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(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)

Showing technical analysis as on 2024-09-23 View latest technical analysis

10 day averaged volume of Sh Steel is 2941

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	38.57	36.35	40.40	36.35	0.934 times
20 Fri Sep 2024	38.27	38.45	39.00	38.05	0.946 times
19 Thu Sep 2024	37.68	37.40	40.00	37.06	0.745 times
18 Wed Sep 2024	38.16	39.44	39.44	37.60	0.4 times
17 Tue Sep 2024	39.45	39.96	39.96	38.60	0.238 times
16 Mon Sep 2024	39.25	37.44	43.48	37.44	2.996 times
13 Fri Sep 2024	38.42	37.00	38.45	37.00	0.745 times
12 Thu Sep 2024	38.41	38.70	38.70	37.50	1.423 times
11 Wed Sep 2024	38.08	37.19	38.94	37.19	1.636 times
10 Tue Sep 2024	37.17	38.05	38.50	37.00	0.095 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.9 or till 39.7. Use a stoploss of 38.28 and if this stock hits its stoploss, then it can fall down till 37.62

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Upside Target	38.94
Upside Target	40.40
Upside Target	40.89
Upside Target	41.50
Upside Target	42.00
Upside Target	43.48
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	36.48
Downside Intraday Target	34.39
Upside Intraday Target	40.53
Upside Intraday Target	42.49
Downside Intraday Target	38.44

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	38.57	36.35	40.40	36.35	0.175 times
20 Fri Sep 2024	38.27	37.44	43.48	37.06	1.138 times
13 Fri Sep 2024	38.42	38.94	38.94	37.00	1.235 times
06 Fri Sep 2024	38.64	38.25	39.54	35.00	0.918 times
30 Fri Aug 2024	37.72	38.50	40.89	37.52	0.613 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
23 Mon Sep 2024	38.57	38.25	43.48	35.00	0.562 times
30 Fri Aug 2024	37.72	37.52	40.89	34.20	1.028 times
31 Wed Jul 2024	37.29	38.15	41.50	36.00	0.891 times
28 Fri Jun 2024	38.93	40.90	42.00	36.10	0.214 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 Sh Steel (ShSteel)

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 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 Sh Steel ( (ShSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sh Steel ( (ShSteel) ) 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 Sh Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sh Steel in short term and the buy signal is strong.

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 below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sh Steel in short term

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sh Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.56 and Sh Steel (ShSteel) 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 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.