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

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

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

Showing technical analysis as on 2023-03-17 View latest technical analysis

10 day averaged volume of Parnaxlab is 11716

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	59.30	59.20	62.00	59.20	0.269 times
16 Thu Mar 2023	60.00	61.00	61.00	57.15	0.073 times
15 Wed Mar 2023	58.57	60.90	60.90	57.00	0.333 times
14 Tue Mar 2023	58.30	58.80	60.00	56.35	1.094 times
13 Mon Mar 2023	58.52	61.91	61.91	57.50	1.219 times
10 Fri Mar 2023	61.91	61.00	65.00	60.26	1.456 times
09 Thu Mar 2023	63.02	67.40	67.40	60.65	2.157 times
08 Wed Mar 2023	62.51	60.65	64.70	60.65	0.112 times
06 Mon Mar 2023	62.03	61.63	68.50	61.00	1.388 times
03 Fri Mar 2023	61.63	62.94	63.77	60.65	1.871 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.5, but if it comes above 59.5, then a intra day buy could be more profitable.
If you take a sell trade below 59.5, then use 59.5 as stoploss and 55.3 as target. However if you take a buy trade in stock , then use 59.5 as stoploss and 62.9 as target.

Share price targets for Parnaxlab (Parnaxlab)

Target Type	Value
Downside Target	56.35
Downside Target	58.10
Upside Target	60.26
Upside Target	63.55
Upside Target	68.50
Upside Target	70.40
Upside Target	72.20
Upside Target	77.00
Upside Target	78.45
Upside Target	79.40
Upside Target	79.85
Upside Target	90.00

Intraday share price targets for Parnaxlab (Parnaxlab)

Target Type	Value
Downside Intraday Target	56.43
Downside Intraday Target	53.57
Upside Intraday Target	62.08
Upside Intraday Target	64.87
Downside Intraday Target	59.22

Weekly technical analysis of Parnaxlab (Parnaxlab)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	59.30	61.91	62.00	56.35	0.584 times
10 Fri Mar 2023	61.91	61.63	68.50	60.26	0.837 times
03 Fri Mar 2023	61.63	62.10	77.00	58.80	1.595 times
24 Fri Feb 2023	63.70	68.00	70.95	63.55	0.806 times
17 Fri Feb 2023	69.50	72.45	79.85	58.50	1.276 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 Parnaxlab (Parnaxlab)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	59.30	64.15	68.50	56.35	0.635 times
28 Tue Feb 2023	60.75	61.65	79.85	58.10	3.053 times
31 Tue Jan 2023	64.90	74.95	78.45	61.10	0.718 times
30 Fri Dec 2022	72.80	74.00	79.40	70.40	0.884 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 Parnaxlab (Parnaxlab)

Price action analysis of Parnaxlab ( (Parnaxlab) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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

Parnaxlab Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Parnaxlab in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Parnaxlab is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.11 and Parnaxlab (Parnaxlab) 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 Parnaxlab (Parnaxlab) stock. Volume based technical analysis of Parnaxlab (Parnaxlab) stock is negative.

Parnaxlab 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.