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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 2022-05-13 View latest technical analysis

10 day averaged volume of Gitarenew is 6673

Date Daily Closing Price Open High Low Volume
13 Fri May 2022 173.80 160.05 173.85 160.05 1.469 times
12 Thu May 2022 165.60 165.50 174.00 165.50 1.573 times
11 Wed May 2022 174.20 176.25 179.70 174.20 0.654 times
10 Tue May 2022 183.35 184.20 184.20 170.00 2.456 times
09 Mon May 2022 175.45 175.45 175.45 175.45 1.025 times
06 Fri May 2022 167.10 170.45 172.00 160.00 0.548 times
05 Thu May 2022 167.70 175.00 175.00 165.30 0.439 times
04 Wed May 2022 168.55 175.00 176.00 164.05 0.503 times
02 Mon May 2022 167.70 170.90 175.00 165.00 0.864 times
29 Fri Apr 2022 170.90 166.15 183.50 166.15 1.265 times

My analysis of stock is bullish for shortterm, and stock might move up till 181 or till 190. Use a stoploss of 173.52 and if this stock hits its stoploss, then it can fall down till 166.02

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 161.17
Downside Intraday Target 148.53
Upside Intraday Target 185.32
Upside Intraday Target 196.83
Downside Intraday Target 172.68

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
13 Fri May 2022 173.80 175.45 184.20 160.05 3.048 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
13 Fri May 2022 173.80 170.90 184.20 160.00 0.385 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 17, 25, 20 Sell
MACD -9, -10Buy
Stochastics 38None
CCI -45Buy
RSI 54Buy
OBV -13879Sell
VWAP 173Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. Signal strength is Strong 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 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 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 173.3 and Gitarenew (Gitarenew) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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