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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 2022-05-12 View latest technical analysis

10 day averaged volume of Gitarenew is 6468

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 165.60 165.50 174.00 165.50 1.622 times
11 Wed May 2022 174.20 176.25 179.70 174.20 0.675 times
10 Tue May 2022 183.35 184.20 184.20 170.00 2.534 times
09 Mon May 2022 175.45 175.45 175.45 175.45 1.057 times
06 Fri May 2022 167.10 170.45 172.00 160.00 0.566 times
05 Thu May 2022 167.70 175.00 175.00 165.30 0.453 times
04 Wed May 2022 168.55 175.00 176.00 164.05 0.519 times
02 Mon May 2022 167.70 170.90 175.00 165.00 0.891 times
29 Fri Apr 2022 170.90 166.15 183.50 166.15 1.305 times
28 Thu Apr 2022 174.85 184.05 184.05 174.85 0.694 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 166.1, but if it comes above 166.1, then a intra day buy could be more profitable.
If you take a sell trade below 166.1, then use 166.1 as stoploss and 157.1 as target. However if you take a buy trade in stock , then use 166.1 as stoploss and 173.59 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 136.00
Downside Target 157.80
Downside Target 165.50
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 159.33
Downside Intraday Target 153.07
Upside Intraday Target 178.03
Upside Intraday Target 190.47
Upside Intraday Target 171.77

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 165.60 175.45 184.20 165.50 2.424 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 down 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
12 Thu May 2022 165.60 170.90 184.20 160.00 0.325 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, 23, 10 Sell
MACD -9, -10Buy
Stochastics 37None
CCI -70Sell
RSI 53Buy
OBV -32629Sell
VWAP 173Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY signal for Gitarenew in short term but the buy signal is initial and weak.

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 getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 173.33 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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