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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 2024-02-23 View latest technical analysis

10 day averaged volume of Shalby is 170818

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	295.10	298.20	300.00	293.25	0.583 times
22 Thu Feb 2024	296.10	293.10	302.00	289.10	1.111 times
21 Wed Feb 2024	293.80	299.30	301.70	292.35	0.736 times
20 Tue Feb 2024	297.90	303.75	305.90	296.05	0.937 times
19 Mon Feb 2024	302.75	300.75	303.60	298.95	0.452 times
16 Fri Feb 2024	298.95	297.95	304.30	297.10	0.773 times
15 Thu Feb 2024	297.95	303.95	306.75	295.15	1.132 times
14 Wed Feb 2024	300.05	290.90	301.00	289.20	0.844 times
13 Tue Feb 2024	293.15	291.65	296.40	287.80	0.88 times
12 Mon Feb 2024	290.75	295.95	307.00	288.00	1.588 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 294.7 as stoploss in an intra day buy trade for a target of 302.8. However, stock will show a bearish move below 294.7.

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	287.5
Downside Intraday Target	279.9
Upside Intraday Target	304.3
Upside Intraday Target	313.5
Upside Intraday Target	296.7

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	295.10	300.75	305.90	289.10	0.732 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
23 Fri Feb 2024	295.10	310.20	332.00	287.80	0.755 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Shalby stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Shalby Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a buy signal for Shalby in short term but BUY signal is weak.

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 Shalby is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 295.98 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.