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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 2022-09-27 View latest technical analysis

10 day averaged volume of Shremetal is 1958

Date Daily Closing Price Open High Low Volume
27 Tue Sep 2022 27.00 28.80 28.80 27.00 0.205 times
26 Mon Sep 2022 27.50 27.45 27.50 27.00 0.787 times
23 Fri Sep 2022 27.55 27.50 28.50 27.50 0.919 times
22 Thu Sep 2022 28.35 29.50 29.50 28.00 1.149 times
21 Wed Sep 2022 29.25 29.85 29.85 27.15 0.542 times
20 Tue Sep 2022 28.50 28.25 28.50 28.25 1.42 times
19 Mon Sep 2022 27.50 27.65 27.65 25.90 0.917 times
16 Fri Sep 2022 26.90 26.30 27.70 26.30 0.851 times
15 Thu Sep 2022 27.10 27.00 27.10 25.30 1.592 times
14 Wed Sep 2022 26.10 26.70 28.00 25.50 1.462 times

My analysis of stock is bearish for shortterm, and stock might move down till 26.4 or till 25.4. Use a stoploss of 27.24 and if the stock hits stoploss, then it can shoot up till 28.09

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.65
Downside Target 24.70
Downside Target 25.30
Downside Target 27.00
Upside Target 28.00
Upside Target 28.05
Upside Target 28.30
Upside Target 28.80
Upside Target 29.85
Upside Target 30.45
Upside Target 31.70

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 26.4
Downside Intraday Target 25.8
Upside Intraday Target 28.2
Upside Intraday Target 29.4
Upside Intraday Target 27.6

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
27 Tue Sep 2022 27.00 27.45 28.80 27.00 0.2 times
23 Fri Sep 2022 27.55 27.65 29.85 25.90 0.918 times
16 Fri Sep 2022 26.90 27.50 28.30 25.30 1.056 times
09 Fri Sep 2022 27.50 26.00 28.00 26.00 1.654 times
02 Fri Sep 2022 26.25 26.65 28.05 25.60 0.98 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
27 Tue Sep 2022 27.00 27.05 29.85 25.30 1.51 times
29 Mon Aug 2022 25.80 28.90 31.70 24.70 1.662 times
29 Fri Jul 2022 27.55 23.05 30.45 23.05 7.67 times
30 Thu Jun 2022 24.05 25.00 26.25 23.10 0.704 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Shremetal (Shremetal)

Indicator Name Indicator Value Indicator Signal
ADX 27, 19, 18 Buy
MACD 0, 1Sell
Stochastics 45None
CCI 4Buy
RSI 55Buy
OBV -861Sell
VWAP 28Sell
ADL 0Sell
ROC 1Buy
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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Shremetal in short term but the sell 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. 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 buy signal for Shremetal in short term and BUY 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

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 27.51 and Shremetal (Shremetal) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.

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Daily charts

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Daily chart

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