(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, 2 | Sell |
| Stochastics | 37 | None |
| CCI | -122 | Sell |
| RSI | 58 | Buy |
| OBV | 868030 | Sell |
| VWAP | 41 | Sell |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| Force Index | 0 | Sell |
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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