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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)

10 day averaged volume of Gitarenew is 3020

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 170.70 170.70 170.70 170.70 1.112 times
20 Mon May 2024 174.15 174.15 174.15 174.15 0.042 times
17 Fri May 2024 177.70 177.70 177.70 177.70 0.933 times
16 Thu May 2024 181.30 181.30 181.30 181.30 0.413 times
15 Wed May 2024 185.00 185.00 185.00 185.00 0.752 times

My analysis of stock is bearish for shortterm, and stock might move down till 153.3 or till 128.6. Use a stoploss of 173.8 and if the stock hits stoploss, then it can shoot up till 194.35

Share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Target 130.25
Downside Target 137.00
Downside Target 145.55
Downside Target 152.00
Downside Target 160.40
Downside Target 168.40
Upside Target 177.70
Upside Target 185.60
Upside Target 192.60
Upside Target 204.55
Upside Target 243.85
Upside Target 310.30

Intraday share price targets for Gitarenew (Gitarenew)

Target Type Value
Downside Intraday Target 169.55
Downside Intraday Target 168.4
Upside Intraday Target 173
Upside Intraday Target 175.3
Upside Intraday Target 171.85

Weekly technical analysis of Gitarenew (Gitarenew)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 170.70 174.15 174.15 170.70 0.368 times
17 Fri May 2024 177.70 192.60 192.60 177.70 0.323 times
10 Fri May 2024 196.50 185.60 204.55 185.60 0.935 times
03 Fri May 2024 176.80 152.80 176.80 152.80 2.531 times
26 Fri Apr 2024 145.55 142.10 145.55 137.00 1.362 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
21 Tue May 2024 170.70 168.40 204.55 168.40 1.138 times
30 Tue Apr 2024 160.40 155.05 160.40 137.00 0.747 times
28 Thu Mar 2024 158.20 173.15 174.85 130.25 1.385 times
29 Thu Feb 2024 176.65 243.85 243.85 173.30 0.066 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Gitarenew (Gitarenew)

Indicator Name Indicator Value Indicator Signal
ADX 42, 56, 14 Sell
MACD 8, 11Sell
Stochastics 0Sell
CCI -117Sell
RSI 68Buy
OBV 29315Sell
VWAP 193Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gitarenew stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Gitarenew in short term but the sell signal is initial and weak.

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 in or above 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 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 192.94 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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