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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 2024-05-31 View latest technical analysis

10 day averaged volume of Shalby is 187081

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	258.20	266.00	270.00	256.65	1.282 times
30 Thu May 2024	265.85	270.00	272.90	265.00	0.485 times
29 Wed May 2024	270.30	265.00	271.95	260.00	1.268 times
28 Tue May 2024	267.10	281.95	284.95	265.05	4.268 times
27 Mon May 2024	279.85	279.10	284.95	275.05	1.195 times
24 Fri May 2024	277.75	268.05	278.65	266.10	0.912 times
23 Thu May 2024	267.60	272.05	273.20	266.85	0.338 times
22 Wed May 2024	272.20	267.15	274.40	266.05	0.343 times
21 Tue May 2024	269.90	281.10	281.10	268.85	0.394 times
18 Sat May 2024	277.10	275.00	282.90	275.00	0.146 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 257.1, for a target of 263.8 or 269.44

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	210.35
Downside Target	240.00
Downside Target	255.00
Upside Target	275.85
Upside Target	282.90
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	248.25
Downside Intraday Target	238.3
Upside Intraday Target	276.55
Upside Intraday Target	294.9
Upside Intraday Target	266.6

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	258.20	279.10	284.95	256.65	4.276 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
31 Fri May 2024	258.20	278.70	284.95	255.00	0.638 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 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 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 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 Strong 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 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 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 269.12 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.