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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 2022-06-24 View latest technical analysis

10 day averaged volume of Pennar Steel is 28230

Date Daily Closing Price Open High Low Volume
24 Fri Jun 2022 34.50 33.90 34.80 33.65 0.576 times
23 Thu Jun 2022 33.60 32.55 33.95 32.40 0.226 times
22 Wed Jun 2022 32.45 33.25 33.40 32.10 1.034 times
21 Tue Jun 2022 32.95 31.80 33.10 31.80 1.471 times
20 Mon Jun 2022 31.30 34.95 34.95 31.05 1.022 times
17 Fri Jun 2022 32.25 33.45 33.60 32.00 0.542 times
16 Thu Jun 2022 33.20 35.75 35.75 32.90 1.193 times
15 Wed Jun 2022 35.10 34.30 35.25 33.85 1.144 times
14 Tue Jun 2022 34.95 36.25 36.45 34.70 1.613 times
13 Mon Jun 2022 36.45 37.20 37.20 36.00 1.126 times

My analysis of stock is bearish for shortterm, and stock might move down till 33.4 or till 30.9. Use a stoploss of 35.44 and if the stock hits stoploss, then it can shoot up till 37.51

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 32.00
Downside Target 33.00
Downside Target 34.30
Upside Target 36.05
Upside Target 37.20
Upside Target 37.95
Upside Target 38.45
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 32.05
Downside Intraday Target 29.6
Upside Intraday Target 35.95
Upside Intraday Target 37.4
Downside Intraday Target 33.5

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
24 Fri Jun 2022 34.50 34.95 34.95 31.05 0.77 times
17 Fri Jun 2022 32.25 37.20 37.20 32.00 1.432 times
10 Fri Jun 2022 37.20 36.05 37.95 36.05 1.257 times
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

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
24 Fri Jun 2022 34.50 36.85 38.45 31.05 0.321 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.498 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 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 18, 19, 2 Sell
MACD -2, -2Sell
Stochastics 39None
CCI 27Buy
RSI 47Sell
OBV -101849Sell
VWAP 34Buy
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Pennar Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.79 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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