(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, 2 | Sell |
| Stochastics | 30 | None |
| CCI | -75 | Buy |
| RSI | 57 | Buy |
| OBV | 826508 | Sell |
| VWAP | 41 | Sell |
| 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 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
Click here for further forecast and predictions for tomorrow