(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 31304
|Date||Daily Closing Price||Open||High||Low||Volume|
|11 Thu Aug 2022||38.00||38.75||38.75||37.90||0.573 times|
|10 Wed Aug 2022||37.80||36.65||38.60||36.65||0.719 times|
|08 Mon Aug 2022||37.60||37.80||38.60||37.30||0.542 times|
|05 Fri Aug 2022||37.50||37.60||38.10||37.20||0.326 times|
|04 Thu Aug 2022||37.75||37.80||38.00||37.20||1.76 times|
|03 Wed Aug 2022||37.50||37.00||38.15||37.00||0.636 times|
|02 Tue Aug 2022||37.50||37.90||38.40||37.40||1.487 times|
|01 Mon Aug 2022||37.95||39.85||39.85||37.85||1.039 times|
|30 Sat Jul 2022||38.55||38.65||38.85||37.95||1.077 times|
|28 Thu Jul 2022||38.40||39.95||39.95||37.20||0.995 times|
My analysis of stock is bearish for shortterm, and stock might move down till 37.5 or till 36.5. Use a stoploss of 38.26 and if the stock hits stoploss, then it can shoot up till 39.06
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||36.85|
|Downside Intraday Target||35.7|
|Upside Intraday Target||38.95|
|Upside Intraday Target||39.9|
|Downside Intraday Target||37.8|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|11 Thu Aug 2022||38.00||37.80||38.75||36.65||0.349 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|
|11 Thu Aug 2022||38.00||39.85||39.85||36.65||0.276 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||21, 16, 15||Buy|
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 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 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 gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 moving up
CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 37.88 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.