(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)
10 day averaged volume of Shremetal is 2056
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 35.16 | 36.30 | 36.30 | 35.16 | 0.4 times |
| 06 Mon May 2024 | 37.01 | 37.01 | 39.92 | 37.01 | 0.647 times |
| 03 Fri May 2024 | 38.95 | 39.00 | 40.00 | 38.95 | 0.221 times |
| 02 Thu May 2024 | 39.00 | 39.00 | 39.00 | 39.00 | 0.052 times |
| 30 Tue Apr 2024 | 39.00 | 39.94 | 39.94 | 37.60 | 0.974 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.6 as stoploss in an intra day buy trade for a target of 37.58. However, stock will show a bearish move below 33.6.
Share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Target | 26.52 |
| Downside Target | 27.18 |
| Downside Target | 29.25 |
| Downside Target | 30.00 |
| Downside Target | 32.30 |
| Downside Target | 33.11 |
| Downside Target | 34.90 |
| Upside Target | 36.42 |
| Upside Target | 39.92 |
| Upside Target | 40.00 |
| Upside Target | 43.69 |
| Upside Target | 44.06 |
| Upside Target | 46.26 |
Intraday share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Intraday Target | 33.57 |
| Downside Intraday Target | 31.99 |
| Upside Intraday Target | 38.33 |
| Upside Intraday Target | 41.51 |
| Upside Intraday Target | 36.75 |
Weekly technical analysis of Shremetal (Shremetal)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 35.16 | 37.01 | 39.92 | 35.16 | 0.322 times |
| 03 Fri May 2024 | 38.95 | 43.69 | 43.69 | 37.60 | 0.438 times |
| 26 Fri Apr 2024 | 41.62 | 44.06 | 44.06 | 37.00 | 0.359 times |
| 19 Fri Apr 2024 | 42.21 | 36.42 | 46.26 | 36.42 | 24.444 times |
| 12 Fri Apr 2024 | 33.11 | 32.26 | 33.11 | 29.25 | 0.842 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 |
| 07 Tue May 2024 | 35.16 | 39.00 | 40.00 | 35.16 | 0.04 times |
| 30 Tue Apr 2024 | 39.00 | 27.43 | 46.26 | 26.52 | 8.414 times |
| 28 Thu Mar 2024 | 28.86 | 32.00 | 34.90 | 27.18 | 0.295 times |
| 29 Thu Feb 2024 | 32.00 | 36.89 | 38.30 | 30.00 | 0.574 times |
Price has moved down 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 | 31, 37, 9 | Sell |
| MACD | 2, 3 | Sell |
| Stochastics | 7 | Sell |
| CCI | -230 | Sell |
| RSI | 60 | Buy |
| OBV | -35219 | Sell |
| VWAP | 39 | Sell |
| ADL | 0 | Sell |
| ROC | -16 | Sell |
| Force Index | 0 | Sell |
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 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 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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Shremetal 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 negative zone. This is the SELL 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 39.23 and Shremetal (Shremetal) 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 Shremetal (Shremetal) stock. Volume based technical analysis of Shremetal (Shremetal) stock is negative.
Shremetal Stock has given negative 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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