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

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

Showing technical analysis as on 2024-01-15 View latest technical analysis

10 day averaged volume of Parnaxlab is 6445

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	90.27	93.50	93.50	89.00	0.402 times
12 Fri Jan 2024	91.00	90.00	92.10	88.12	0.645 times
11 Thu Jan 2024	90.00	89.95	93.50	88.00	0.878 times
10 Wed Jan 2024	90.88	86.50	92.84	85.45	1.026 times
09 Tue Jan 2024	87.56	89.50	89.50	86.51	0.2 times
08 Mon Jan 2024	86.62	88.16	96.00	86.01	1.27 times
05 Fri Jan 2024	88.16	91.40	93.00	87.60	1.365 times
04 Thu Jan 2024	90.76	87.05	91.97	86.17	2.007 times
03 Wed Jan 2024	88.83	88.65	89.00	87.10	1.064 times
02 Tue Jan 2024	87.04	89.20	89.20	85.30	0.72 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 89.9, but if it comes below 89.9, then a intra day sell could be more profitable.
If you take a sell trade below 89.9, then use 89.9 as stoploss and 87.43 as target. However if you take a buy trade in stock , then use 89.9 as stoploss and 92.8 as target.

Share price targets for Parnaxlab (Parnaxlab)

Target Type	Value
Downside Target	75.60
Downside Target	80.00
Downside Target	89.00
Upside Target	93.00
Upside Target	93.50
Upside Target	96.00
Upside Target	97.80
Upside Target	100.00
Upside Target	100.48
Upside Target	102.40

Intraday share price targets for Parnaxlab (Parnaxlab)

Target Type	Value
Downside Intraday Target	88.35
Downside Intraday Target	86.42
Upside Intraday Target	92.85
Upside Intraday Target	95.42
Upside Intraday Target	90.92

Weekly technical analysis of Parnaxlab (Parnaxlab)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	90.27	93.50	93.50	89.00	0.1 times
12 Fri Jan 2024	91.00	88.16	96.00	85.45	0.672 times
05 Fri Jan 2024	88.16	88.90	93.00	84.51	1.164 times
29 Fri Dec 2023	88.16	91.00	91.00	83.30	0.667 times
22 Fri Dec 2023	86.89	88.00	90.59	80.00	0.952 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 Parnaxlab (Parnaxlab)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	90.27	88.90	96.00	84.51	0.356 times
29 Fri Dec 2023	88.16	100.00	100.00	80.00	1.037 times
30 Thu Nov 2023	99.07	85.50	102.40	75.60	1.665 times
31 Tue Oct 2023	85.35	87.50	100.48	81.70	0.489 times

Scroll below to view daily charts

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 Parnaxlab (Parnaxlab)

Price action analysis of Parnaxlab ( (Parnaxlab) ) 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 Parnaxlab ( (Parnaxlab) ) 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 Parnaxlab ( (Parnaxlab) ) 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 Parnaxlab ( (Parnaxlab) ) 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 Parnaxlab stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Parnaxlab 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.

Parnaxlab 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. Bulls are getting tired and bears are picking up momentum.

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 buy signal for Parnaxlab 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 Parnaxlab is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.22 and Parnaxlab (Parnaxlab) 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 Parnaxlab (Parnaxlab) stock. Volume based technical analysis of Parnaxlab (Parnaxlab) stock is negative.

Parnaxlab 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.