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(SHI) Sinopec Shangai complete technical analysis [charts+indicators] | Buy/Sell Sinopec Shangai | (SHI) share price targets

Complete technical analysis of Sinopec Shangai (SHI) by charts plus indicators, forecast predictions and share price targets for Sinopec Shangai (SHI)

Sinopec Shangai trades in USA in Basic Industries sector.

10 day averaged volume of Sinopec Shangai is 43980

Date Daily Closing Price Open High Low Volume
02 Fri Sep 2022 15.34 15.32 15.44 15.28 0.327 times
02 Fri Sep 2022 15.34 15.32 15.44 15.28 0.327 times
01 Thu Sep 2022 15.44 15.31 15.46 15.26 0.493 times
31 Wed Aug 2022 15.45 15.55 15.55 15.36 1.044 times
30 Tue Aug 2022 15.66 15.76 15.79 15.53 0.834 times
29 Mon Aug 2022 15.92 15.81 16.03 15.76 1.362 times
26 Fri Aug 2022 15.95 15.97 16.08 15.84 1.53 times
25 Thu Aug 2022 15.85 15.99 15.99 15.63 1.166 times
24 Wed Aug 2022 15.94 15.84 16.00 15.72 1.364 times
23 Tue Aug 2022 15.89 15.84 15.98 15.60 0.939 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 15.2, for a target of 15.5 or 15.76

Share price targets for Sinopec Shangai (SHI)

Target Type Value
Downside Target 14.97
Upside Target 16.03
Upside Target 16.08
Upside Target 16.09
Upside Target 16.24
Upside Target 16.81
Upside Target 16.97
Upside Target 17.25
Upside Target 19.70
Upside Target 20.20

Intraday share price targets for Sinopec Shangai (SHI)

Target Type Value
Downside Intraday Target 15.27
Downside Intraday Target 15.19
Upside Intraday Target 15.43
Upside Intraday Target 15.51
Upside Intraday Target 15.35

Weekly technical analysis of Sinopec Shangai (SHI)

Date Weekly Closing Price Open High Low Volume
02 Fri Sep 2022 15.34 15.32 15.44 15.28 0.081 times
02 Fri Sep 2022 15.34 15.81 16.03 15.26 0.812 times
26 Fri Aug 2022 15.95 15.84 16.08 15.60 2.034 times
23 Tue Aug 2022 15.89 15.48 15.98 15.47 0.22 times
19 Fri Aug 2022 15.80 15.26 16.09 14.97 2.403 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 Sinopec Shangai (SHI)

Date Monthly Closing Price Open High Low Volume
02 Fri Sep 2022 15.34 15.31 15.46 15.26 0.041 times
31 Wed Aug 2022 15.45 16.18 16.24 14.97 3.893 times
29 Fri Jul 2022 16.39 16.88 16.97 15.68 0.91 times
30 Thu Jun 2022 16.92 19.80 20.20 16.81 0.944 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 Sinopec Shangai (SHI)

Price action analysis of Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Sinopec Shangai 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 Sinopec Shangai in short term

RSI is generating a SELL signal in short term but selling is losing 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 Sinopec Shangai is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.78 and Sinopec Shangai (SHI) 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 Sinopec Shangai (SHI) stock. Volume based technical analysis of Sinopec Shangai (SHI) stock is negative.

Sinopec Shangai 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.

Price action analysis of Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Sinopec Shangai 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 Sinopec Shangai in short term

RSI is generating a SELL signal in short term but selling is losing 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 Sinopec Shangai is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.78 and Sinopec Shangai (SHI) 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 Sinopec Shangai (SHI) stock. Volume based technical analysis of Sinopec Shangai (SHI) stock is negative.

Sinopec Shangai 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.

Daily charts

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Daily chart
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