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(SCILAL) Shipping Corp complete technical analysis [charts+indicators] | Buy/Sell Shipping Corp | (SCILAL) share price targets

Complete technical analysis of Shipping Corp (SCILAL) by charts plus indicators, forecast predictions and share price targets for Shipping Corp (SCILAL)

Showing technical analysis as on 2024-08-20 View latest technical analysis

10 day averaged volume of Shipping Corp is 2456772

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	87.83	90.50	91.58	87.01	0.783 times
19 Mon Aug 2024	89.91	91.50	93.22	89.60	0.557 times
16 Fri Aug 2024	91.19	92.70	92.71	90.76	0.409 times
14 Wed Aug 2024	90.58	92.60	93.20	90.10	0.578 times
13 Tue Aug 2024	92.60	95.40	95.40	91.70	0.691 times
12 Mon Aug 2024	94.22	92.54	96.95	91.12	1.917 times
09 Fri Aug 2024	92.41	92.99	93.39	91.00	0.604 times
08 Thu Aug 2024	91.22	93.67	93.69	91.00	0.701 times
07 Wed Aug 2024	93.19	93.00	93.90	90.48	0.899 times
06 Tue Aug 2024	90.09	93.49	95.99	89.25	1.548 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 90.6, but if it comes above 90.6, then a intra day buy could be more profitable.
If you take a sell trade below 90.6, then use 90.6 as stoploss and 84.9 as target. However if you take a buy trade in stock , then use 90.6 as stoploss and 95.31 as target.

Share price targets for Shipping Corp (SCILAL)

Target Type	Value
Downside Target	48.35
Downside Target	56.75
Downside Target	60.00
Downside Target	75.80
Downside Target	77.85
Downside Target	80.42
Downside Target	87.01
Upside Target	88.90
Upside Target	93.22
Upside Target	95.99
Upside Target	96.95
Upside Target	103.89
Upside Target	106.50
Upside Target	107.50
Upside Target	108.55

Intraday share price targets for Shipping Corp (SCILAL)

Target Type	Value
Downside Intraday Target	85.49
Downside Intraday Target	83.14
Upside Intraday Target	91.7
Upside Intraday Target	95.56
Upside Intraday Target	89.35

Weekly technical analysis of Shipping Corp (SCILAL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	87.83	91.50	93.22	87.01	0.373 times
16 Fri Aug 2024	91.19	92.54	96.95	90.10	0.615 times
09 Fri Aug 2024	92.41	93.99	95.99	89.25	0.556 times
02 Fri Aug 2024	98.93	101.89	107.50	96.50	0.727 times
26 Fri Jul 2024	100.91	92.39	106.50	91.17	1.442 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 Shipping Corp (SCILAL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	87.83	103.69	103.89	87.01	0.168 times
31 Wed Jul 2024	102.70	81.45	108.55	80.42	1.557 times
28 Fri Jun 2024	81.21	73.00	88.90	56.75	2.262 times
31 Fri May 2024	66.70	69.40	75.80	60.00	0.394 times

Scroll below to view daily charts

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 Shipping Corp (SCILAL)

Price action analysis of Shipping Corp ( (SCILAL) ) 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 Shipping Corp ( (SCILAL) ) 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 Shipping Corp ( (SCILAL) ) based on a mid to longer 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.

ADX buy sell signal for Shipping Corp stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Shipping Corp 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shipping Corp 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 negative zone. This is the SELL zone

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

Stock of Shipping Corp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 91.64 and Shipping Corp (SCILAL) 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 Shipping Corp (SCILAL) stock. Volume based technical analysis of Shipping Corp (SCILAL) stock is negative.

Shipping Corp 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.