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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 2022-05-25 View latest technical analysis

10 day averaged volume of Pennar Steel is 63986

Date Daily Closing Price Open High Low Volume
25 Wed May 2022 36.95 38.10 38.70 36.40 1.08 times
24 Tue May 2022 38.00 38.45 38.45 37.30 0.553 times
23 Mon May 2022 37.80 39.25 39.25 36.75 0.538 times
20 Fri May 2022 37.65 38.50 38.60 37.40 0.561 times
19 Thu May 2022 37.80 36.45 38.00 36.00 0.697 times
18 Wed May 2022 37.40 37.25 38.00 36.90 0.695 times
17 Tue May 2022 36.80 37.00 37.45 36.25 0.754 times
16 Mon May 2022 36.35 34.95 36.75 34.60 0.892 times
13 Fri May 2022 34.55 36.00 36.20 34.40 1.427 times
12 Thu May 2022 35.35 34.00 35.90 33.00 1.774 times

My analysis of stock is bearish for shortterm, and stock might move down till 35.8 or till 33.3. Use a stoploss of 37.92 and if the stock hits stoploss, then it can shoot up till 40.04

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.00
Downside Target 34.30
Downside Target 36.40
Upside Target 38.60
Upside Target 40.00
Upside Target 41.15
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 35.82
Downside Intraday Target 34.68
Upside Intraday Target 38.67
Upside Intraday Target 40.38
Upside Intraday Target 37.53

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
25 Wed May 2022 36.95 39.25 39.25 36.40 0.603 times
20 Fri May 2022 37.65 34.95 38.60 34.60 0.418 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

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
25 Wed May 2022 36.95 39.15 41.15 33.00 0.457 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 12, 21, 27 Sell
MACD -0, -1Buy
Stochastics 73Buy
CCI 36Sell
RSI 46Sell
OBV -129846Sell
VWAP 36Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 36.44 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 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 negative.

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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Daily chart

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