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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 2022-12-01 View latest technical analysis

10 day averaged volume of Shremetal is 402

Date Daily Closing Price Open High Low Volume
01 Thu Dec 2022 29.50 29.65 29.65 28.30 3.177 times
30 Wed Nov 2022 28.30 28.30 28.30 28.30 0.249 times
29 Tue Nov 2022 27.00 27.00 27.80 27.00 1.294 times
28 Mon Nov 2022 26.50 26.50 29.00 26.50 0.09 times
25 Fri Nov 2022 27.80 27.80 27.80 27.80 0.231 times
24 Thu Nov 2022 27.80 27.80 27.80 27.80 0.154 times
23 Wed Nov 2022 27.80 27.90 27.90 27.80 0.632 times
22 Tue Nov 2022 26.65 29.35 29.35 26.65 2.622 times
21 Mon Nov 2022 28.00 28.05 28.05 28.00 0.92 times
18 Fri Nov 2022 28.05 30.40 30.40 27.60 1.532 times

Stock of Shremetal (Shremetal) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 27.1 or till 22.9. Use a stoploss of 30.57 and if the stock hits stoploss, then it can shoot up till 34.06

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 24.70
Downside Target 25.30
Downside Target 26.50
Downside Target 27.60
Downside Target 29.35
Upside Target 31.40
Upside Target 31.70
Upside Target 32.25
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 27.45
Downside Intraday Target 25.4
Upside Intraday Target 30.6
Upside Intraday Target 31.7
Downside Intraday Target 28.55

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
01 Thu Dec 2022 29.50 26.50 29.65 26.50 1.055 times
25 Fri Nov 2022 27.80 28.05 29.35 26.65 0.548 times
18 Fri Nov 2022 28.05 30.75 33.80 27.60 0.696 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

Price has moved up 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
01 Thu Dec 2022 29.50 29.65 29.65 28.30 0.099 times
30 Wed Nov 2022 28.30 32.90 37.40 26.50 0.617 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

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 19, 27, 18 Sell
MACD -1, -1Sell
Stochastics 39None
CCI 174Buy
RSI 49Sell
OBV 3Sell
VWAP 28Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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 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 SELL signal for Shremetal in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shremetal in short term and BUY 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

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 27.98 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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