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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 2022-05-16 View latest technical analysis

10 day averaged volume of Shremetal is 418

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 23.50 23.50 23.50 23.50 0.074 times
13 Fri May 2022 23.50 23.50 23.50 23.50 0.002 times
11 Wed May 2022 23.50 23.50 23.50 23.50 1.435 times
10 Tue May 2022 22.65 24.30 24.95 22.65 1.969 times
09 Mon May 2022 23.80 23.80 23.80 23.80 0.478 times
06 Fri May 2022 22.70 22.75 22.75 22.70 0.263 times
05 Thu May 2022 21.70 21.75 21.75 21.70 2.397 times
04 Wed May 2022 22.80 22.80 22.80 22.80 0.182 times
29 Fri Apr 2022 24.00 25.00 25.00 24.00 1.914 times
27 Wed Apr 2022 23.85 23.50 23.85 22.75 0.998 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.8 or till 21.9. Use a stoploss of 23.57 and if the stock hits stoploss, then it can shoot up till 24.32

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.35
Downside Target 23.50
Upside Target 24.55
Upside Target 24.95
Upside Target 25.00
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 23.5
Downside Intraday Target 23.5
Downside Intraday Target 23.5
Downside Intraday Target 23.5
Downside Intraday Target 23.5

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 23.50 23.50 23.50 23.50 0.019 times
13 Fri May 2022 23.50 23.80 24.95 22.65 1.367 times
06 Fri May 2022 22.70 22.80 22.80 21.70 0.808 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

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
16 Mon May 2022 23.50 22.80 24.95 21.70 0.218 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 29, 35, 9 Sell
MACD -1, -1Buy
Stochastics 55None
CCI 29Sell
RSI 45Sell
OBV 591Sell
VWAP 23Buy
ADL 0Sell
ROC -1Sell
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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 23 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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