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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 2022-05-17 View latest technical analysis

10 day averaged volume of Gitarenew is 6936

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 168.70 173.00 174.80 165.00 0.556 times
16 Mon May 2022 169.70 180.95 180.95 165.15 0.829 times
13 Fri May 2022 173.80 160.05 173.85 160.05 1.413 times
12 Thu May 2022 165.60 165.50 174.00 165.50 1.513 times
11 Wed May 2022 174.20 176.25 179.70 174.20 0.63 times
10 Tue May 2022 183.35 184.20 184.20 170.00 2.363 times
09 Mon May 2022 175.45 175.45 175.45 175.45 0.986 times
06 Fri May 2022 167.10 170.45 172.00 160.00 0.527 times
05 Thu May 2022 167.70 175.00 175.00 165.30 0.423 times
04 Wed May 2022 168.55 175.00 176.00 164.05 0.484 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 165.6 as stoploss in an intra day buy trade for a target of 173.21. However, stock will show a bearish move below 165.6.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 136.00
Downside Target 157.80
Downside Target 165.00
Upside Target 176.00
Upside Target 179.95
Upside Target 184.20
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 162.15
Downside Intraday Target 155.6
Upside Intraday Target 178.1
Upside Intraday Target 187.5
Upside Intraday Target 171.55

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 168.70 180.95 180.95 165.00 0.2 times
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

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
17 Tue May 2022 168.70 170.90 184.20 160.00 0.443 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, 20, 3 Sell
MACD -9, -9Buy
Stochastics 44None
CCI -40Sell
RSI 56Buy
OBV -935Sell
VWAP 174Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 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 and SELL 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 173.51 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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