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(Gitarenew) Gitarenew complete technical analysis [charts+indicators] | Buy/Sell Gitarenew | (Gitarenew) share price targets

Complete technical analysis of Gitarenew (Gitarenew) by charts plus indicators, forecast predictions and share price targets for Gitarenew (Gitarenew)

10 day averaged volume of Gitarenew is 5079

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 151.95 152.00 157.10 145.00 1.143 times
26 Thu May 2022 152.20 156.90 167.85 152.10 1.405 times
25 Wed May 2022 160.10 164.15 167.95 156.50 0.389 times
24 Tue May 2022 163.50 173.00 173.00 163.05 0.631 times
23 Mon May 2022 169.15 165.15 173.00 160.25 0.964 times
20 Fri May 2022 166.70 161.00 168.70 155.50 0.664 times
19 Thu May 2022 163.30 170.00 170.00 160.85 1.148 times
18 Wed May 2022 166.40 172.10 172.10 162.50 0.977 times
17 Tue May 2022 168.70 173.00 174.80 165.00 0.759 times
16 Mon May 2022 169.70 180.95 180.95 165.15 1.132 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 151.8, for a target of 160.3 or 167.3

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 136.00
Downside Target 145.00
Upside Target 155.50
Upside Target 166.15
Upside Target 173.00
Upside Target 180.95
Upside Target 184.20
Upside Target 203.35
Upside Target 204.00
Upside Target 229.70
Upside Target 243.50
Upside Target 323.70

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 140.3
Downside Intraday Target 128.65
Upside Intraday Target 168.3
Upside Intraday Target 184.65
Upside Intraday Target 156.65

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 151.95 165.15 173.00 145.00 0.968 times
20 Fri May 2022 166.70 180.95 180.95 155.50 0.496 times
13 Fri May 2022 173.80 175.45 184.20 160.05 3.048 times
06 Fri May 2022 167.10 170.90 176.00 160.00 0.417 times
29 Fri Apr 2022 170.90 184.50 203.35 166.15 0.986 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 Gitarenew (Gitarenew)

Date Monthly Closing Price Open High Low Volume
27 Fri May 2022 151.95 170.90 184.20 145.00 0.668 times
29 Fri Apr 2022 170.90 195.00 204.00 160.60 1.148 times
31 Thu Mar 2022 199.45 208.40 229.70 183.30 2.385 times
28 Mon Feb 2022 198.50 157.80 243.50 157.80 0.611 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 Gitarenew (Gitarenew)

Indicator Name Indicator Value Indicator Signal
ADX 10, 27, 44 Sell
MACD -13, -11Sell
Stochastics 13Sell
CCI -189Sell
RSI 56Buy
OBV -33996Sell
VWAP 163Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short 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 Gitarenew ( (Gitarenew) ) 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 Gitarenew ( (Gitarenew) ) 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 Gitarenew stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Gitarenew in short term and the sell signal is strong.

Gitarenew Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 Gitarenew in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Gitarenew is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 162.5 and Gitarenew (Gitarenew) 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 Gitarenew (Gitarenew) stock. Volume based technical analysis of Gitarenew (Gitarenew) stock is negative.

Gitarenew 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.

Click here for Gitarenew charts

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Daily charts

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Daily chart

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