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(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 570677

Date Daily Closing Price Open High Low Volume
24 Mon Jan 2022 39.00 42.50 44.80 37.80 0.788 times
21 Fri Jan 2022 43.45 45.65 47.00 42.20 1.001 times
20 Thu Jan 2022 45.85 45.10 47.95 43.40 1.791 times
19 Wed Jan 2022 45.25 40.75 45.90 40.30 1.754 times
18 Tue Jan 2022 40.75 39.60 44.35 38.15 1.616 times
17 Mon Jan 2022 38.95 37.50 39.75 37.10 0.864 times
14 Fri Jan 2022 37.40 35.90 38.00 35.70 0.424 times
13 Thu Jan 2022 36.00 36.75 37.65 34.80 0.696 times
12 Wed Jan 2022 36.35 37.65 38.40 36.20 0.257 times
11 Tue Jan 2022 37.35 37.50 39.40 36.25 0.895 times

My analysis of stock is bullish for shortterm, and stock might move up till 41.1 or till 45.3. Use a stoploss of 37.58 and if this stock hits its stoploss, then it can fall down till 34.06

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 25.70
Downside Target 27.05
Downside Target 30.80
Downside Target 31.50
Downside Target 33.55
Downside Target 36.45
Downside Target 37.80
Downside Target 37.95
Upside Target 39.40
Upside Target 44.80
Upside Target 47.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 36.27
Downside Intraday Target 33.53
Upside Intraday Target 43.27
Upside Intraday Target 47.53
Upside Intraday Target 40.53

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
24 Mon Jan 2022 39.00 42.50 44.80 37.80 0.112 times
21 Fri Jan 2022 43.45 37.50 47.95 37.10 2.361 times
14 Fri Jan 2022 37.40 35.30 39.40 33.85 2.192 times
07 Fri Jan 2022 34.65 35.95 36.45 33.55 0.443 times
31 Fri Dec 2021 35.95 32.05 37.95 30.80 1.997 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
24 Mon Jan 2022 39.00 35.95 47.95 33.55 1.596 times
31 Fri Dec 2021 35.95 28.35 37.95 27.05 2.591 times
30 Tue Nov 2021 27.20 27.50 31.50 25.70 0.908 times
29 Fri Oct 2021 27.50 29.70 32.05 27.45 1.016 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Pennar Steel (PennarSteel)

Indicator Name Indicator Value Indicator Signal
ADX 27, 19, 18 Buy
MACD 5, 5Buy
Stochastics 62None
CCI 8Sell
RSI 56Buy
OBV 4038492Sell
VWAP 42Sell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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 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 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 BUY signal for Pennar Steel in short term and the buy signal is strong.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 41.53 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 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.

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