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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 2021-10-18 View latest technical analysis

10 day averaged volume of Gitarenew is 2772

Date Daily Closing Price Open High Low Volume
18 Mon Oct 2021 245.15 245.15 245.15 245.15 1.879 times
14 Thu Oct 2021 233.50 233.50 233.50 233.50 0.926 times
13 Wed Oct 2021 222.40 222.40 222.40 222.40 0.276 times
12 Tue Oct 2021 211.85 211.85 211.85 211.85 0.513 times
11 Mon Oct 2021 201.80 201.80 201.80 201.80 3.286 times
08 Fri Oct 2021 192.20 192.20 192.20 192.20 1.523 times
07 Thu Oct 2021 183.05 183.05 183.05 183.05 0.622 times
06 Wed Oct 2021 174.35 174.35 174.35 174.35 0.498 times
05 Tue Oct 2021 166.05 166.05 166.05 166.05 0.187 times
04 Mon Oct 2021 158.15 158.15 158.15 158.15 0.129 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 258.9, for a target of 205.2 or 160.53

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 51.80
Downside Target 77.85
Downside Target 97.20
Downside Target 118.10
Downside Target 124.00
Downside Target 140.10
Downside Target 143.50
Downside Target 150.65
Downside Target 158.15
Downside Target 192.20
Downside Target 201.80
Downside Target 233.50
Downside Target 245.15
Upside Target 300.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 245.15
Downside Intraday Target 245.15
Downside Intraday Target 245.15
Downside Intraday Target 245.15
Downside Intraday Target 245.15

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
18 Mon Oct 2021 245.15 245.15 245.15 245.15 0.376 times
14 Thu Oct 2021 233.50 201.80 233.50 201.80 1.691 times
08 Fri Oct 2021 192.20 158.15 192.20 158.15 0.241 times
01 Fri Oct 2021 150.65 124.00 150.65 124.00 4.408 times
24 Fri Sep 2021 118.10 97.20 118.10 97.20 0.289 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 Gitarenew (Gitarenew)

Date Monthly Closing Price Open High Low Volume
18 Mon Oct 2021 245.15 150.65 245.15 150.65 0.327 times
30 Thu Sep 2021 143.50 133.10 143.50 79.80 1.378 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

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 Gitarenew (Gitarenew)

Indicator Name Indicator Value Indicator Signal
ADX 92, 7, 87 Buy
MACD 41, 27Buy
Stochastics 100Buy
CCI 128Buy
RSI 59Buy
OBV 71734Sell
VWAP 209Buy
ADL 0Sell
ROC 63Buy
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

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Gitarenew in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 and BUY 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

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 208.86 and Gitarenew (Gitarenew) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Gitarenew (Gitarenew) stock. Volume based technical analysis of Gitarenew (Gitarenew) stock is negative.

Gitarenew Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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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Daily chart

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