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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)

10 day averaged volume of Gitarenew is 2734

Date Daily Closing Price Open High Low Volume
25 Wed Jan 2023 97.95 100.00 100.00 95.00 1.005 times
24 Tue Jan 2023 99.10 99.00 100.95 94.50 1.143 times
23 Mon Jan 2023 99.40 102.00 103.00 97.00 1.619 times
20 Fri Jan 2023 101.35 102.00 102.00 97.00 1.029 times
19 Thu Jan 2023 100.65 99.80 101.00 99.50 0.59 times
18 Wed Jan 2023 100.15 102.00 102.95 99.00 1.437 times
17 Tue Jan 2023 101.15 100.55 103.00 100.55 0.769 times
16 Mon Jan 2023 101.90 102.00 104.00 101.50 1.08 times
13 Fri Jan 2023 104.00 103.90 106.00 103.05 0.611 times
12 Thu Jan 2023 103.85 107.00 107.00 103.00 0.781 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 100.7, but if it comes above 100.7, then a intra day buy could be more profitable.
If you take a sell trade below 100.7, then use 100.7 as stoploss and 96 as target. However if you take a buy trade in stock , then use 100.7 as stoploss and 104.51 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 94.50
Downside Target 97.00
Upside Target 100.00
Upside Target 102.60
Upside Target 109.00
Upside Target 113.50
Upside Target 115.00
Upside Target 121.00
Upside Target 121.40
Upside Target 123.05
Upside Target 141.00
Upside Target 150.00
Upside Target 151.60

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 93.97
Downside Intraday Target 89.98
Upside Intraday Target 102.47
Upside Intraday Target 106.98
Upside Intraday Target 98.48

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
25 Wed Jan 2023 97.95 102.00 103.00 94.50 0.768 times
20 Fri Jan 2023 101.35 102.00 104.00 97.00 1.47 times
13 Fri Jan 2023 104.00 109.00 109.00 102.60 0.931 times
06 Fri Jan 2023 108.10 111.95 113.50 106.50 0.755 times
30 Fri Dec 2022 108.40 103.00 115.00 103.00 0.842 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
25 Wed Jan 2023 97.95 111.95 113.50 94.50 0.636 times
30 Fri Dec 2022 108.40 120.75 121.40 100.00 0.536 times
30 Wed Nov 2022 117.75 124.45 151.60 105.70 4.667 times
31 Mon Oct 2022 127.00 131.50 141.00 123.05 0.382 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 6, 21, 56 Sell
MACD -8, -7Sell
Stochastics 28Sell
CCI -123Sell
RSI 50Sell
OBV -27134Sell
VWAP 101Sell
ADL 0Sell
ROC -8Sell
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 Strong 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 below 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 SELL signal in short term but selling 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 100.63 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

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Daily charts

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Daily chart

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