(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 2022-04-26 View latest technical analysis
10 day averaged volume of Pennar Steel is 181567
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Apr 2022 | 40.20 | 40.95 | 41.30 | 40.05 | 0.489 times |
| 25 Mon Apr 2022 | 40.70 | 41.40 | 41.50 | 39.80 | 0.862 times |
| 22 Fri Apr 2022 | 41.10 | 41.90 | 42.70 | 40.60 | 1.205 times |
| 21 Thu Apr 2022 | 41.90 | 40.05 | 42.25 | 40.05 | 1.087 times |
| 20 Wed Apr 2022 | 39.60 | 40.05 | 40.95 | 39.15 | 1.001 times |
| 19 Tue Apr 2022 | 39.25 | 38.30 | 41.60 | 38.30 | 1.476 times |
| 18 Mon Apr 2022 | 38.65 | 38.40 | 40.15 | 37.60 | 0.983 times |
| 13 Wed Apr 2022 | 38.45 | 39.80 | 39.80 | 38.00 | 0.389 times |
| 12 Tue Apr 2022 | 38.20 | 37.55 | 38.80 | 37.55 | 0.477 times |
| 11 Mon Apr 2022 | 38.85 | 40.65 | 40.65 | 38.60 | 0.477 times |
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 27.05 |
| Downside Target | 31.30 |
| Downside Target | 33.55 |
| Downside Target | 34.30 |
| Downside Target | 36.00 |
| Downside Target | 37.55 |
| Downside Target | 39.80 |
| Upside Target | 40.65 |
| Upside Target | 41.50 |
| Upside Target | 42.70 |
| Upside Target | 47.70 |
| Upside Target | 47.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 39.5 |
| Downside Intraday Target | 38.8 |
| Upside Intraday Target | 41.2 |
| Upside Intraday Target | 42.2 |
| Upside Intraday Target | 40.5 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Apr 2022 | 40.20 | 41.40 | 41.50 | 39.80 | 0.235 times |
| 22 Fri Apr 2022 | 41.10 | 38.40 | 42.70 | 37.60 | 4.285 times |
| 13 Wed Apr 2022 | 38.45 | 40.65 | 40.65 | 37.55 | 0.368 times |
| 08 Fri Apr 2022 | 39.55 | 37.50 | 40.30 | 36.00 | 1.283 times |
| 01 Fri Apr 2022 | 36.30 | 36.50 | 37.80 | 34.30 | 0.393 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 |
| 26 Tue Apr 2022 | 40.20 | 34.55 | 42.70 | 34.55 | 0.613 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 |
| 31 Mon Jan 2022 | 39.50 | 35.95 | 47.95 | 33.55 | 1.735 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 | 25, 12, 36 | Buy |
| MACD | 2, 1 | Buy |
| Stochastics | 64 | None |
| CCI | 47 | Sell |
| RSI | 60 | Buy |
| OBV | 410304 | Sell |
| VWAP | 40 | Buy |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.
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 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 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 losing momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 39.91 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.
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