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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 7082

Date Daily Closing Price Open High Low Volume
29 Tue Nov 2022 119.10 122.00 122.00 115.50 0.633 times
28 Mon Nov 2022 116.10 115.40 122.85 115.00 0.854 times
25 Fri Nov 2022 116.00 119.00 119.00 113.85 0.472 times
24 Thu Nov 2022 116.60 111.95 123.80 111.95 0.679 times
23 Wed Nov 2022 115.80 121.80 121.80 115.00 0.543 times
22 Tue Nov 2022 117.80 127.90 127.90 115.00 0.716 times
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.49 times
18 Fri Nov 2022 119.25 118.80 128.80 115.00 0.621 times
17 Thu Nov 2022 123.80 129.80 134.00 107.00 2.346 times
16 Wed Nov 2022 127.25 127.60 138.50 105.70 2.946 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 118.6 as stoploss in an intra day buy trade for a target of 124.91. However, stock will show a bearish move below 118.6.

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 115.12
Downside Intraday Target 111.13
Upside Intraday Target 122.97
Upside Intraday Target 126.83
Downside Intraday Target 118.98

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
29 Tue Nov 2022 119.10 115.40 122.85 115.00 0.512 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
29 Tue Nov 2022 119.10 124.45 151.60 105.70 4.519 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, 16, 36 Sell
MACD -7, -6Sell
Stochastics 33None
CCI -25Buy
RSI 46Sell
OBV -22662Sell
VWAP 122Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

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 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.

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 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 but selling is losing 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 121.9 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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