Shezan International Ltd
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Technical Analysis of Shezan International Ltd
The psychology behind the price
Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.
General trend
First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Shezan International Ltd. The general trend of Shezan International Ltd is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Shezan International Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.
Indicator phases
Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:
Indicator State | Bullish trend | Bearish trend | |
---|---|---|---|
Overbought to neutral | Bullish pullback | = | Bearish reversal |
Upper to lower neutral | Bullish correction | = | Bearish continuation |
Nuetral to oversold | Oversold | = | Oversold |
Oversold to neutral | Bullish reversal | = | Bearish correction |
Lower to upper neutral | Bullish continuation | = | Bearish pullback |
Nuetral to overbought | Overbought | = | Overbought |
1. Price Targets
1.1 Support & Resistance
Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.
Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.
Score
Let's take a look at the Support & Resistance of Shezan International Ltd.
The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).
- Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1
The bullish price targets are: 150.76 < 155.66 < 158.21.
The bearish price targets are: 121.99 > 120.75 > 115.00.
Tweet this2. Trend Indicators
2.1 Moving Averages
- Moving averages are lagging trend indicators.
- There are many types of moving averages.
- Moving averages are also used within other indicators.
Score
Let's take a look at the Moving Averages of Shezan International Ltd. The current mas is .
Directionalities and relatives.
Moving Average | Amount of candles | Trend | Price +/- | vs. MA 50 | vs. MA 100 | vs. MA 200 |
---|
Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I
2.2 Moving Average Convergence/Divergence (MACD)
- MACD is a lagging momentum indicator.
- Uses two moving averages.
- Can show buy or sell signals based on momentum.
- Can show overbought. and oversold. levels.
Score
Let's take a look at the Moving Average Convergence/Divergence (MACD) of Shezan International Ltd.
2.3 Directional Movement Index (DMI)
The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.
Score
Let's take a look at the Directional Movement Index (DMI) of Shezan International Ltd. The current adx is .
2.4 Parabolic SAR
- Parabolic SAR (stop and reverse) is a lagging trend indicator.
- Shows the current trend.
- Shows potential entry signals.
- Shows  potential exit signals.
- Can be used to place trailing stoplosses..
Score
Let's take a look at the Parabolic SAR of Shezan International Ltd.
3. Momentum Indicators
3.1 Relative Strength Index (RSI)
- Leading momentum indicator, meaning the signals are instant.
- Ranges between 0 and 100.
- Above 70 is considered overbought.
- Below 30 is considered oversold.
- Above or below 50 can also be used to determine price trend or support and resistance.
- RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
- Can be used in many different ways
Score
Let's take a look at the Relative Strength Index (RSI) of Shezan International Ltd.
3.2 Stochastic Oscillator
- Leading momentum indicator, meaning the signals are instant.
- Used to determine overbought and oversold areas much like the RSI.
- Ranges between 0 and 100.
- Above 80 is considered overbought.
- Below 20 is considered oversold.
- Consists of two lines named K and D.
- K compares the highest high and lowest low on the selected price range.
- The D line is a moving average of the K line.
- Can be used to spot divergences
Score
Let's take a look at the Stochastic Oscillator of Shezan International Ltd.
3.3 Commodity Channel Index (CCI)
- Lagging or leading Momentum indicator
- When the CCI is above zero, the price is above the historical average
- When the CCI is below zero, the price is below the historical average
- Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend
Score
Let's take a look at the Commodity Channel Index (CCI) of Shezan International Ltd.
3.4 Chande Momentum Oscillator (CMO)
- Lagging momentum indicator
- Ranges between +100 and -100
- Considered overbought above +50
- Considered oversold below -50
- It's possible to add a moving average that acts as a signal line
Score
Let's take a look at the Chande Momentum Oscillator (CMO) of Shezan International Ltd.
3.5 Williams %R
- Lagging momentum indicator
- Ranging between 0 and -100
- Above -20 is considered overbought
- Below -80 is considered oversold
- Is prone to give false signals
Score
Let's take a look at the Williams %R of Shezan International Ltd.
4. Volatility Indicators
4.1 Bollinger Bands
- Lagging volatility indicator
- Uses 3 bands: one upper, one lower and one in the middle
- Works best when the middle band reflects an intermediate trend (MA20).
- When the price is moving closer to the upper band, the market might be overbought
- When the price is moving closer to the lower band, the market might be oversoldÂ
Score
Let's take a look at the Bollinger Bands of Shezan International Ltd.
4.2 Average True Range (ATR)
- Leading volatility indicator
- Can be used to determine stop-loss positions
- Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
- The larger the range of the candles, the greater the ATR value
Score
Let's take a look at the Average True Range (ATR) of Shezan International Ltd.
5. Volume Indicators
5.1 On-Balance Volume (OBV)
- Leading momentum indicator
- Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
- Can be used to confirm price trends
- Can be used with divergences
Score
Let's take a look at the On-Balance Volume (OBV) of Shezan International Ltd.
5.2 Money Flow Index (MFI)
- Lagging momentum indicator
- Looks like RSI but uses volume as an extra metric (RSI only considers price)
- Above 80 is considered overbought
- Below 20 is considered oversold
- Can be used with divergences
Score
Let's take a look at the Money Flow Index (MFI) of Shezan International Ltd.
6. Summary
6.1. Notifications
Type | Notification | Date |
---|---|---|
Golden Cross | Golden Cross | 2024-12-17 |
6.2. Trading Signals
Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.
Date | Indicator | Signal | ||
---|---|---|---|---|
2024-08-07 | WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside |
MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside | |
2024-08-08 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
MFI | SHORT ENTRY | LONG CLOSE | 20 crossover to downside | |
2024-08-09 | MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside |
2024-08-12 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
2024-08-13 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-08-16 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
2024-08-19 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
2024-08-20 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
RSI | LONG ENTRY | SHORT CLOSE | 30 crossover to upside | |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
MFI | SHORT ENTRY | LONG CLOSE | 20 crossover to downside | |
2024-08-21 | CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside |
MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside | |
2024-08-22 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
MFI | SHORT ENTRY | LONG CLOSE | 20 crossover to downside | |
2024-08-23 | CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside |
2024-08-26 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
2024-08-27 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside | |
2024-08-29 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-08-30 | CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
2024-09-02 | WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside |
2024-09-04 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
2024-09-05 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-09-06 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
2024-09-12 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-09-13 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-09-18 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-09-19 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-09-20 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-09-23 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-09-24 | BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. |
2024-09-25 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
MFI | SHORT ENTRY | LONG CLOSE | 20 crossover to downside | |
2024-09-26 | MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside |
2024-09-27 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-09-30 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. | |
SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside | |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside | |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). | |
2024-10-03 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-10-04 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-10-07 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-10-09 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
2024-10-10 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-10-11 | WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside |
2024-10-14 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-10-16 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
2024-10-21 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-10-22 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
2024-10-24 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-10-25 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
2024-10-28 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-10-29 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-10-30 | ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). |
2024-11-01 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-11-04 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-11-05 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-11-07 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-11-08 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-11-11 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-11-13 | WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside |
2024-11-15 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
MFI | LONG ENTRY | SHORT CLOSE | 80 crossover to upside | |
2024-11-18 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
MFI | SHORT ENTRY | LONG CLOSE | 80 crossover to downside | |
2024-11-19 | RSI | SHORT ENTRY | LONG CLOSE | 70 crossover to downside |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-11-20 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
MFI | LONG ENTRY | SHORT CLOSE | 80 crossover to upside | |
2024-11-21 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-11-22 | MFI | SHORT ENTRY | LONG CLOSE | 80 crossover to downside |
2024-11-25 | RSI | SHORT ENTRY | LONG CLOSE | 70 crossover to downside |
2024-11-28 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-11-29 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
2024-12-03 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-12-04 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-12-05 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
2024-12-09 | WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside |
2024-12-10 | RSI | SHORT ENTRY | LONG CLOSE | 70 crossover to downside |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-12-11 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
WILLR | LONG ENTRY | SHORT CLOSE | -20 crossover to upside | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
2024-12-12 | RSI | SHORT ENTRY | LONG CLOSE | 70 crossover to downside |
2024-12-13 | BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. |
2024-12-16 | ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). |
MFI | LONG ENTRY | SHORT CLOSE | 80 crossover to upside | |
2024-12-17 | ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). |
2024-12-18 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-12-19 | RSI | SHORT ENTRY | LONG CLOSE | 70 crossover to downside |
ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). | |
MFI | SHORT ENTRY | LONG CLOSE | 80 crossover to downside | |
2024-12-20 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
MFI | LONG ENTRY | SHORT CLOSE | 80 crossover to upside |
6.3. Candlestick Patterns
Date | Candlestick Pattern |
---|
6.4. Technical Score
Let's check the technical score of Shezan International Ltd based on Penke's default Symbol scanner.
Penke's Symbol Scanner
Indicator | Condition | Value | ||
---|---|---|---|---|
Open | Greater than | Close | 126.900 | |
Total | 0/1 (0.0%) |
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