(PennarSteel) Pennar Steel complete technical analysis [charts+indicators] | Buy/Sell Pennar Steel | (PennarSteel) share price targets
Complete technical analysis of Pennar Steel (PennarSteel) by charts plus indicators, forecast predictions and share price targets for Pennar Steel (PennarSteel)
Showing technical analysis as on 2024-05-22 View latest technical analysis
10 day averaged volume of Pennar Steel is 62069
Date | Daily Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 133.70 | 133.20 | 137.45 | 132.40 | 0.445 times |
21 Tue May 2024 | 135.10 | 135.80 | 136.00 | 133.00 | 1.002 times |
18 Sat May 2024 | 136.05 | 134.15 | 137.25 | 134.15 | 0.099 times |
17 Fri May 2024 | 135.70 | 135.60 | 138.60 | 133.05 | 2.179 times |
16 Thu May 2024 | 134.70 | 126.95 | 139.00 | 126.95 | 2.524 times |
15 Wed May 2024 | 131.90 | 131.45 | 133.35 | 131.15 | 0.347 times |
14 Tue May 2024 | 131.40 | 132.05 | 132.40 | 129.35 | 0.902 times |
13 Mon May 2024 | 128.90 | 124.65 | 132.00 | 122.65 | 1.347 times |
10 Fri May 2024 | 126.45 | 125.20 | 127.05 | 123.25 | 0.662 times |
09 Thu May 2024 | 124.40 | 129.95 | 130.00 | 123.10 | 0.228 times |
My analysis of stock is bearish for shortterm, and stock might move down till 129.2 or till 123.6. Use a stoploss of 133.79 and if the stock hits stoploss, then it can shoot up till 138.41
Share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Target | 107.00 |
Downside Target | 116.30 |
Downside Target | 122.65 |
Downside Target | 130.10 |
Upside Target | 137.45 |
Upside Target | 139.75 |
Upside Target | 139.95 |
Upside Target | 142.70 |
Upside Target | 144.45 |
Upside Target | 156.90 |
Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Intraday Target | 131.58 |
Downside Intraday Target | 129.47 |
Upside Intraday Target | 136.63 |
Upside Intraday Target | 139.57 |
Upside Intraday Target | 134.52 |
Weekly technical analysis of Pennar Steel (PennarSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 133.70 | 135.80 | 137.45 | 132.40 | 0.196 times |
18 Sat May 2024 | 136.05 | 124.65 | 139.00 | 122.65 | 1.501 times |
10 Fri May 2024 | 126.45 | 137.65 | 137.65 | 123.10 | 2.061 times |
03 Fri May 2024 | 134.60 | 141.25 | 142.70 | 132.75 | 0.179 times |
26 Fri Apr 2024 | 138.85 | 132.60 | 144.45 | 130.10 | 1.713 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 Pennar Steel (PennarSteel)
Date | Monthly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 133.70 | 138.70 | 139.75 | 122.65 | 0.468 times |
30 Tue Apr 2024 | 136.90 | 134.25 | 144.45 | 116.30 | 0.892 times |
28 Thu Mar 2024 | 133.15 | 135.30 | 139.95 | 107.00 | 1.064 times |
29 Thu Feb 2024 | 134.10 | 154.55 | 162.30 | 131.20 | 0.533 times |
Scroll below to view daily charts
Price has moved down 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 Pennar Steel (PennarSteel)
Price action analysis of Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a short 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 Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term but SELL 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Pennar Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 132.92 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.
Pennar Steel Stock is giving positive 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 Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a short 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 Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term but SELL 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Pennar Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 132.92 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.
Pennar Steel Stock is giving positive 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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