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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 2022-11-10 View latest technical analysis

10 day averaged volume of Gitarenew is 1716

Date Daily Closing Price Open High Low Volume
10 Thu Nov 2022 126.35 130.10 140.00 125.00 6.395 times
09 Wed Nov 2022 130.75 130.05 133.85 130.05 0.625 times
07 Mon Nov 2022 131.85 135.00 135.00 128.20 2.626 times
04 Fri Nov 2022 130.95 131.20 131.20 126.90 0.568 times
03 Thu Nov 2022 130.10 132.00 132.00 125.20 0.29 times
02 Wed Nov 2022 129.65 126.00 132.20 124.50 1.145 times
01 Tue Nov 2022 126.30 124.45 132.00 124.45 1.261 times
31 Mon Oct 2022 127.00 126.00 130.55 124.00 1.429 times
28 Fri Oct 2022 130.55 134.00 134.00 129.80 0.468 times
27 Thu Oct 2022 131.75 128.50 132.00 124.00 0.805 times

Stock of Gitarenew (Gitarenew) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 126.9, but if it comes above 126.9, then a intra day buy could be more profitable.
If you take a sell trade below 126.9, then use 126.9 as stoploss and 123.9 as target. However if you take a buy trade in stock , then use 126.9 as stoploss and 129.46 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 121.00
Upside Target 128.05
Upside Target 139.00
Upside Target 140.00
Upside Target 141.00
Upside Target 150.00
Upside Target 154.00
Upside Target 166.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 120.9
Downside Intraday Target 115.45
Upside Intraday Target 135.9
Upside Intraday Target 145.45
Upside Intraday Target 130.45

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
10 Thu Nov 2022 126.35 135.00 140.00 125.00 2.056 times
04 Fri Nov 2022 130.95 126.00 132.20 124.00 1.9 times
28 Fri Oct 2022 130.55 129.00 139.00 123.05 0.892 times
21 Fri Oct 2022 126.00 126.00 130.00 125.00 0.595 times
14 Fri Oct 2022 132.90 135.95 140.00 128.05 1.084 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
10 Thu Nov 2022 126.35 124.45 140.00 124.45 0.826 times
31 Mon Oct 2022 127.00 131.50 141.00 123.05 0.382 times
30 Fri Sep 2022 133.15 131.00 150.00 121.00 1.272 times
30 Tue Aug 2022 134.00 140.50 154.00 121.10 1.594 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 21, 8, 44 Buy
MACD -3, -4Buy
Stochastics 39None
CCI 40Sell
RSI 47Sell
OBV -11669Sell
VWAP 128Sell
ADL 0Sell
ROC 0Buy
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 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining 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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 128.39 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 is giving positive 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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