(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 2022-11-29 View latest technical analysis
10 day averaged volume of Gitarenew is 7082
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Nov 2022 | 119.10 | 122.00 | 122.00 | 115.50 | 0.633 times |
| 28 Mon Nov 2022 | 116.10 | 115.40 | 122.85 | 115.00 | 0.854 times |
| 25 Fri Nov 2022 | 116.00 | 119.00 | 119.00 | 113.85 | 0.472 times |
| 24 Thu Nov 2022 | 116.60 | 111.95 | 123.80 | 111.95 | 0.679 times |
| 23 Wed Nov 2022 | 115.80 | 121.80 | 121.80 | 115.00 | 0.543 times |
| 22 Tue Nov 2022 | 117.80 | 127.90 | 127.90 | 115.00 | 0.716 times |
| 21 Mon Nov 2022 | 123.50 | 125.95 | 125.95 | 115.00 | 0.49 times |
| 18 Fri Nov 2022 | 119.25 | 118.80 | 128.80 | 115.00 | 0.621 times |
| 17 Thu Nov 2022 | 123.80 | 129.80 | 134.00 | 107.00 | 2.346 times |
| 16 Wed Nov 2022 | 127.25 | 127.60 | 138.50 | 105.70 | 2.946 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 118.6 as stoploss in an intra day buy trade for a target of 124.91. However, stock will show a bearish move below 118.6.
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 | 115.12 |
| Downside Intraday Target | 111.13 |
| Upside Intraday Target | 122.97 |
| Upside Intraday Target | 126.83 |
| Downside Intraday Target | 118.98 |
Weekly technical analysis of Gitarenew (Gitarenew)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Nov 2022 | 119.10 | 115.40 | 122.85 | 115.00 | 0.512 times |
| 25 Fri Nov 2022 | 116.00 | 125.95 | 127.90 | 111.95 | 0.378 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 |
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 |
| 29 Tue Nov 2022 | 119.10 | 124.45 | 151.60 | 105.70 | 4.519 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 | 8, 16, 36 | Sell |
| MACD | -7, -6 | Sell |
| Stochastics | 33 | None |
| CCI | -25 | Buy |
| RSI | 46 | Sell |
| OBV | -22662 | Sell |
| VWAP | 122 | Sell |
| ADL | 0 | Sell |
| ROC | -10 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 losing momentum.
MACD generated a SELL signal for Gitarenew in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
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 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 121.9 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.
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