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(SCHN) Schnitzer Steel complete technical analysis [charts+indicators] | Buy/Sell Schnitzer Steel | (SCHN) share price targets

Complete technical analysis of Schnitzer Steel (SCHN) by charts plus indicators, forecast predictions and share price targets for Schnitzer Steel (SCHN)

Schnitzer Steel trades in USA in Consumer Durables sector.

10 day averaged volume of Schnitzer Steel is 122310

Date Daily Closing Price Open High Low Volume
31 Thu Aug 2023 33.20 33.54 33.92 33.13 0.691 times
30 Wed Aug 2023 33.39 32.72 33.51 32.72 1.272 times
29 Tue Aug 2023 32.92 32.32 33.01 32.22 0.709 times
28 Mon Aug 2023 32.38 32.37 32.86 32.22 0.878 times
28 Mon Aug 2023 32.38 32.37 32.86 32.22 0.878 times
25 Fri Aug 2023 32.07 31.52 32.16 31.30 1.23 times
24 Thu Aug 2023 31.42 31.44 31.71 31.13 0.77 times
23 Wed Aug 2023 31.70 31.69 32.00 31.55 0.935 times
22 Tue Aug 2023 31.72 31.92 32.20 31.44 1.357 times
21 Mon Aug 2023 31.76 32.30 32.82 31.73 0.87 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 33.4, for a target of 32.7 or 32.12

Share price targets for Schnitzer Steel (SCHN)

Target Type Value
Downside Target 26.83
Downside Target 29.95
Downside Target 31.02
Downside Target 32.22
Downside Target 32.82
Downside Target 32.86
Downside Target 33.05
Upside Target 33.45
Upside Target 33.76
Upside Target 33.92
Upside Target 35.93
Upside Target 36.64

Intraday share price targets for Schnitzer Steel (SCHN)

Target Type Value
Downside Intraday Target 32.31
Downside Intraday Target 31.41
Upside Intraday Target 34.01
Upside Intraday Target 34.81
Downside Intraday Target 33.11

Weekly technical analysis of Schnitzer Steel (SCHN)

Date Weekly Closing Price Open High Low Volume
31 Thu Aug 2023 33.20 32.37 33.92 32.22 4.043 times
28 Mon Aug 2023 32.38 32.37 32.86 32.22 0.17 times
25 Fri Aug 2023 32.07 32.30 32.82 31.13 0.92 times
18 Fri Aug 2023 32.37 31.73 33.05 31.20 0.817 times
11 Fri Aug 2023 31.59 33.24 33.45 31.02 0.748 times

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

Monthly technical analysis of Schnitzer Steel (SCHN)

Date Monthly Closing Price Open High Low Volume
31 Thu Aug 2023 33.20 35.90 35.93 31.02 0.733 times
31 Mon Jul 2023 36.21 29.91 36.64 27.20 0.948 times
30 Fri Jun 2023 29.99 27.57 33.76 27.29 1.473 times
31 Wed May 2023 27.51 29.12 29.95 26.83 0.833 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 Schnitzer Steel (SCHN)

Price action analysis of Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Schnitzer Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Schnitzer Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Schnitzer Steel in short term and BUY 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

Stock of Schnitzer Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.28 and Schnitzer Steel (SCHN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Schnitzer Steel (SCHN) stock. Volume based technical analysis of Schnitzer Steel (SCHN) stock is negative.

Schnitzer Steel Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel ( (SCHN) ) 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 Schnitzer Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Schnitzer Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Schnitzer Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Schnitzer Steel in short term and BUY 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

Stock of Schnitzer Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.28 and Schnitzer Steel (SCHN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Schnitzer Steel (SCHN) stock. Volume based technical analysis of Schnitzer Steel (SCHN) stock is negative.

Schnitzer Steel Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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