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(PENIND) Pennar Industries complete technical analysis [charts+indicators] | Buy/Sell Pennar Industries | (PENIND) share price targets

Complete technical analysis of Pennar Industries (PENIND) by charts plus indicators, forecast predictions and share price targets for Pennar Industries (PENIND)

10 day averaged volume of Pennar Industries is 1265499

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 197.30 187.00 199.00 180.85 1.75 times
19 Tue Nov 2024 181.80 185.00 187.80 179.41 0.428 times
18 Mon Nov 2024 182.61 179.95 184.53 173.00 0.537 times
14 Thu Nov 2024 177.23 175.38 179.50 172.11 0.87 times
13 Wed Nov 2024 173.29 180.20 180.20 167.70 2.072 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 198.4 as stoploss in an intra day sell trade for a target of 189.72. However, stock will show a bullish move above 198.4.

Share price targets for Pennar Industries (PENIND)

Target Type Value
Downside Target 162.27
Downside Target 173.00
Downside Target 179.80
Downside Target 185.00
Downside Target 191.00
Downside Target 197.00
Upside Target 199.00
Upside Target 199.20
Upside Target 201.33
Upside Target 204.12
Upside Target 210.00
Upside Target 215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type Value
Downside Intraday Target 180.53
Downside Intraday Target 163.77
Upside Intraday Target 206.53
Upside Intraday Target 215.77
Downside Intraday Target 189.77

Weekly technical analysis of Pennar Industries (PENIND)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 197.30 179.95 199.00 173.00 0.669 times
14 Thu Nov 2024 177.23 193.50 197.00 167.70 0.782 times
08 Fri Nov 2024 193.75 195.67 210.00 191.00 2.355 times
01 Fri Nov 2024 196.68 180.81 199.20 179.80 0.993 times
30 Wed Oct 2024 185.36 184.96 191.95 176.00 0.19 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 Pennar Industries (PENIND)

Date Monthly Closing Price Open High Low Volume
21 Thu Nov 2024 197.30 198.80 210.00 167.70 0.352 times
31 Thu Oct 2024 194.60 174.80 215.00 166.66 2.088 times
30 Mon Sep 2024 170.22 178.00 185.00 162.27 1.023 times
30 Fri Aug 2024 178.00 194.20 201.33 164.30 0.733 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 Pennar Industries (PENIND)

Indicator Name Indicator Value Indicator Signal
ADX 26, 22, 7 Buy
MACD 1, 3Sell
Stochastics 46None
CCI 25Buy
RSI 55Buy
OBV 4524492Sell
VWAP 190Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Pennar Industries ( (PENIND) ) 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 Pennar Industries ( (PENIND) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid term time period is

Price action analysis of Pennar Industries ( (PENIND) ) 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 Pennar Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Pennar Industries 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 189.76 and Pennar Industries (PENIND) 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 Industries (PENIND) stock. Volume based technical analysis of Pennar Industries (PENIND) stock is negative.

Pennar Industries 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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