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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 2022-11-22 View latest technical analysis

10 day averaged volume of Gitarenew is 8799

Date Daily Closing Price Open High Low Volume
22 Tue Nov 2022 117.80 127.90 127.90 115.00 0.577 times
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.395 times
18 Fri Nov 2022 119.25 118.80 128.80 115.00 0.5 times
17 Thu Nov 2022 123.80 129.80 134.00 107.00 1.888 times
16 Wed Nov 2022 127.25 127.60 138.50 105.70 2.371 times
15 Tue Nov 2022 132.10 139.00 139.00 130.00 0.267 times
14 Mon Nov 2022 135.90 133.95 145.00 132.00 1.149 times
11 Fri Nov 2022 129.00 128.90 151.60 110.00 1.549 times
10 Thu Nov 2022 126.35 130.10 140.00 125.00 1.247 times
09 Wed Nov 2022 130.75 130.05 133.85 130.05 0.122 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 118.5, for a target of 123.7 or 127.95

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 105.70
Downside Target 110.00
Downside Target 115.00
Upside Target 121.00
Upside Target 127.90
Upside Target 132.20
Upside Target 139.00
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 112.57
Downside Intraday Target 107.33
Upside Intraday Target 125.47
Upside Intraday Target 133.13
Upside Intraday Target 120.23

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
22 Tue Nov 2022 117.80 125.95 127.90 115.00 0.157 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 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
22 Tue Nov 2022 117.80 124.45 151.60 105.70 3.679 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 6, 19, 51 Sell
MACD -5, -4Sell
Stochastics 32None
CCI -83Sell
RSI 46Sell
OBV -31805Sell
VWAP 127Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 126.83 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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