(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)
Showing technical analysis as on 2021-06-25 View latest technical analysis
10 day averaged volume of Pennar Steel is 280238
|Date||Daily Closing Price||Open||High||Low||Volume|
|25 Fri Jun 2021||26.50||26.60||27.25||25.75||0.807 times|
|24 Thu Jun 2021||26.10||26.90||27.25||25.70||0.327 times|
|23 Wed Jun 2021||26.65||27.50||27.50||26.45||0.486 times|
|22 Tue Jun 2021||27.20||28.00||28.00||27.05||0.653 times|
|21 Mon Jun 2021||27.10||26.75||27.80||25.25||0.812 times|
|18 Fri Jun 2021||26.25||27.40||27.40||23.70||1.71 times|
|17 Thu Jun 2021||26.90||27.30||28.05||26.80||1.002 times|
|16 Wed Jun 2021||27.60||28.50||28.50||27.20||1.201 times|
|15 Tue Jun 2021||27.90||28.75||29.25||27.60||0.857 times|
|14 Mon Jun 2021||28.35||27.80||28.75||26.10||1.599 times|
My analysis of stock is bearish for shortterm, and stock might move down till 25.9 or till 24.7. Use a stoploss of 26.86 and if the stock hits stoploss, then it can shoot up till 27.85
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||25.17|
|Downside Intraday Target||23.83|
|Upside Intraday Target||27.92|
|Upside Intraday Target||29.33|
|Upside Intraday Target||26.58|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|25 Fri Jun 2021||26.50||26.75||28.00||25.25||0.484 times|
|18 Fri Jun 2021||26.25||27.80||29.25||23.70||0.574 times|
|11 Fri Jun 2021||27.30||28.95||29.50||26.75||0.867 times|
|04 Fri Jun 2021||26.30||24.50||28.00||23.50||1.035 times|
|28 Fri May 2021||24.50||20.50||25.00||20.05||6.019 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|
|25 Fri Jun 2021||26.50||25.80||29.50||23.50||1.233 times|
|31 Mon May 2021||25.45||18.00||25.95||17.75||8.553 times|
|30 Fri Apr 2021||18.00||16.65||19.50||16.40||0.544 times|
|31 Wed Mar 2021||16.25||20.70||21.70||16.25||3.002 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||16, 23, 18||Sell|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY 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 27.17 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.