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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 2022-05-04 View latest technical analysis

10 day averaged volume of Gitarenew is 7386

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 168.55 175.00 176.00 164.05 0.455 times
02 Mon May 2022 167.70 170.90 175.00 165.00 0.781 times
29 Fri Apr 2022 170.90 166.15 183.50 166.15 1.143 times
28 Thu Apr 2022 174.85 184.05 184.05 174.85 0.607 times
27 Wed Apr 2022 184.05 203.35 203.35 184.05 1.143 times
26 Tue Apr 2022 193.70 193.70 193.70 193.70 1.075 times
25 Mon Apr 2022 184.50 184.50 184.50 183.50 1.131 times
22 Fri Apr 2022 175.75 171.95 175.75 169.50 1.813 times
21 Thu Apr 2022 167.40 169.85 169.85 163.00 1.083 times
20 Wed Apr 2022 163.40 170.00 170.00 160.60 0.631 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 169, but if it comes above 169, then a intra day buy could be more profitable.
If you take a sell trade below 169, then use 169 as stoploss and 157.7 as target. However if you take a buy trade in stock , then use 169 as stoploss and 178.4 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 136.00
Downside Target 157.80
Downside Target 164.05
Upside Target 176.00
Upside Target 179.95
Upside Target 193.15
Upside Target 199.00
Upside Target 203.35
Upside Target 204.00
Upside Target 229.70
Upside Target 243.50
Upside Target 323.70

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 163.07
Downside Intraday Target 157.58
Upside Intraday Target 175.02
Upside Intraday Target 181.48
Upside Intraday Target 169.53

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 168.55 170.90 176.00 164.05 0.242 times
29 Fri Apr 2022 170.90 184.50 203.35 166.15 0.986 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

Price has moved down 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
04 Wed May 2022 168.55 170.90 176.00 164.05 0.055 times
29 Fri Apr 2022 170.90 195.00 204.00 160.60 1.148 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

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 19, 22, 8 Sell
MACD -11, -11Sell
Stochastics 20Sell
CCI -56Buy
RSI 50Buy
OBV -53416Sell
VWAP 176Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 Weak 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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 176.38 and Gitarenew (Gitarenew) stock is trading below this level. This means that stock is falling with high volumes. 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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