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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 2022-05-04 View latest technical analysis

10 day averaged volume of Shremetal is 489

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 22.80 22.80 22.80 22.80 0.155 times
29 Fri Apr 2022 24.00 25.00 25.00 24.00 1.636 times
27 Wed Apr 2022 23.85 23.50 23.85 22.75 0.853 times
26 Tue Apr 2022 23.85 23.85 23.85 23.35 0.313 times
25 Mon Apr 2022 23.35 23.35 23.35 23.35 0.204 times
22 Fri Apr 2022 24.55 24.55 24.55 24.55 4.092 times
21 Thu Apr 2022 24.05 24.05 24.05 24.05 0.204 times
20 Wed Apr 2022 22.95 23.85 23.85 22.95 0.018 times
18 Mon Apr 2022 23.85 23.85 23.85 23.85 0.102 times
13 Wed Apr 2022 25.10 25.15 25.15 23.50 2.571 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.3, but if it comes above 23.3, then a intra day buy could be more profitable.
If you take a sell trade below 23.3, then use 23.3 as stoploss and 22.3 as target. However if you take a buy trade in stock , then use 23.3 as stoploss and 24.14 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.35
Upside Target 24.55
Upside Target 25.00
Upside Target 25.15
Upside Target 26.40
Upside Target 28.00
Upside Target 29.50
Upside Target 30.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 22.8
Downside Intraday Target 22.8
Downside Intraday Target 22.8
Downside Intraday Target 22.8
Downside Intraday Target 22.8

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 22.80 22.80 22.80 22.80 0.052 times
29 Fri Apr 2022 24.00 23.35 25.00 22.75 0.681 times
22 Fri Apr 2022 24.55 23.85 24.55 22.95 0.982 times
13 Wed Apr 2022 25.10 22.35 25.15 22.35 0.368 times
08 Fri Apr 2022 23.50 24.65 26.40 22.65 1.69 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
04 Wed May 2022 22.80 22.80 22.80 22.80 0.006 times
29 Fri Apr 2022 24.00 23.75 26.40 22.35 2.283 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

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 27, 36, 15 Sell
MACD -1, -1Sell
Stochastics 38None
CCI -138Sell
RSI 44Sell
OBV 5261Sell
VWAP 24Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) 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 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 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 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 Weak 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 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

Although the stock is in the BUY zone, but buying 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 24.45 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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