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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 26090

Date Daily Closing Price Open High Low Volume
30 Thu Jun 2022 36.20 36.95 37.50 36.05 0.352 times
29 Wed Jun 2022 36.95 36.50 37.35 35.90 1.589 times
28 Tue Jun 2022 36.85 36.90 37.00 35.70 0.758 times
27 Mon Jun 2022 36.15 35.00 36.45 34.65 1.091 times
24 Fri Jun 2022 34.50 33.90 34.80 33.65 0.623 times
23 Thu Jun 2022 33.60 32.55 33.95 32.40 0.245 times
22 Wed Jun 2022 32.45 33.25 33.40 32.10 1.119 times
21 Tue Jun 2022 32.95 31.80 33.10 31.80 1.591 times
20 Mon Jun 2022 31.30 34.95 34.95 31.05 1.106 times
17 Fri Jun 2022 32.25 33.45 33.60 32.00 0.587 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.3 or till 39.7. Use a stoploss of 35.33 and if this stock hits its stoploss, then it can fall down till 33.34

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 32.00
Downside Target 33.00
Downside Target 34.30
Downside Target 36.05
Upside Target 37.20
Upside Target 37.95
Upside Target 38.45
Upside Target 40.00
Upside Target 41.15
Upside Target 42.95
Upside Target 47.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 34.73
Downside Intraday Target 33.27
Upside Intraday Target 37.58
Upside Intraday Target 38.97
Downside Intraday Target 36.12

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
30 Thu Jun 2022 36.20 35.00 37.50 34.65 0.809 times
24 Fri Jun 2022 34.50 34.95 34.95 31.05 0.77 times
17 Fri Jun 2022 32.25 37.20 37.20 32.00 1.432 times
10 Fri Jun 2022 37.20 36.05 37.95 36.05 1.257 times
03 Fri Jun 2022 36.95 37.50 38.45 36.30 0.398 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
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
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

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 25, 13, 32 Buy
MACD -1, -1Buy
Stochastics 90Buy
CCI 91Sell
RSI 47Sell
OBV -18152Sell
VWAP 34Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennar Steel in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal in short term but selling 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 34.31 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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