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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 2022-06-02 View latest technical analysis

10 day averaged volume of Pennar Steel is 34451

Date Daily Closing Price Open High Low Volume
02 Thu Jun 2022 37.90 38.00 38.00 37.00 0.35 times
01 Wed Jun 2022 37.15 36.85 37.35 36.70 0.305 times
31 Tue May 2022 36.55 37.05 37.25 36.45 0.509 times
30 Mon May 2022 36.70 37.50 38.05 36.70 0.413 times
27 Fri May 2022 37.05 37.00 37.40 36.50 0.526 times
26 Thu May 2022 36.40 37.40 37.65 34.95 1.877 times
25 Wed May 2022 36.95 38.10 38.70 36.40 2.006 times
24 Tue May 2022 38.00 38.45 38.45 37.30 1.027 times
23 Mon May 2022 37.80 39.25 39.25 36.75 1 times
20 Fri May 2022 37.65 38.50 38.60 37.40 1.042 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 38 as stoploss in an intra day sell trade for a target of 36.84. However, stock will show a bullish move above 38.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.00
Downside Target 34.30
Downside Target 36.45
Upside Target 38.00
Upside Target 39.20
Upside Target 39.25
Upside Target 40.00
Upside Target 41.15
Upside Target 42.95
Upside Target 47.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 36.88
Downside Intraday Target 35.87
Upside Intraday Target 38.48
Upside Intraday Target 39.07
Downside Intraday Target 37.47

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
02 Thu Jun 2022 37.90 37.50 38.05 36.45 0.245 times
27 Fri May 2022 37.05 39.25 39.25 34.95 0.963 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 1.958 times
06 Fri May 2022 39.10 39.15 41.15 39.00 0.387 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
02 Thu Jun 2022 37.90 36.85 38.00 36.70 0.017 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.47 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

Scroll below to view daily charts

Price has moved up 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 16, 20, 10 Sell
MACD -0, -0Buy
Stochastics 52None
CCI 50Buy
RSI 51Buy
OBV -411517Sell
VWAP 37Buy
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 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

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

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

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. Bulls 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 moving up

CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.

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 37.14 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 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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