2.025 times
06 Wed Apr 2022 25.05 25.05 25.05 23.80 1.174 times
05 Tue Apr 2022 25.05 26.35 26.35 25.05 0.791 times
04 Mon Apr 2022 26.35 24.65 26.40 23.95 1.614 times
01 Fri Apr 2022 25.15 23.75 25.15 22.85 1.271 times
31 Thu Mar 2022 24.00 23.45 24.45 23.45 1.991 times
30 Wed Mar 2022 23.45 23.45 23.45 23.45 0.272 times
29 Tue Mar 2022 24.65 23.55 24.65 22.40 0.131 times
28 Mon Mar 2022 23.55 23.55 23.55 23.55 0.053 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.1, but if it comes above 24.1, then a intra day buy could be more profitable.
If you take a sell trade below 24.1, then use 24.1 as stoploss and 22.9 as target. However if you take a buy trade in stock , then use 24.1 as stoploss and 25.15 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.40
Upside Target 23.75
Upside Target 24.25
Upside Target 26.00
Upside Target 26.40
Upside Target 27.15
Upside Target 28.00
Upside Target 29.50
Upside Target 29.65
Upside Target 30.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 21.97
Downside Intraday Target 20.43
Upside Intraday Target 25.72
Upside Intraday Target 27.93
Upside Intraday Target 24.18

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
08 Fri Apr 2022 23.50 24.65 26.40 22.65 1.69 times
01 Fri Apr 2022 25.15 23.55 25.15 22.40 1.827 times
25 Fri Mar 2022 24.75 27.00 28.00 24.25 3.836 times
17 Thu Mar 2022 26.75 26.55 27.15 24.70 1.18 times
11 Fri Mar 2022 26.00 23.75 26.00 23.75 0.719 times

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

Monthly technical analysis of Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
08 Fri Apr 2022 23.50 23.75 26.40 22.65 1.261 times
31 Thu Mar 2022 24.00 20.75 28.00 20.75 0.551 times
28 Mon Feb 2022 21.70 27.15 29.50 21.70 0.477 times
31 Mon Jan 2022 25.95 27.40 30.90 22.55 1.462 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 19, 31, 23 Sell
MACD -0, -0Sell
Stochastics 43None
CCI -102Sell
RSI 50Buy
OBV 214Sell
VWAP 25Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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. Bears are getting stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 24.65 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 positive

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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