(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 2022-05-02 View latest technical analysis
10 day averaged volume of Pennar Steel is 177052
|Date||Daily Closing Price||Open||High||Low||Volume|
|02 Mon May 2022||40.55||39.15||41.15||39.15||0.505 times|
|29 Fri Apr 2022||40.35||42.25||42.25||40.10||0.501 times|
|28 Thu Apr 2022||40.75||42.30||42.35||40.55||0.441 times|
|27 Wed Apr 2022||42.05||40.10||42.95||39.75||1.773 times|
|26 Tue Apr 2022||40.20||40.95||41.30||40.05||0.501 times|
|25 Mon Apr 2022||40.70||41.40||41.50||39.80||0.884 times|
|22 Fri Apr 2022||41.10||41.90||42.70||40.60||1.236 times|
|21 Thu Apr 2022||41.90||40.05||42.25||40.05||1.114 times|
|20 Wed Apr 2022||39.60||40.05||40.95||39.15||1.026 times|
|19 Tue Apr 2022||39.25||38.30||41.60||38.30||1.514 times|
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.9 as stoploss in an intra day sell trade for a target of 39.22. However, stock will show a bullish move above 40.9.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||39.42|
|Downside Intraday Target||38.28|
|Upside Intraday Target||41.42|
|Upside Intraday Target||42.28|
|Downside Intraday Target||40.28|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|02 Mon May 2022||40.55||39.15||41.15||39.15||0.123 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|
|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|
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|
|02 Mon May 2022||40.55||39.15||41.15||39.15||0.032 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 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||22, 14, 22||Buy|
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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 moving up
CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 40.74 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.