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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 4370

Date Daily Closing Price Open High Low Volume
02 Fri Dec 2022 117.35 116.00 120.00 115.60 0.892 times
01 Thu Dec 2022 117.25 120.75 121.00 115.60 0.974 times
30 Wed Nov 2022 117.75 116.60 121.45 114.00 0.908 times
29 Tue Nov 2022 119.10 122.00 122.00 115.50 1.026 times
28 Mon Nov 2022 116.10 115.40 122.85 115.00 1.384 times
25 Fri Nov 2022 116.00 119.00 119.00 113.85 0.765 times
24 Thu Nov 2022 116.60 111.95 123.80 111.95 1.101 times
23 Wed Nov 2022 115.80 121.80 121.80 115.00 0.88 times
22 Tue Nov 2022 117.80 127.90 127.90 115.00 1.161 times
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.795 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 116.7 as stoploss in an intra day buy trade for a target of 123.22. However, stock will show a bearish move below 116.7.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 105.70
Downside Target 110.00
Upside Target 121.00
Upside Target 127.90
Upside Target 132.20
Upside Target 141.00
Upside Target 145.00
Upside Target 150.00
Upside Target 151.60
Upside Target 154.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 113.28
Downside Intraday Target 109.22
Upside Intraday Target 122.13
Upside Intraday Target 126.92
Upside Intraday Target 118.07

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
02 Fri Dec 2022 117.35 115.40 122.85 114.00 1.103 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
02 Fri Dec 2022 117.35 120.75 121.00 115.60 0.065 times
30 Wed Nov 2022 117.75 124.45 151.60 105.70 4.667 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

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 6, 15, 40 Sell
MACD -7, -7Sell
Stochastics 35None
CCI -39Sell
RSI 47Sell
OBV -24337Sell
VWAP 118Sell
ADL 0Sell
ROC -2Sell
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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Gitarenew 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Gitarenew in short term and SELL signal is strong!

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

Stock of Gitarenew is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 117.6 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.

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Daily charts

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Daily chart

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