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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 2022-08-05 View latest technical analysis

10 day averaged volume of Gitarenew is 2504

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 143.60 149.00 149.00 142.00 0.979 times
04 Thu Aug 2022 146.30 150.25 150.25 140.25 1.391 times
03 Wed Aug 2022 145.65 149.00 154.00 145.55 1.645 times
02 Tue Aug 2022 146.70 149.00 151.00 143.05 1.883 times
01 Mon Aug 2022 147.15 140.50 153.00 140.50 1.074 times
29 Fri Jul 2022 144.95 145.00 148.90 143.20 0.669 times
28 Thu Jul 2022 145.75 148.45 150.00 145.00 0.673 times
27 Wed Jul 2022 148.45 142.00 151.00 140.00 1.414 times
26 Tue Jul 2022 143.45 145.20 149.00 143.10 0.522 times
25 Mon Jul 2022 147.20 146.50 148.00 142.00 0.448 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 143.2, for a target of 144.8 or 146.2

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 135.00
Downside Target 139.00
Upside Target 145.00
Upside Target 151.00
Upside Target 154.00
Upside Target 160.60
Upside Target 160.70
Upside Target 166.00
Upside Target 170.00
Upside Target 184.20
Upside Target 204.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 137.9
Downside Intraday Target 132.2
Upside Intraday Target 151.65
Upside Intraday Target 159.7
Upside Intraday Target 145.95

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 143.60 140.50 154.00 140.25 1.871 times
29 Fri Jul 2022 144.95 146.50 151.00 140.00 1.098 times
22 Fri Jul 2022 146.95 145.00 154.00 142.00 1.573 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

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
05 Fri Aug 2022 143.60 140.50 154.00 140.25 0.505 times
29 Fri Jul 2022 144.95 145.05 166.00 139.00 0.633 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

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, 16, 10 Sell
MACD -4, -4Buy
Stochastics 37None
CCI -109Sell
RSI 51Buy
OBV -3676Sell
VWAP 146Sell
ADL 0Sell
ROC -2Sell
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 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 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 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 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 146.17 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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