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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)

Showing technical analysis as on 2022-05-04 View latest technical analysis

10 day averaged volume of Pennar Steel is 168144

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 39.40 40.70 40.95 39.00 0.569 times
02 Mon May 2022 40.55 39.15 41.15 39.15 0.532 times
29 Fri Apr 2022 40.35 42.25 42.25 40.10 0.528 times
28 Thu Apr 2022 40.75 42.30 42.35 40.55 0.464 times
27 Wed Apr 2022 42.05 40.10 42.95 39.75 1.867 times
26 Tue Apr 2022 40.20 40.95 41.30 40.05 0.528 times
25 Mon Apr 2022 40.70 41.40 41.50 39.80 0.931 times
22 Fri Apr 2022 41.10 41.90 42.70 40.60 1.301 times
21 Thu Apr 2022 41.90 40.05 42.25 40.05 1.173 times
20 Wed Apr 2022 39.60 40.05 40.95 39.15 1.081 times

My analysis of stock is bullish for shortterm, and stock might move up till 40.9 or till 42.8. Use a stoploss of 39.38 and if this stock hits its stoploss, then it can fall down till 37.81

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.55
Downside Target 34.30
Downside Target 36.00
Downside Target 37.55
Downside 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 38.55
Downside Intraday Target 37.7
Upside Intraday Target 40.7
Upside Intraday Target 42
Upside Intraday Target 39.85

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 39.40 39.15 41.15 39.00 0.255 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 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
04 Wed May 2022 39.40 39.15 41.15 39.00 0.066 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 20, 14, 19 Buy
MACD 2, 2Sell
Stochastics 37None
CCI -122Sell
RSI 58Buy
OBV 868030Sell
VWAP 41Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 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 40.92 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.

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Daily charts

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