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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 2022-07-20 View latest technical analysis

10 day averaged volume of Gitarenew is 1484

Date Daily Closing Price Open High Low Volume
20 Wed Jul 2022 145.45 147.90 147.90 143.30 1.29 times
19 Tue Jul 2022 145.30 154.00 154.00 143.00 1.714 times
18 Mon Jul 2022 148.65 145.00 149.95 142.00 1.3 times
15 Fri Jul 2022 145.30 150.80 150.80 143.30 0.445 times
14 Thu Jul 2022 146.55 150.00 150.00 140.00 0.471 times
13 Wed Jul 2022 145.45 151.00 151.00 142.50 0.664 times
12 Tue Jul 2022 146.40 153.00 153.00 146.00 1.168 times
11 Mon Jul 2022 148.10 153.00 153.00 148.00 0.892 times
08 Fri Jul 2022 147.75 146.55 151.50 146.55 0.41 times
07 Thu Jul 2022 147.85 149.00 156.00 139.00 1.769 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 146, but if it comes above 146, then a intra day buy could be more profitable.
If you take a sell trade below 146, then use 146 as stoploss and 143 as target. However if you take a buy trade in stock , then use 146 as stoploss and 148.45 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 135.00
Downside Target 139.00
Upside Target 153.00
Upside Target 160.60
Upside Target 160.70
Upside Target 166.00
Upside Target 170.00
Upside Target 183.30
Upside Target 184.20
Upside Target 204.00
Upside Target 229.70

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 140.3
Downside Intraday Target 135.15
Upside Intraday Target 152.3
Upside Intraday Target 159.15
Upside Intraday Target 147.15

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
20 Wed Jul 2022 145.45 145.00 154.00 142.00 1.183 times
15 Fri Jul 2022 145.30 153.00 153.00 140.00 0.651 times
08 Fri Jul 2022 147.75 157.25 160.70 139.00 0.823 times
01 Fri Jul 2022 153.70 156.00 166.00 142.30 1.031 times
24 Fri Jun 2022 149.30 140.00 157.00 135.10 0.417 times

Price has moved up 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
20 Wed Jul 2022 145.45 145.05 166.00 139.00 0.423 times
30 Thu Jun 2022 150.95 156.95 170.00 135.00 0.465 times
31 Tue May 2022 152.75 170.90 184.20 145.00 0.71 times
29 Fri Apr 2022 170.90 195.00 204.00 160.60 1.148 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 13, 14, 2 Sell
MACD -5, -6Buy
Stochastics 44None
CCI -102Sell
RSI 53Buy
OBV -3573Sell
VWAP 147Sell
ADL 0Sell
ROC -2Sell
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 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

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.

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 below the red cloud Prices appear to be moving up

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

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 146.74 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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