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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 2023-05-24 View latest technical analysis

10 day averaged volume of Gitarenew is 5229

Date Daily Closing Price Open High Low Volume
24 Wed May 2023 73.14 74.00 75.99 71.50 2.582 times
23 Tue May 2023 76.08 79.40 79.40 75.05 0.872 times
22 Mon May 2023 77.81 79.50 79.50 76.00 0.609 times
19 Fri May 2023 77.95 79.15 80.00 76.50 0.697 times
18 Thu May 2023 77.60 78.00 82.00 77.00 1.047 times
17 Wed May 2023 76.49 75.50 79.11 75.50 0.939 times
16 Tue May 2023 75.35 79.45 79.45 73.50 1.002 times
15 Mon May 2023 77.54 78.82 81.50 76.30 1.155 times
12 Fri May 2023 78.82 81.00 82.00 77.20 1.094 times
11 Thu May 2023 79.28 82.00 82.00 75.50 1.648 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 74.5, but if it comes above 74.5, then a intra day buy could be more profitable.
If you take a sell trade below 74.5, then use 74.5 as stoploss and 72 as target. However if you take a buy trade in stock , then use 74.5 as stoploss and 76.67 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 70.00
Downside Target 71.50
Upside Target 73.50
Upside Target 78.60
Upside Target 82.00
Upside Target 84.50
Upside Target 85.18
Upside Target 88.00
Upside Target 92.64
Upside Target 94.50
Upside Target 100.75
Upside Target 113.50
Upside Target 123.00

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 69.93
Downside Intraday Target 66.71
Upside Intraday Target 77.93
Upside Intraday Target 82.71
Upside Intraday Target 74.71

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
24 Wed May 2023 73.14 79.50 79.50 71.50 0.839 times
19 Fri May 2023 77.95 78.82 82.00 73.50 0.556 times
12 Fri May 2023 78.82 83.25 85.18 75.10 0.599 times
05 Fri May 2023 81.35 75.00 84.50 70.00 2.732 times
28 Fri Apr 2023 76.69 81.00 82.28 74.00 1.208 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 Wed May 2023 73.14 75.00 85.18 70.00 1.834 times
28 Fri Apr 2023 76.69 92.64 92.64 74.00 1.481 times
31 Fri Mar 2023 89.54 94.95 100.75 78.60 0.367 times
28 Tue Feb 2023 91.75 99.00 123.00 88.00 3.229 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)

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 76.59 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.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 76.59 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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