(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 28658
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 37.65 | 38.00 | 38.20 | 37.55 | 0.252 times |
| 11 Thu Aug 2022 | 38.00 | 38.75 | 38.75 | 37.90 | 0.626 times |
| 10 Wed Aug 2022 | 37.80 | 36.65 | 38.60 | 36.65 | 0.786 times |
| 08 Mon Aug 2022 | 37.60 | 37.80 | 38.60 | 37.30 | 0.592 times |
| 05 Fri Aug 2022 | 37.50 | 37.60 | 38.10 | 37.20 | 0.357 times |
| 04 Thu Aug 2022 | 37.75 | 37.80 | 38.00 | 37.20 | 1.922 times |
| 03 Wed Aug 2022 | 37.50 | 37.00 | 38.15 | 37.00 | 0.694 times |
| 02 Tue Aug 2022 | 37.50 | 37.90 | 38.40 | 37.40 | 1.625 times |
| 01 Mon Aug 2022 | 37.95 | 39.85 | 39.85 | 37.85 | 1.135 times |
| 30 Sat Jul 2022 | 38.55 | 38.65 | 38.85 | 37.95 | 1.176 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 37.4 as stoploss in an intra day buy trade for a target of 38.21. However, stock will show a bearish move below 37.4.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 31.05 |
| Downside Target | 33.00 |
| Downside Target | 34.55 |
| Downside Target | 35.75 |
| Downside Target | 36.50 |
| Upside Target | 39.85 |
| Upside Target | 39.95 |
| Upside Target | 40.75 |
| Upside Target | 41.15 |
| Upside Target | 41.35 |
| Upside Target | 42.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 36.62 |
| Downside Intraday Target | 35.58 |
| Upside Intraday Target | 38.72 |
| Upside Intraday Target | 39.78 |
| Upside Intraday Target | 37.68 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 37.65 | 37.80 | 38.75 | 36.65 | 0.393 times |
| 05 Fri Aug 2022 | 37.50 | 39.85 | 39.85 | 37.00 | 0.873 times |
| 30 Sat Jul 2022 | 38.55 | 38.30 | 39.95 | 36.55 | 0.835 times |
| 22 Fri Jul 2022 | 38.20 | 39.90 | 40.75 | 37.70 | 0.72 times |
| 15 Fri Jul 2022 | 38.80 | 36.50 | 41.35 | 36.50 | 4.294 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 Pennar Steel (PennarSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 37.65 | 39.85 | 39.85 | 36.65 | 0.285 times |
| 30 Sat 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 | 0.392 times |
| 31 Tue May 2022 | 36.55 | 39.15 | 41.15 | 33.00 | 0.498 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 Pennar Steel (PennarSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 20, 17, 8 | Buy |
| MACD | 0, 0 | Sell |
| Stochastics | 36 | None |
| CCI | -25 | Sell |
| RSI | 43 | Sell |
| OBV | 191489 | Sell |
| VWAP | 38 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is
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 BUY. Signal strength is Weak and stock is losing 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. Bears are weakening, and bulls 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 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 Pennar Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.81 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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