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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 7488

Date Daily Closing Price Open High Low Volume
28 Mon Nov 2022 116.10 115.40 122.85 115.00 0.807 times
25 Fri Nov 2022 116.00 119.00 119.00 113.85 0.447 times
24 Thu Nov 2022 116.60 111.95 123.80 111.95 0.642 times
23 Wed Nov 2022 115.80 121.80 121.80 115.00 0.513 times
22 Tue Nov 2022 117.80 127.90 127.90 115.00 0.677 times
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.464 times
18 Fri Nov 2022 119.25 118.80 128.80 115.00 0.587 times
17 Thu Nov 2022 123.80 129.80 134.00 107.00 2.218 times
16 Wed Nov 2022 127.25 127.60 138.50 105.70 2.786 times
15 Tue Nov 2022 132.10 139.00 139.00 130.00 0.314 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 119.1, but if it comes above 119.1, then a intra day buy could be more profitable.
If you take a sell trade below 119.1, then use 119.1 as stoploss and 111.7 as target. However if you take a buy trade in stock , then use 119.1 as stoploss and 125.3 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 105.70
Downside Target 110.00
Downside Target 115.00
Upside Target 121.00
Upside Target 127.90
Upside Target 132.20
Upside Target 139.00
Upside Target 145.00
Upside Target 150.00
Upside Target 151.60
Upside Target 154.00
Upside Target 166.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 113.12
Downside Intraday Target 110.13
Upside Intraday Target 120.97
Upside Intraday Target 125.83
Upside Intraday Target 117.98

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
28 Mon Nov 2022 116.10 115.40 122.85 115.00 0.294 times
25 Fri Nov 2022 116.00 125.95 127.90 111.95 0.378 times
18 Fri Nov 2022 119.25 133.95 145.00 105.70 1.8 times
11 Fri Nov 2022 129.00 135.00 151.60 110.00 3.748 times
04 Fri Nov 2022 130.95 126.00 132.20 124.00 1.9 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
28 Mon Nov 2022 116.10 124.45 151.60 105.70 4.352 times
31 Mon Oct 2022 127.00 131.50 141.00 123.05 0.382 times
30 Fri Sep 2022 133.15 131.00 150.00 121.00 1.272 times
30 Tue Aug 2022 134.00 140.50 154.00 121.10 1.594 times

Scroll below to view daily charts

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

Indicators analysis of Gitarenew (Gitarenew)

Indicator Name Indicator Value Indicator Signal
ADX 8, 17, 36 Sell
MACD -8, -6Sell
Stochastics 27Sell
CCI -64Buy
RSI 45Sell
OBV -27947Sell
VWAP 122Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up 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 122.42 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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