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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 2022-05-06 View latest technical analysis

10 day averaged volume of Pennar Steel is 140545

Date Daily Closing Price Open High Low Volume
06 Fri May 2022 39.10 40.25 40.25 39.00 0.683 times
05 Thu May 2022 40.30 40.20 40.65 39.75 0.556 times
04 Wed May 2022 39.40 40.70 40.95 39.00 0.68 times
02 Mon May 2022 40.55 39.15 41.15 39.15 0.636 times
29 Fri Apr 2022 40.35 42.25 42.25 40.10 0.632 times
28 Thu Apr 2022 40.75 42.30 42.35 40.55 0.556 times
27 Wed Apr 2022 42.05 40.10 42.95 39.75 2.234 times
26 Tue Apr 2022 40.20 40.95 41.30 40.05 0.632 times
25 Mon Apr 2022 40.70 41.40 41.50 39.80 1.114 times
22 Fri Apr 2022 41.10 41.90 42.70 40.60 1.557 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.3 or till 36.6. Use a stoploss of 39.65 and if the stock hits stoploss, then it can shoot up till 41.02

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 38.35
Downside Intraday Target 37.6
Upside Intraday Target 40.5
Upside Intraday Target 41.9
Upside Intraday Target 39.75

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
06 Fri May 2022 39.10 39.15 41.15 39.00 0.495 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
06 Fri May 2022 39.10 39.15 41.15 39.00 0.128 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 17, 16, 5 Buy
MACD 1, 1Sell
Stochastics 15Sell
CCI -139Sell
RSI 56Buy
OBV 685764Sell
VWAP 41Sell
ADL 0Sell
ROC -7Sell
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 losing momentum.

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

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 40.79 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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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