(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 185759
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 28.42 | 31.21 | 32.09 | 27.90 | 1.692 times |
| 06 Mon May 2024 | 30.62 | 28.25 | 30.62 | 27.10 | 1.994 times |
| 03 Fri May 2024 | 27.84 | 28.84 | 29.15 | 27.20 | 1.338 times |
| 02 Thu May 2024 | 28.31 | 29.59 | 29.59 | 28.11 | 0.196 times |
| 30 Tue Apr 2024 | 28.73 | 30.32 | 30.89 | 28.59 | 0.702 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 27.8 as stoploss in an intra day buy trade for a target of 29.14. However, stock will show a bearish move below 27.8.
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 | 27.10 |
| Upside Target | 28.48 |
| Upside Target | 29.74 |
| Upside Target | 30.89 |
| Upside Target | 32.09 |
| 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 | 26.32 |
| Downside Intraday Target | 24.21 |
| Upside Intraday Target | 31.31 |
| Upside Intraday Target | 34.19 |
| Upside Intraday Target | 29.2 |
Weekly technical analysis of Essar Ship (EssarShip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 28.42 | 28.25 | 32.09 | 27.10 | 1.487 times |
| 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 |
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 Essar Ship (EssarShip)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 28.42 | 29.59 | 32.09 | 27.10 | 0.263 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 | 24, 16, 20 | Buy |
| MACD | 2, 2 | Sell |
| Stochastics | 28 | Sell |
| CCI | -18 | Buy |
| RSI | 60 | Buy |
| OBV | 903320 | Sell |
| VWAP | 29 | Sell |
| ADL | 0 | Sell |
| ROC | -9 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Essar Ship ( (EssarShip) ) 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
ADX buy sell signal for Essar Ship stock for short term is BUY. 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 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 coming down
CCI has generated a buy signal for Essar Ship in short term but BUY signal is weak.
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 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 29.45 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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