(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 2023-01-16 View latest technical analysis
10 day averaged volume of Shremetal is 215
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 33.95 | 36.70 | 36.70 | 33.50 | 23.595 times |
| 13 Fri Jan 2023 | 35.00 | 37.90 | 37.90 | 35.00 | 1.456 times |
| 12 Thu Jan 2023 | 36.30 | 36.35 | 36.35 | 36.30 | 0.177 times |
| 11 Wed Jan 2023 | 34.70 | 31.45 | 34.70 | 31.45 | 0.023 times |
| 10 Tue Jan 2023 | 33.10 | 33.10 | 33.10 | 33.10 | 2.326 times |
| 09 Mon Jan 2023 | 33.10 | 34.70 | 34.70 | 33.10 | 0.2 times |
| 06 Fri Jan 2023 | 34.80 | 34.85 | 34.85 | 34.80 | 0.074 times |
| 05 Thu Jan 2023 | 33.25 | 33.30 | 33.30 | 33.25 | 0.2 times |
| 04 Wed Jan 2023 | 31.80 | 33.35 | 33.35 | 31.70 | 4.047 times |
| 03 Tue Jan 2023 | 33.35 | 30.40 | 33.35 | 30.40 | 0.981 times |
Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 34.4 as stoploss in an intra day sell trade for a target of 31.69. However, stock will show a bullish move above 34.4.
Share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Target | 25.30 |
| Downside Target | 26.50 |
| Downside Target | 27.85 |
| Downside Target | 29.05 |
| Downside Target | 29.85 |
| Downside Target | 30.90 |
| Downside Target | 33.30 |
| Downside Target | 33.50 |
| Upside Target | 34.85 |
| Upside Target | 36.70 |
| Upside Target | 37.40 |
| Upside Target | 37.90 |
Intraday share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Intraday Target | 32.73 |
| Downside Intraday Target | 31.52 |
| Upside Intraday Target | 35.93 |
| Upside Intraday Target | 37.92 |
| Upside Intraday Target | 34.72 |
Weekly technical analysis of Shremetal (Shremetal)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 33.95 | 36.70 | 36.70 | 33.50 | 5.643 times |
| 13 Fri Jan 2023 | 35.00 | 34.70 | 37.90 | 31.45 | 0.72 times |
| 06 Fri Jan 2023 | 34.80 | 29.05 | 34.85 | 29.05 | 0.548 times |
| 30 Fri Dec 2022 | 30.50 | 27.90 | 32.05 | 25.40 | 3.164 times |
| 23 Fri Dec 2022 | 26.65 | 29.50 | 30.90 | 26.65 | 0.396 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shremetal (Shremetal)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 33.95 | 29.05 | 37.90 | 29.05 | 0.832 times |
| 30 Fri Dec 2022 | 30.50 | 29.65 | 32.25 | 25.40 | 0.67 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 |
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 | 27, 23, 8 | Buy |
| MACD | 2, 2 | Buy |
| Stochastics | 71 | Buy |
| CCI | 41 | Sell |
| RSI | 52 | Buy |
| OBV | -5593 | Sell |
| VWAP | 34 | Buy |
| ADL | 0 | Sell |
| ROC | 6 | Buy |
| Force Index | 0 | Sell |
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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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
ADX buy sell signal for Shremetal stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Shremetal in short term and the buy signal is strong.
Shremetal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Shremetal in short term but SELL signal is weak.
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 33.66 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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