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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 2022-09-21 View latest technical analysis

10 day averaged volume of Gitarenew is 2912

Date Daily Closing Price Open High Low Volume
21 Wed Sep 2022 132.30 140.00 141.00 132.00 1.11 times
20 Tue Sep 2022 136.55 140.00 140.00 131.30 0.864 times
19 Mon Sep 2022 136.10 137.75 140.90 121.00 0.664 times
16 Fri Sep 2022 140.55 142.00 142.00 139.00 0.587 times
15 Thu Sep 2022 141.25 140.35 142.00 137.60 0.499 times
14 Wed Sep 2022 139.10 139.00 141.95 137.60 0.475 times
13 Tue Sep 2022 139.85 139.20 145.00 139.20 1.614 times
12 Mon Sep 2022 140.00 146.50 146.50 138.20 1.221 times
09 Fri Sep 2022 143.60 148.00 148.00 140.05 0.726 times
08 Thu Sep 2022 143.70 140.00 150.00 138.00 2.662 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 134.8, but if it comes above 134.8, then a intra day buy could be more profitable.
If you take a sell trade below 134.8, then use 134.8 as stoploss and 130.7 as target. However if you take a buy trade in stock , then use 134.8 as stoploss and 138.16 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 121.00
Upside Target 133.00
Upside Target 144.00
Upside Target 145.00
Upside Target 146.50
Upside Target 150.00
Upside Target 154.00
Upside Target 166.00
Upside Target 170.00
Upside Target 184.20

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 121.87
Downside Intraday Target 111.43
Upside Intraday Target 141.87
Upside Intraday Target 151.43
Downside Intraday Target 131.43

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
21 Wed Sep 2022 132.30 137.75 141.00 121.00 0.6 times
16 Fri Sep 2022 140.55 146.50 146.50 137.60 0.635 times
09 Fri Sep 2022 143.60 148.00 150.00 133.00 1.198 times
02 Fri Sep 2022 139.20 132.15 144.00 121.10 1.502 times
26 Fri Aug 2022 134.40 138.95 140.00 133.00 0.767 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
21 Wed Sep 2022 132.30 131.00 150.00 121.00 0.971 times
30 Tue Aug 2022 134.00 140.50 154.00 121.10 1.594 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

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 8, 26, 52 Sell
MACD -3, -3Sell
Stochastics 48None
CCI -99Sell
RSI 50Buy
OBV -53Sell
VWAP 140Sell
ADL 0Sell
ROC -6Sell
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 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 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 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 139.87 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.

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Daily charts

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Daily chart

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