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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 27430

Date Daily Closing Price Open High Low Volume
14 Wed Apr 2021 25.00 25.00 25.31 25.00 0.777 times
13 Tue Apr 2021 24.82 24.87 25.05 24.77 1.17 times
12 Mon Apr 2021 24.70 24.60 24.94 24.60 1.167 times
09 Fri Apr 2021 24.10 24.75 25.18 24.10 1.506 times
08 Thu Apr 2021 24.21 24.18 24.34 23.95 2.388 times
07 Wed Apr 2021 23.44 23.67 23.72 23.44 0.365 times
06 Tue Apr 2021 23.69 23.28 23.69 23.28 0.452 times
05 Mon Apr 2021 23.30 23.61 23.61 23.28 0.933 times
01 Thu Apr 2021 23.60 23.62 23.67 23.51 0.561 times
31 Wed Mar 2021 23.64 23.67 23.69 23.47 0.984 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 24.5, but if it comes below 24.5, then a intra day sell could be more profitable.
If you take a sell trade below 24.5, then use 24.5 as stoploss and 23.92 as target. However if you take a buy trade in stock , then use 24.5 as stoploss and 25.3 as target.

Share price targets for Sinopec Shangai (SHI)

Target Type Value
Downside Target 20.28
Downside Target 21.23
Downside Target 22.22
Downside Target 23.00
Downside Target 24.25
Downside Target 24.60
Upside Target 25.07
Upside Target 25.15
Upside Target 25.18
Upside Target 25.31
Upside Target 25.58

Intraday share price targets for Sinopec Shangai (SHI)

Target Type Value
Downside Intraday Target 24.63
Downside Intraday Target 24.26
Upside Intraday Target 25.34
Upside Intraday Target 25.68
Downside Intraday Target 24.97

Weekly technical analysis of Sinopec Shangai (SHI)

Date Weekly Closing Price Open High Low Volume
14 Wed Apr 2021 25.00 24.60 25.31 24.60 0.552 times
09 Fri Apr 2021 24.10 23.61 25.18 23.28 1.714 times
01 Thu Apr 2021 23.60 23.75 24.09 23.47 0.855 times
26 Fri Mar 2021 23.47 24.25 24.25 22.44 1.528 times
19 Fri Mar 2021 24.28 24.99 25.07 23.78 0.405 times

Price has moved up 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
14 Wed Apr 2021 25.00 23.62 25.31 23.28 0.404 times
31 Wed Mar 2021 23.64 24.40 25.15 22.44 1.087 times
26 Fri Feb 2021 24.06 22.25 25.58 22.22 0.988 times
29 Fri Jan 2021 21.92 21.23 24.05 21.23 0.577 times

Scroll below to view daily charts

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 39, 18, 38 Buy
MACD 0, 0Buy
Stochastics 80Buy
CCI 117Buy
RSI 59Buy
OBV -2100Sell
VWAP 24Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) 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 Sinopec Shangai ( (SHI) ) based on a mid to longer 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.

ADX buy sell signal for Sinopec Shangai stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sinopec Shangai 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.

Sinopec Shangai 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sinopec Shangai in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sinopec Shangai is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.16 and Sinopec Shangai (SHI) 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 Sinopec Shangai (SHI) stock. Volume based technical analysis of Sinopec Shangai (SHI) stock is negative.

Sinopec Shangai 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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