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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 2022-11-15 View latest technical analysis

10 day averaged volume of Shremetal is 916

Date Daily Closing Price Open High Low Volume
15 Tue Nov 2022 32.10 29.20 32.10 29.20 0.193 times
14 Mon Nov 2022 30.65 30.75 33.80 30.65 1.183 times
11 Fri Nov 2022 32.25 32.50 35.50 32.25 1.442 times
10 Thu Nov 2022 33.90 37.30 37.30 33.90 0.767 times
09 Wed Nov 2022 35.60 36.65 37.40 35.60 0.366 times
07 Mon Nov 2022 37.40 36.95 37.40 35.15 2.674 times
04 Fri Nov 2022 36.95 37.35 37.35 34.00 2.261 times
03 Thu Nov 2022 35.65 32.30 35.65 32.30 0.084 times
02 Wed Nov 2022 34.00 34.40 34.40 34.00 0.072 times
01 Tue Nov 2022 32.85 32.90 32.90 32.85 0.116 times

My analysis of stock is bearish for shortterm, and stock might move down till 30 or till 27. Use a stoploss of 32.49 and if the stock hits stoploss, then it can shoot up till 34.96

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 23.05
Downside Target 24.70
Downside Target 25.30
Downside Target 27.85
Downside Target 29.05
Downside Target 29.85
Downside Target 31.40
Upside Target 33.00
Upside Target 33.30
Upside Target 33.80
Upside Target 37.35
Upside Target 37.40

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 29.6
Downside Intraday Target 27.1
Upside Intraday Target 34.2
Upside Intraday Target 36.3
Downside Intraday Target 31.7

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
15 Tue Nov 2022 32.10 30.75 33.80 29.20 0.262 times
11 Fri Nov 2022 32.25 36.95 37.40 32.25 1.47 times
04 Fri Nov 2022 36.95 33.30 37.35 31.40 2.385 times
28 Fri Oct 2022 33.00 31.45 33.00 29.95 0.372 times
21 Fri Oct 2022 30.00 29.15 30.00 29.05 0.47 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
15 Tue Nov 2022 32.10 32.90 37.40 29.20 0.399 times
31 Mon Oct 2022 31.40 30.50 33.30 27.85 0.514 times
30 Fri Sep 2022 29.10 27.05 29.85 25.30 1.705 times
29 Mon Aug 2022 25.80 28.90 31.70 24.70 1.662 times

Scroll below to view daily charts

Price has moved up 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 14, 30, 36 Sell
MACD 2, 3Sell
Stochastics 19Sell
CCI -132Sell
RSI 49Sell
OBV 2448Sell
VWAP 35Sell
ADL 0Sell
ROC 2Buy
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 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 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 but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be moving up

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 but selling is losing 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 35.03 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 positive

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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