(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, 0 | Buy |
| Stochastics | 80 | Buy |
| CCI | 117 | Buy |
| RSI | 59 | Buy |
| OBV | -2100 | Sell |
| VWAP | 24 | Buy |
| ADL | 0 | Sell |
| ROC | 5 | Buy |
| Force Index | 0 | Sell |
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
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