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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 2024-02-21 View latest technical analysis

10 day averaged volume of Shalby is 237954

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	293.80	299.30	301.70	292.35	0.528 times
20 Tue Feb 2024	297.90	303.75	305.90	296.05	0.673 times
19 Mon Feb 2024	302.75	300.75	303.60	298.95	0.325 times
16 Fri Feb 2024	298.95	297.95	304.30	297.10	0.555 times
15 Thu Feb 2024	297.95	303.95	306.75	295.15	0.812 times
14 Wed Feb 2024	300.05	290.90	301.00	289.20	0.606 times
13 Tue Feb 2024	293.15	291.65	296.40	287.80	0.632 times
12 Mon Feb 2024	290.75	295.95	307.00	288.00	1.14 times
09 Fri Feb 2024	295.80	304.00	307.15	293.50	1.111 times
08 Thu Feb 2024	303.95	311.45	315.40	302.15	1.027 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 296.3, but if it comes above 296.3, then a intra day buy could be more profitable.
If you take a sell trade below 296.3, then use 296.3 as stoploss and 286.6 as target. However if you take a buy trade in stock , then use 296.3 as stoploss and 304.42 as target.

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	229.00
Downside Target	277.60
Downside Target	286.60
Upside Target	307.00
Upside Target	317.95
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	288.8
Downside Intraday Target	283.8
Upside Intraday Target	302.35
Upside Intraday Target	310.9
Upside Intraday Target	297.35

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	293.80	300.75	305.90	292.35	0.407 times
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

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 Shalby (SHALBY)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	293.80	310.20	332.00	287.80	0.704 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Shalby ( (SHALBY) ) based on a short 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shalby stock for short term is SELL. 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shalby in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 297.1 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.