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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 2022-05-05 View latest technical analysis

10 day averaged volume of Pennar Steel is 150900

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 40.30 40.20 40.65 39.75 0.518 times
04 Wed May 2022 39.40 40.70 40.95 39.00 0.634 times
02 Mon May 2022 40.55 39.15 41.15 39.15 0.593 times
29 Fri Apr 2022 40.35 42.25 42.25 40.10 0.588 times
28 Thu Apr 2022 40.75 42.30 42.35 40.55 0.518 times
27 Wed Apr 2022 42.05 40.10 42.95 39.75 2.08 times
26 Tue Apr 2022 40.20 40.95 41.30 40.05 0.588 times
25 Mon Apr 2022 40.70 41.40 41.50 39.80 1.038 times
22 Fri Apr 2022 41.10 41.90 42.70 40.60 1.45 times
21 Thu Apr 2022 41.90 40.05 42.25 40.05 1.307 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 41 as stoploss in an intra day sell trade for a target of 39.53. However, stock will show a bullish move above 41.

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 39.15
Downside Intraday Target 38
Upside Intraday Target 41.3
Upside Intraday Target 42.3
Downside Intraday Target 40.15

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 40.30 39.15 41.15 39.00 0.362 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
05 Thu May 2022 40.30 39.15 41.15 39.00 0.094 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 19, 13, 19 Buy
MACD 1, 2Sell
Stochastics 30None
CCI -75Buy
RSI 57Buy
OBV 826508Sell
VWAP 41Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 gaining 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 41.06 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.

Click here for Pennar Steel charts

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Daily charts

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