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(SHALBY) Shalby complete technical analysis [charts+indicators] | Buy/Sell Shalby | (SHALBY) share price targets

Complete technical analysis of Shalby (SHALBY) by charts plus indicators, forecast predictions and share price targets for Shalby (SHALBY)

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Shalby is 328454

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	298.95	297.95	304.30	297.10	0.402 times
15 Thu Feb 2024	297.95	303.95	306.75	295.15	0.589 times
14 Wed Feb 2024	300.05	290.90	301.00	289.20	0.439 times
13 Tue Feb 2024	293.15	291.65	296.40	287.80	0.458 times
12 Mon Feb 2024	290.75	295.95	307.00	288.00	0.826 times
09 Fri Feb 2024	295.80	304.00	307.15	293.50	0.805 times
08 Thu Feb 2024	303.95	311.45	315.40	302.15	0.744 times
07 Wed Feb 2024	311.45	321.90	330.00	308.05	2.26 times
06 Tue Feb 2024	320.70	318.30	328.95	316.95	1.145 times
05 Mon Feb 2024	316.35	308.20	332.00	308.20	2.002 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 298.1 as stoploss in an intra day buy trade for a target of 306.29. However, stock will show a bearish move below 298.1.

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	229.00
Downside Target	277.60
Downside Target	286.60
Upside Target	317.95
Upside Target	321.95
Upside Target	327.35
Upside Target	329.60
Upside Target	332.00
Upside Target	339.50

Intraday share price targets for Shalby (SHALBY)

Target Type	Value
Downside Intraday Target	288.83
Downside Intraday Target	278.72
Upside Intraday Target	308.03
Upside Intraday Target	317.12
Downside Intraday Target	297.92

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	298.95	295.95	307.00	287.80	0.39 times
09 Fri Feb 2024	295.80	308.20	332.00	293.50	2.564 times
02 Fri Feb 2024	308.20	310.00	317.95	303.35	0.659 times
25 Thu Jan 2024	309.90	316.05	339.50	298.65	0.688 times
19 Fri Jan 2024	315.55	303.90	321.95	287.15	2.111 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 Shalby (SHALBY)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	298.95	310.20	332.00	287.80	0.641 times
31 Wed Jan 2024	307.75	303.90	339.50	287.15	0.692 times
29 Fri Dec 2023	302.60	308.00	329.60	286.60	0.512 times
30 Thu Nov 2023	306.55	286.20	327.35	277.60	0.896 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 Shalby (SHALBY)

Price action analysis of Shalby ( (SHALBY) ) based on a short 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.

Price action analysis of Shalby ( (SHALBY) ) 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 Shalby ( (SHALBY) ) 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 Shalby ( (SHALBY) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Shalby stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shalby in short term and the sell signal is strong.

Shalby 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 buy signal for Shalby in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Stock of Shalby is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 307.19 and Shalby (SHALBY) 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 Shalby (SHALBY) stock. Volume based technical analysis of Shalby (SHALBY) stock is negative.

Shalby Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.