(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)
Intraday share price targets for Pennar Steel (PennarSteel)
|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|
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.