(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 52520
|Date||Daily Closing Price||Open||High||Low||Volume|
|27 Fri May 2022||37.05||37.00||37.40||36.50||0.345 times|
|26 Thu May 2022||36.40||37.40||37.65||34.95||1.231 times|
|25 Wed May 2022||36.95||38.10||38.70||36.40||1.316 times|
|24 Tue May 2022||38.00||38.45||38.45||37.30||0.674 times|
|23 Mon May 2022||37.80||39.25||39.25||36.75||0.656 times|
|20 Fri May 2022||37.65||38.50||38.60||37.40||0.683 times|
|19 Thu May 2022||37.80||36.45||38.00||36.00||0.85 times|
|18 Wed May 2022||37.40||37.25||38.00||36.90||0.847 times|
|17 Tue May 2022||36.80||37.00||37.45||36.25||0.919 times|
|16 Mon May 2022||36.35||34.95||36.75||34.60||1.086 times|
My analysis of stock is bearish for shortterm, and stock might move down till 35.7 or till 33.5. Use a stoploss of 37.45 and if the stock hits stoploss, then it can shoot up till 39.23
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||34.92|
|Downside Intraday Target||32.78|
|Upside Intraday Target||39.22|
|Upside Intraday Target||41.38|
|Upside Intraday Target||37.08|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|27 Fri May 2022||37.05||39.25||39.25||34.95||0.963 times|
|20 Fri May 2022||37.65||34.95||38.60||34.60||0.418 times|
|13 Fri May 2022||34.55||39.20||39.20||33.00||1.532 times|
|06 Fri May 2022||39.10||39.15||41.15||39.00||0.495 times|
|29 Fri Apr 2022||40.35||41.40||42.95||39.75||0.695 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|
|27 Fri May 2022||37.05||39.15||41.15||33.00||0.487 times|
|29 Fri Apr 2022||40.35||34.55||42.95||34.55||0.74 times|
|31 Thu Mar 2022||34.55||34.50||40.00||34.30||0.678 times|
|28 Mon Feb 2022||35.10||39.20||47.70||31.30||0.74 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||10, 24, 40||Sell|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 to mid 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 mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
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. 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 moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
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
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 37.11 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.