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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)

Showing technical analysis as on 2021-09-17 View latest technical analysis

10 day averaged volume of Gitarenew is 6071

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 92.60 92.60 92.60 92.60 0.438 times
16 Thu Sep 2021 88.20 79.80 88.20 79.80 2.673 times
15 Wed Sep 2021 84.00 84.00 84.00 84.00 0.744 times
14 Tue Sep 2021 88.40 88.40 88.40 88.40 0.298 times
13 Mon Sep 2021 93.05 93.05 93.05 93.05 0.252 times
09 Thu Sep 2021 97.90 97.90 97.90 97.90 0.177 times
08 Wed Sep 2021 103.05 103.05 103.05 103.05 0.168 times
07 Tue Sep 2021 108.45 108.45 108.45 108.45 0.166 times
06 Mon Sep 2021 114.15 114.15 114.15 114.15 0.635 times
03 Fri Sep 2021 120.15 120.15 132.75 120.15 4.811 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 93.9, but if it comes above 93.9, then a intra day buy could be more profitable.
If you take a sell trade below 93.9, then use 93.9 as stoploss and 50.6 as target. However if you take a buy trade in stock , then use 93.9 as stoploss and 129.96 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 35.25
Downside Target 50.80
Downside Target 77.85
Upside Target 93.05
Upside Target 97.90
Upside Target 114.15
Upside Target 120.15
Upside Target 133.10
Upside Target 140.10
Upside Target 147.45
Upside Target 155.20
Upside Target 190.40
Upside Target 200.40
Upside Target 203.85
Upside Target 233.60
Upside Target 300.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 83.92
Downside Intraday Target 75.23
Upside Intraday Target 97.17
Upside Intraday Target 101.73
Downside Intraday Target 88.48

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 92.60 93.05 93.05 79.80 3.845 times
09 Thu Sep 2021 97.90 114.15 114.15 97.90 0.22 times
03 Fri Sep 2021 120.15 147.45 147.45 120.15 18.447 times
27 Fri Aug 2021 155.20 190.40 190.40 155.20 0.581 times
20 Fri Aug 2021 200.40 233.60 233.60 200.40 0.066 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gitarenew (Gitarenew)

Date Monthly Closing Price Open High Low Volume
17 Fri Sep 2021 92.60 133.10 133.10 79.80 0.883 times
31 Tue Aug 2021 140.10 214.00 300.00 140.10 1.37 times
30 Fri Jul 2021 203.85 79.40 203.85 79.40 1.619 times
30 Wed Jun 2021 77.85 51.80 77.85 51.80 1.055 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 15, 66, 63 Sell
MACD -38, -32Sell
Stochastics 13Sell
CCI -41Buy
RSI 58Buy
OBV -30620Sell
VWAP 105Sell
ADL 0Sell
ROC -27Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is

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 losing momentum.

MACD generated a SELL signal for Gitarenew 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.

Gitarenew Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Gitarenew in short term but BUY signal is weak.

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 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 105.36 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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