(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 87436
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu May 2022 | 37.80 | 36.45 | 38.00 | 36.00 | 0.51 times |
| 18 Wed May 2022 | 37.40 | 37.25 | 38.00 | 36.90 | 0.509 times |
| 17 Tue May 2022 | 36.80 | 37.00 | 37.45 | 36.25 | 0.552 times |
| 16 Mon May 2022 | 36.35 | 34.95 | 36.75 | 34.60 | 0.653 times |
| 13 Fri May 2022 | 34.55 | 36.00 | 36.20 | 34.40 | 1.044 times |
| 12 Thu May 2022 | 35.35 | 34.00 | 35.90 | 33.00 | 1.299 times |
| 11 Wed May 2022 | 34.20 | 35.90 | 36.50 | 33.10 | 1.543 times |
| 10 Tue May 2022 | 35.50 | 37.15 | 38.70 | 34.90 | 1.317 times |
| 09 Mon May 2022 | 37.55 | 39.20 | 39.20 | 37.05 | 1.092 times |
| 06 Fri May 2022 | 39.10 | 40.25 | 40.25 | 39.00 | 1.099 times |
My analysis of stock is bearish for shortterm, and stock might move down till 36.2 or till 33.2. Use a stoploss of 38.6 and if the stock hits stoploss, then it can shoot up till 41.04
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 31.30 |
| Downside Target | 33.00 |
| Downside Target | 34.30 |
| Downside Target | 37.60 |
| Upside Target | 39.00 |
| Upside Target | 41.15 |
| Upside Target | 42.70 |
| Upside Target | 42.95 |
| Upside Target | 47.70 |
| Upside Target | 47.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 35.6 |
| Downside Intraday Target | 33.4 |
| Upside Intraday Target | 39 |
| Upside Intraday Target | 40.2 |
| Downside Intraday Target | 36.8 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu May 2022 | 37.80 | 34.95 | 38.00 | 34.60 | 0.353 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 |
| 22 Fri Apr 2022 | 41.10 | 38.40 | 42.70 | 37.60 | 4.285 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 |
| 19 Thu May 2022 | 37.80 | 39.15 | 41.15 | 33.00 | 0.395 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 | 15, 24, 25 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 57 | None |
| CCI | 39 | Sell |
| RSI | 48 | Sell |
| OBV | -91029 | Sell |
| VWAP | 36 | Buy |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
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 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 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 mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining 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 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 SELL signal for Pennar Steel in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 36.17 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 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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