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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 2024-08-12 View latest technical analysis

10 day averaged volume of Shalby is 212672

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	264.85	264.20	269.15	262.70	0.878 times
09 Fri Aug 2024	265.90	267.80	268.40	263.05	0.693 times
08 Thu Aug 2024	264.60	266.45	269.35	263.00	0.666 times
07 Wed Aug 2024	266.45	270.00	272.00	260.60	1.452 times
06 Tue Aug 2024	268.00	269.25	275.45	263.10	0.951 times
05 Mon Aug 2024	267.35	276.00	279.00	265.40	1.352 times
02 Fri Aug 2024	283.00	287.00	288.35	282.20	0.614 times
01 Thu Aug 2024	288.35	284.25	294.95	281.00	2.017 times
31 Wed Jul 2024	282.80	288.45	291.70	281.20	0.709 times
30 Tue Jul 2024	285.90	287.65	290.75	284.50	0.869 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 269, but if it comes above 269, then a intra day buy could be more profitable.
If you take a sell trade below 269, then use 269 as stoploss and 257.5 as target. However if you take a buy trade in stock , then use 269 as stoploss and 278.55 as target.

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	227.10
Downside Target	240.00
Downside Target	255.00
Downside Target	260.60
Upside Target	277.65
Upside Target	291.95
Upside Target	292.95
Upside Target	294.00
Upside Target	294.95
Upside Target	301.65
Upside Target	325.00

Intraday share price targets for Shalby (SHALBY)

Target Type	Value
Downside Intraday Target	261.98
Downside Intraday Target	259.12
Upside Intraday Target	268.43
Upside Intraday Target	272.02
Upside Intraday Target	265.57

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	264.85	264.20	269.15	262.70	0.172 times
09 Fri Aug 2024	265.90	276.00	279.00	260.60	1.047 times
02 Fri Aug 2024	283.00	281.30	294.95	280.45	0.753 times
26 Fri Jul 2024	279.95	281.05	292.95	269.00	0.255 times
19 Fri Jul 2024	283.75	285.00	301.65	277.65	1.281 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
12 Mon Aug 2024	264.85	284.25	294.95	260.60	0.125 times
31 Wed Jul 2024	282.80	268.15	325.00	267.40	4.581 times
28 Fri Jun 2024	266.80	261.95	291.95	227.10	0.975 times
31 Fri May 2024	258.20	278.70	284.95	255.00	0.638 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 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 SELL. Signal strength is Strong and stock is losing 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 274.54 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.