(ShSteel) Sh Steel complete technical analysis [charts+indicators] | Buy/Sell Sh Steel | (ShSteel) share price targets
Complete technical analysis of Sh Steel (ShSteel) by charts plus indicators, forecast predictions and share price targets for Sh Steel (ShSteel)
10 day averaged volume of Sh Steel is 34422
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 40.49 | 39.51 | 41.46 | 39.07 | 0.245 times |
| 15 Wed May 2024 | 39.50 | 42.50 | 42.50 | 39.50 | 0.108 times |
| 14 Tue May 2024 | 40.20 | 39.97 | 44.65 | 39.30 | 0.982 times |
| 13 Mon May 2024 | 38.18 | 39.26 | 40.30 | 37.20 | 0.141 times |
| 10 Fri May 2024 | 39.40 | 40.50 | 41.26 | 38.75 | 0.543 times |
My analysis of stock is bullish for shortterm, and stock might move up till 41.9 or till 44.5. Use a stoploss of 39.84 and if this stock hits its stoploss, then it can fall down till 37.73
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 34.26 |
| Downside Target | 36.00 |
| Downside Target | 39.00 |
| Upside Target | 41.00 |
| Upside Target | 41.50 |
| Upside Target | 43.00 |
| Upside Target | 43.20 |
| Upside Target | 44.65 |
| Upside Target | 47.70 |
| Upside Target | 47.99 |
| Upside Target | 50.80 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 36.91 |
| Downside Intraday Target | 33.33 |
| Upside Intraday Target | 44.36 |
| Upside Intraday Target | 48.23 |
| Upside Intraday Target | 40.78 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 40.49 | 39.26 | 44.65 | 37.20 | 0.174 times |
| 10 Fri May 2024 | 39.40 | 38.20 | 50.80 | 38.00 | 24.764 times |
| 03 Fri May 2024 | 40.00 | 39.20 | 41.00 | 38.00 | 0.855 times |
| 26 Fri Apr 2024 | 39.43 | 36.00 | 41.50 | 36.00 | 1.897 times |
| 19 Fri Apr 2024 | 38.84 | 38.15 | 39.00 | 36.50 | 1.427 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 Sh Steel (ShSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 40.49 | 39.80 | 50.80 | 37.20 | 4.181 times |
| 30 Tue Apr 2024 | 39.80 | 38.80 | 43.00 | 36.00 | 0.602 times |
| 28 Thu Mar 2024 | 37.97 | 39.70 | 47.99 | 34.26 | 1.3 times |
| 29 Thu Feb 2024 | 38.11 | 41.00 | 43.20 | 37.30 | 0.392 times |
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sh Steel (ShSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 31, 16, 31 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 21 | Sell |
| CCI | -30 | Sell |
| RSI | 58 | Buy |
| OBV | 92397 | Sell |
| VWAP | 44 | Sell |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Sh Steel ( (ShSteel) ) 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 Sh Steel ( (ShSteel) ) 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 Sh Steel ( (ShSteel) ) based on a mid to longer term time period is
ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Sh Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 44.49 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Sh Steel (ShSteel) stock. Volume based technical analysis of Sh Steel (ShSteel) stock is negative.
Sh Steel 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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