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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 2022-04-22 View latest technical analysis

10 day averaged volume of Gitarenew is 8248

Date Daily Closing Price Open High Low Volume
22 Fri Apr 2022 175.75 171.95 175.75 169.50 1.623 times
21 Thu Apr 2022 167.40 169.85 169.85 163.00 0.97 times
20 Wed Apr 2022 163.40 170.00 170.00 160.60 0.565 times
19 Tue Apr 2022 167.85 169.00 176.00 166.00 0.532 times
18 Mon Apr 2022 171.55 173.00 179.95 166.60 0.943 times
13 Wed Apr 2022 172.95 175.00 180.00 167.60 0.913 times
12 Tue Apr 2022 175.30 191.60 191.60 173.40 1.82 times
11 Mon Apr 2022 182.50 193.15 193.15 181.20 1.085 times
08 Fri Apr 2022 189.35 181.00 192.00 181.00 1.058 times
07 Thu Apr 2022 186.95 188.00 194.90 185.25 0.809 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 173.3 as stoploss in an intra day buy trade for a target of 185.37. However, stock will show a bearish move below 173.3.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 134.85
Downside Target 157.80
Downside Target 167.60
Upside Target 179.95
Upside Target 191.10
Upside Target 199.00
Upside Target 204.00
Upside Target 208.00
Upside Target 208.85
Upside Target 229.70
Upside Target 243.50
Upside Target 253.75
Upside Target 323.70

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 164.25
Downside Intraday Target 152.75
Upside Intraday Target 183.6
Upside Intraday Target 191.45
Downside Intraday Target 172.1

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
22 Fri Apr 2022 175.75 173.00 179.95 160.60 1.213 times
13 Wed Apr 2022 172.95 193.15 193.15 167.60 0.615 times
08 Fri Apr 2022 189.35 188.90 199.00 180.40 1.657 times
01 Fri Apr 2022 192.75 208.00 208.00 183.30 0.827 times
25 Fri Mar 2022 202.00 208.85 208.85 191.10 1.436 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
22 Fri Apr 2022 175.75 195.00 204.00 160.60 0.887 times
31 Thu Mar 2022 199.45 208.40 229.70 183.30 2.385 times
28 Mon Feb 2022 198.50 157.80 243.50 157.80 0.611 times
31 Mon Jan 2022 150.30 265.90 323.70 136.00 0.69 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 9, 21, 39 Sell
MACD -14, -13Sell
Stochastics 23Sell
CCI -24Buy
RSI 51Buy
OBV -27708Sell
VWAP 176Sell
ADL 0Sell
ROC -8Sell
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.

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 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 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 buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 176.15 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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