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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 2022-05-11 View latest technical analysis

10 day averaged volume of Gitarenew is 6825

Date Daily Closing Price Open High Low Volume
11 Wed May 2022 174.20 176.25 179.70 174.20 0.64 times
10 Tue May 2022 183.35 184.20 184.20 170.00 2.402 times
09 Mon May 2022 175.45 175.45 175.45 175.45 1.002 times
06 Fri May 2022 167.10 170.45 172.00 160.00 0.536 times
05 Thu May 2022 167.70 175.00 175.00 165.30 0.43 times
04 Wed May 2022 168.55 175.00 176.00 164.05 0.492 times
02 Mon May 2022 167.70 170.90 175.00 165.00 0.845 times
29 Fri Apr 2022 170.90 166.15 183.50 166.15 1.237 times
28 Thu Apr 2022 174.85 184.05 184.05 174.85 0.657 times
27 Wed Apr 2022 184.05 203.35 203.35 184.05 1.237 times

My analysis of stock is bearish for shortterm, and stock might move down till 166.9 or till 157.9. Use a stoploss of 174.44 and if the stock hits stoploss, then it can shoot up till 181.96

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 136.00
Downside Target 157.80
Downside Target 166.15
Upside Target 176.00
Upside Target 179.95
Upside Target 184.20
Upside Target 193.15
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 168.07
Downside Intraday Target 161.93
Upside Intraday Target 182.27
Upside Intraday Target 190.33
Upside Intraday Target 176.13

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
11 Wed May 2022 174.20 175.45 184.20 170.00 1.756 times
06 Fri May 2022 167.10 170.90 176.00 160.00 0.417 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gitarenew (Gitarenew)

Date Monthly Closing Price Open High Low Volume
11 Wed May 2022 174.20 170.90 184.20 160.00 0.262 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 up 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 21, 17, 10 Buy
MACD -9, -10Buy
Stochastics 41None
CCI 17Sell
RSI 54Buy
OBV -13408Sell
VWAP 176Sell
ADL 0Sell
ROC -10Sell
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 losing 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 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Gitarenew in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 175.98 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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