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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 2022-11-21 View latest technical analysis

10 day averaged volume of Gitarenew is 8549

Date Daily Closing Price Open High Low Volume
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.406 times
18 Fri Nov 2022 119.25 118.80 128.80 115.00 0.515 times
17 Thu Nov 2022 123.80 129.80 134.00 107.00 1.943 times
16 Wed Nov 2022 127.25 127.60 138.50 105.70 2.44 times
15 Tue Nov 2022 132.10 139.00 139.00 130.00 0.275 times
14 Mon Nov 2022 135.90 133.95 145.00 132.00 1.182 times
11 Fri Nov 2022 129.00 128.90 151.60 110.00 1.594 times
10 Thu Nov 2022 126.35 130.10 140.00 125.00 1.284 times
09 Wed Nov 2022 130.75 130.05 133.85 130.05 0.125 times
07 Mon Nov 2022 131.85 135.00 135.00 128.20 0.527 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 124.7, but if it comes above 124.7, then a intra day buy could be more profitable.
If you take a sell trade below 124.7, then use 124.7 as stoploss and 120.3 as target. However if you take a buy trade in stock , then use 124.7 as stoploss and 128.36 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 105.70
Downside Target 110.00
Downside Target 115.00
Downside Target 121.00
Upside Target 132.20
Upside Target 139.00
Upside Target 141.00
Upside Target 145.00
Upside Target 150.00
Upside Target 151.60
Upside Target 154.00
Upside Target 166.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 117.02
Downside Intraday Target 110.53
Upside Intraday Target 127.97
Upside Intraday Target 132.43
Downside Intraday Target 121.48

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.064 times
18 Fri Nov 2022 119.25 133.95 145.00 105.70 1.8 times
11 Fri Nov 2022 129.00 135.00 151.60 110.00 3.748 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

Price has moved up 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 Mon Nov 2022 123.50 124.45 151.60 105.70 3.49 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Gitarenew (Gitarenew)

Indicator Name Indicator Value Indicator Signal
ADX 5, 21, 60 Sell
MACD -4, -3Sell
Stochastics 36None
CCI -90Buy
RSI 48Sell
OBV -27686Sell
VWAP 128Sell
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 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.

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 moving up

CCI has generated a buy signal for Gitarenew in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 127.61 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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