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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 2024-05-28 View latest technical analysis

10 day averaged volume of Shalby is 101436

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	267.10	281.95	284.95	265.05	7.872 times
27 Mon May 2024	279.85	279.10	284.95	275.05	2.203 times
24 Fri May 2024	277.75	268.05	278.65	266.10	1.682 times
23 Thu May 2024	267.60	272.05	273.20	266.85	0.623 times
22 Wed May 2024	272.20	267.15	274.40	266.05	0.633 times
21 Tue May 2024	269.90	281.10	281.10	268.85	0.726 times
18 Sat May 2024	277.10	275.00	282.90	275.00	0.268 times
17 Fri May 2024	275.85	274.50	279.90	269.80	1.201 times
16 Thu May 2024	269.40	273.00	275.20	267.05	0.739 times
15 Wed May 2024	272.25	267.90	276.45	267.15	0.808 times

Stock of Shalby (SHALBY) has showed a significant fall. This could be a good time to exit from this stock.

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 265.4 as stoploss in an intra day buy trade for a target of 270.58. However, stock will show a bearish move below 265.4.

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	210.35
Downside Target	240.00
Downside Target	255.00
Downside Target	260.80
Upside Target	275.85
Upside Target	283.20
Upside Target	284.95
Upside Target	287.15
Upside Target	294.00
Upside Target	332.00
Upside Target	339.50

Intraday share price targets for Shalby (SHALBY)

Target Type	Value
Downside Intraday Target	259.78
Downside Intraday Target	252.47
Upside Intraday Target	279.68
Upside Intraday Target	292.27
Upside Intraday Target	272.37

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	267.10	279.10	284.95	265.05	2.749 times
24 Fri May 2024	277.75	281.10	281.10	266.05	0.739 times
18 Sat May 2024	277.10	272.90	282.90	262.35	0.805 times
10 Fri May 2024	270.95	268.00	276.75	255.00	1.591 times
03 Fri May 2024	267.90	279.95	283.20	266.05	0.458 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalby (SHALBY)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Tue May 2024	267.10	278.70	284.95	255.00	0.528 times
30 Tue Apr 2024	277.30	240.25	294.00	240.00	0.947 times
28 Thu Mar 2024	239.10	269.30	275.85	210.35	0.989 times
29 Thu Feb 2024	269.30	310.20	332.00	260.80	0.965 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Shalby ( (SHALBY) ) based on a short to mid 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 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 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 but the sell signal is initial and weak.

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. Bulls are getting tired and bears are picking up momentum.

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 Shalby in short term and SELL signal is strong!

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

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 271.32 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.