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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 2022-09-27 View latest technical analysis

10 day averaged volume of Gitarenew is 2593

Date Daily Closing Price Open High Low Volume
27 Tue Sep 2022 136.25 133.65 142.00 133.65 0.71 times
26 Mon Sep 2022 133.65 143.70 143.70 130.00 1.027 times
23 Fri Sep 2022 137.75 139.85 139.85 136.00 0.702 times
22 Thu Sep 2022 137.70 134.05 140.00 133.05 1.741 times
21 Wed Sep 2022 132.30 140.00 141.00 132.00 1.246 times
20 Tue Sep 2022 136.55 140.00 140.00 131.30 0.97 times
19 Mon Sep 2022 136.10 137.75 140.90 121.00 0.746 times
16 Fri Sep 2022 140.55 142.00 142.00 139.00 0.659 times
15 Thu Sep 2022 141.25 140.35 142.00 137.60 0.56 times
14 Wed Sep 2022 139.10 139.00 141.95 137.60 0.534 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 135 as stoploss in an intra day buy trade for a target of 138.35. However, stock will show a bearish move below 135.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 121.00
Downside Target 130.00
Downside Target 133.00
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 129.6
Downside Intraday Target 122.95
Upside Intraday Target 143.3
Upside Intraday Target 150.35
Upside Intraday Target 136.65

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
27 Tue Sep 2022 136.25 143.70 143.70 130.00 0.321 times
23 Fri Sep 2022 137.75 137.75 141.00 121.00 1.095 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

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
27 Tue Sep 2022 136.25 131.00 150.00 121.00 1.168 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 up 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 5, 24, 63 Sell
MACD -3, -3Sell
Stochastics 62None
CCI 4Buy
RSI 49Sell
OBV 8310Sell
VWAP 137Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Gitarenew in short term and BUY 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 136.62 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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