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(EssarShip) Essar Ship complete technical analysis [charts+indicators] | Buy/Sell Essar Ship | (EssarShip) share price targets

Complete technical analysis of Essar Ship (EssarShip) by charts plus indicators, forecast predictions and share price targets for Essar Ship (EssarShip)

10 day averaged volume of Essar Ship is 171151

Date Daily Closing Price Open High Low Volume
03 Fri May 2024 27.84 28.84 29.15 27.20 1.452 times
02 Thu May 2024 28.31 29.59 29.59 28.11 0.213 times
30 Tue Apr 2024 28.73 30.32 30.89 28.59 0.762 times
29 Mon Apr 2024 30.00 30.09 30.54 29.71 0.263 times
26 Fri Apr 2024 30.28 31.01 31.29 30.05 0.335 times

My analysis of stock is bearish for shortterm, and stock might move down till 26.8 or till 24.5. Use a stoploss of 28.66 and if the stock hits stoploss, then it can shoot up till 30.54

Share price targets for Essar Ship (EssarShip)

Target Type Value
Downside Target 19.70
Downside Target 20.82
Downside Target 24.95
Downside Target 25.50
Downside Target 26.40
Downside Target 27.20
Upside Target 27.86
Upside Target 28.48
Upside Target 29.59
Upside Target 30.89
Upside Target 32.64
Upside Target 32.95
Upside Target 34.25
Upside Target 36.22

Intraday share price targets for Essar Ship (EssarShip)

Target Type Value
Downside Intraday Target 26.4
Downside Intraday Target 24.95
Upside Intraday Target 30.09
Upside Intraday Target 32.33
Upside Intraday Target 28.64

Weekly technical analysis of Essar Ship (EssarShip)

Date Weekly Closing Price Open High Low Volume
03 Fri May 2024 27.84 30.09 30.89 27.20 0.462 times
26 Fri Apr 2024 30.28 32.69 34.25 28.75 1.089 times
19 Fri Apr 2024 31.37 26.44 32.95 24.95 2.214 times
12 Fri Apr 2024 26.84 28.45 29.74 26.40 0.348 times
05 Fri Apr 2024 27.86 20.82 27.86 20.82 2.921 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 Essar Ship (EssarShip)

Date Monthly Closing Price Open High Low Volume
03 Fri May 2024 27.84 29.59 29.59 27.20 0.077 times
30 Tue Apr 2024 28.73 20.82 34.25 20.82 1.674 times
28 Thu Mar 2024 20.86 27.00 28.48 19.70 1.137 times
29 Thu Feb 2024 26.81 31.98 32.64 25.50 0.771 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 Essar Ship (EssarShip)

Indicator Name Indicator Value Indicator Signal
ADX 18, 24, 13 Sell
MACD 2, 2Sell
Stochastics 10Sell
CCI -148Sell
RSI 61Buy
OBV 1015867Sell
VWAP 30Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Essar Ship ( (EssarShip) ) 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 Essar Ship ( (EssarShip) ) 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 Essar Ship ( (EssarShip) ) 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 Essar Ship ( (EssarShip) ) based on a mid to longer 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.

ADX buy sell signal for Essar Ship stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Essar Ship in short term but the sell signal is initial and weak.

Essar Ship 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 Essar Ship in short term and SELL signal is strong!

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

Stock of Essar Ship is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.94 and Essar Ship (EssarShip) 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 Essar Ship (EssarShip) stock. Volume based technical analysis of Essar Ship (EssarShip) stock is negative.

Essar Ship 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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