(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 2022-05-17 View latest technical analysis
10 day averaged volume of Pennar Steel is 96668
|Date||Daily Closing Price||Open||High||Low||Volume|
|17 Tue May 2022||36.80||37.00||37.45||36.25||0.499 times|
|16 Mon May 2022||36.35||34.95||36.75||34.60||0.59 times|
|13 Fri May 2022||34.55||36.00||36.20||34.40||0.944 times|
|12 Thu May 2022||35.35||34.00||35.90||33.00||1.175 times|
|11 Wed May 2022||34.20||35.90||36.50||33.10||1.395 times|
|10 Tue May 2022||35.50||37.15||38.70||34.90||1.192 times|
|09 Mon May 2022||37.55||39.20||39.20||37.05||0.987 times|
|06 Fri May 2022||39.10||40.25||40.25||39.00||0.994 times|
|05 Thu May 2022||40.30||40.20||40.65||39.75||0.808 times|
|04 Wed May 2022||39.40||40.70||40.95||39.00||0.989 times|
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 36.4 as stoploss in an intra day buy trade for a target of 38.78. However, stock will show a bearish move below 36.4.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||35.12|
|Downside Intraday Target||33.43|
|Upside Intraday Target||37.97|
|Upside Intraday Target||39.13|
|Downside Intraday Target||36.28|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|17 Tue May 2022||36.80||34.95||37.45||34.60||0.191 times|
|13 Fri May 2022||34.55||39.20||39.20||33.00||1.532 times|
|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|
Price has moved up 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|
|17 Tue May 2022||36.80||39.15||41.15||33.00||0.363 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||14, 23, 25||Sell|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red 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 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 36.71 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.