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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 2022-09-29 View latest technical analysis

10 day averaged volume of Gitarenew is 2284

Date Daily Closing Price Open High Low Volume
29 Thu Sep 2022 131.70 141.00 141.00 128.05 1.391 times
28 Wed Sep 2022 134.70 132.20 141.00 132.20 0.508 times
27 Tue Sep 2022 136.25 133.65 142.00 133.65 0.806 times
26 Mon Sep 2022 133.65 143.70 143.70 130.00 1.166 times
23 Fri Sep 2022 137.75 139.85 139.85 136.00 0.797 times
22 Thu Sep 2022 137.70 134.05 140.00 133.05 1.977 times
21 Wed Sep 2022 132.30 140.00 141.00 132.00 1.415 times
20 Tue Sep 2022 136.55 140.00 140.00 131.30 1.102 times
19 Mon Sep 2022 136.10 137.75 140.90 121.00 0.847 times
16 Fri Sep 2022 140.55 142.00 142.00 139.00 0.748 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 130.9, for a target of 135 or 138.33

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 121.00
Downside Target 128.05
Upside 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 125.27
Downside Intraday Target 118.83
Upside Intraday Target 140.92
Upside Intraday Target 150.13
Upside Intraday Target 134.48

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
29 Thu Sep 2022 131.70 143.70 143.70 128.05 0.631 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
29 Thu Sep 2022 131.70 131.00 150.00 121.00 1.246 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 4, 24, 71 Sell
MACD -4, -3Sell
Stochastics 58None
CCI -108Sell
RSI 49Sell
OBV 3791Sell
VWAP 135Sell
ADL 0Sell
ROC -7Sell
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 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 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 gaining 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. Bulls are getting tired and bears are picking up momentum.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Gitarenew is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 135.48 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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