(PennarSteel) Pennar Steel complete technical analysis [charts+indicators] | Buy/Sell Pennar Steel | (PennarSteel) share price targets
Complete technical analysis of Pennar Steel (PennarSteel) by charts plus indicators, forecast predictions and share price targets for Pennar Steel (PennarSteel)
10 day averaged volume of Pennar Steel is 78824
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri Sep 2022 | 45.20 | 47.70 | 48.45 | 45.05 | 0.69 times |
| 22 Thu Sep 2022 | 48.05 | 48.90 | 49.25 | 47.50 | 0.37 times |
| 21 Wed Sep 2022 | 48.50 | 48.95 | 50.10 | 47.75 | 0.944 times |
| 20 Tue Sep 2022 | 48.90 | 46.10 | 49.60 | 46.10 | 1.15 times |
| 19 Mon Sep 2022 | 46.60 | 45.40 | 47.35 | 45.05 | 0.684 times |
| 16 Fri Sep 2022 | 45.40 | 47.95 | 48.75 | 44.00 | 1.602 times |
| 15 Thu Sep 2022 | 47.35 | 48.00 | 48.45 | 47.00 | 0.271 times |
| 14 Wed Sep 2022 | 47.85 | 47.95 | 48.30 | 46.10 | 0.857 times |
| 13 Tue Sep 2022 | 47.80 | 46.95 | 48.35 | 46.95 | 0.924 times |
| 12 Mon Sep 2022 | 47.50 | 48.10 | 49.00 | 47.25 | 0.826 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.3 as stoploss in an intra day buy trade for a target of 46.43. However, stock will show a bearish move below 44.3.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 31.05 |
| Downside Target | 33.00 |
| Downside Target | 35.75 |
| Downside Target | 36.65 |
| Downside Target | 38.45 |
| Downside Target | 40.85 |
| Downside Target | 44.00 |
| Downside Target | 45.00 |
| Upside Target | 46.05 |
| Upside Target | 46.50 |
| Upside Target | 49.00 |
| Upside Target | 50.10 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 43.47 |
| Downside Intraday Target | 41.73 |
| Upside Intraday Target | 48.52 |
| Upside Intraday Target | 51.83 |
| Upside Intraday Target | 46.78 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri Sep 2022 | 45.20 | 45.40 | 50.10 | 45.05 | 0.856 times |
| 16 Fri Sep 2022 | 45.40 | 48.10 | 49.00 | 44.00 | 0.286 times |
| 09 Fri Sep 2022 | 47.80 | 46.65 | 50.10 | 45.00 | 1.746 times |
| 02 Fri Sep 2022 | 46.20 | 39.15 | 46.50 | 39.15 | 0.835 times |
| 26 Fri Aug 2022 | 42.75 | 44.50 | 46.05 | 40.85 | 1.62 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 Pennar Steel (PennarSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Fri Sep 2022 | 45.20 | 42.55 | 50.10 | 42.00 | 1.345 times |
| 30 Tue Aug 2022 | 42.65 | 39.85 | 46.05 | 36.65 | 2.231 times |
| 29 Fri Jul 2022 | 38.55 | 36.30 | 41.35 | 35.75 | 1.469 times |
| 30 Thu Jun 2022 | 36.20 | 36.85 | 38.45 | 31.05 | 0.416 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 Pennar Steel (PennarSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 19, 24, 13 | Sell |
| MACD | 3, 4 | Sell |
| Stochastics | 53 | None |
| CCI | -108 | Sell |
| RSI | 52 | Buy |
| OBV | 996644 | Sell |
| VWAP | 47 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term and SELL 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 Pennar Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 47.23 and Pennar Steel (PennarSteel) 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 Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.
Pennar Steel Stock has given negative 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.
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