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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 2022-11-24 View latest technical analysis

10 day averaged volume of Gitarenew is 9133

Date Daily Closing Price Open High Low Volume
24 Thu Nov 2022 116.60 111.95 123.80 111.95 0.527 times
23 Wed Nov 2022 115.80 121.80 121.80 115.00 0.421 times
22 Tue Nov 2022 117.80 127.90 127.90 115.00 0.555 times
21 Mon Nov 2022 123.50 125.95 125.95 115.00 0.38 times
18 Fri Nov 2022 119.25 118.80 128.80 115.00 0.482 times
17 Thu Nov 2022 123.80 129.80 134.00 107.00 1.819 times
16 Wed Nov 2022 127.25 127.60 138.50 105.70 2.284 times
15 Tue Nov 2022 132.10 139.00 139.00 130.00 0.258 times
14 Mon Nov 2022 135.90 133.95 145.00 132.00 1.107 times
11 Fri Nov 2022 129.00 128.90 151.60 110.00 1.492 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 114.6, for a target of 121.3 or 126.81

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 105.70
Downside Target 110.00
Upside Target 121.00
Upside Target 127.90
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 109.73
Downside Intraday Target 102.87
Upside Intraday Target 125.68
Upside Intraday Target 134.77
Upside Intraday Target 118.82

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
24 Thu Nov 2022 116.60 125.95 127.90 111.95 0.317 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
24 Thu Nov 2022 116.60 124.45 151.60 105.70 4.002 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, 19, 56 Sell
MACD -7, -5Sell
Stochastics 24Sell
CCI -83Sell
RSI 45Sell
OBV -30615Sell
VWAP 126Sell
ADL 0Sell
ROC -8Sell
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 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 gaining momentum.

MACD generated a SELL signal for Gitarenew in short term and the sell signal is strong.

Gitarenew Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 125.77 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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