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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 2022-04-26 View latest technical analysis

10 day averaged volume of Gitarenew is 8679

Date Daily Closing Price Open High Low Volume
26 Tue Apr 2022 193.70 193.70 193.70 193.70 0.915 times
25 Mon Apr 2022 184.50 184.50 184.50 183.50 0.963 times
22 Fri Apr 2022 175.75 171.95 175.75 169.50 1.543 times
21 Thu Apr 2022 167.40 169.85 169.85 163.00 0.922 times
20 Wed Apr 2022 163.40 170.00 170.00 160.60 0.537 times
19 Tue Apr 2022 167.85 169.00 176.00 166.00 0.505 times
18 Mon Apr 2022 171.55 173.00 179.95 166.60 0.896 times
13 Wed Apr 2022 172.95 175.00 180.00 167.60 0.868 times
12 Tue Apr 2022 175.30 191.60 191.60 173.40 1.73 times
11 Mon Apr 2022 182.50 193.15 193.15 181.20 1.031 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 195.2 as stoploss in an intra day sell trade for a target of 184.12. However, stock will show a bullish move above 195.2.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 134.85
Downside Target 157.80
Downside Target 167.60
Downside Target 179.95
Downside Target 193.15
Upside Target 199.00
Upside Target 204.00
Upside Target 208.00
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 186.9
Downside Intraday Target 180.1
Upside Intraday Target 197.1
Upside Intraday Target 200.5
Downside Intraday Target 190.3

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
26 Tue Apr 2022 193.70 184.50 193.70 183.50 0.426 times
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

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
26 Tue Apr 2022 193.70 195.00 204.00 160.60 1 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 23, 18, 13 Buy
MACD -10, -12Buy
Stochastics 73Buy
CCI 152Buy
RSI 54Buy
OBV -17256Sell
VWAP 176Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Gitarenew in short term but the buy signal is initial and weak.

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 stronger in this stock.

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

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 176.41 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 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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