(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 2022-06-03 View latest technical analysis
10 day averaged volume of Pennar Steel is 31195
|Date||Daily Closing Price||Open||High||Low||Volume|
|03 Fri Jun 2022||36.95||38.45||38.45||36.30||1.083 times|
|02 Thu Jun 2022||37.90||38.00||38.00||37.00||0.387 times|
|01 Wed Jun 2022||37.15||36.85||37.35||36.70||0.337 times|
|31 Tue May 2022||36.55||37.05||37.25||36.45||0.563 times|
|30 Mon May 2022||36.70||37.50||38.05||36.70||0.457 times|
|27 Fri May 2022||37.05||37.00||37.40||36.50||0.581 times|
|26 Thu May 2022||36.40||37.40||37.65||34.95||2.073 times|
|25 Wed May 2022||36.95||38.10||38.70||36.40||2.216 times|
|24 Tue May 2022||38.00||38.45||38.45||37.30||1.134 times|
|23 Mon May 2022||37.80||39.25||39.25||36.75||1.104 times|
My analysis of stock is bullish for shortterm, and stock might move up till 37.8 or till 39.1. Use a stoploss of 36.73 and if this stock hits its stoploss, then it can fall down till 35.67
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||36.02|
|Downside Intraday Target||35.08|
|Upside Intraday Target||38.17|
|Upside Intraday Target||39.38|
|Upside Intraday Target||37.23|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|03 Fri Jun 2022||36.95||37.50||38.45||36.30||0.398 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 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|
|03 Fri Jun 2022||36.95||36.85||38.45||36.30||0.043 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||14, 22, 22||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 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 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 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 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 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
Although the stock is in the BUY zone, but buying 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 37.07 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.