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

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

Panama Petrochem trades in NSE in Oil Marketing & Distribution sector.

10 day averaged volume of Panama Petrochem is 91576

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	334.25	336.40	342.80	329.65	1.173 times
30 Tue Apr 2024	335.10	333.25	341.25	333.20	1.249 times
29 Mon Apr 2024	331.65	336.90	337.45	328.00	0.879 times
26 Fri Apr 2024	335.75	333.45	336.75	332.05	0.557 times
25 Thu Apr 2024	333.45	334.25	339.80	332.00	0.678 times
24 Wed Apr 2024	338.40	337.50	342.45	335.10	0.97 times
23 Tue Apr 2024	340.15	342.45	342.45	336.95	0.451 times
22 Mon Apr 2024	340.70	338.65	344.90	338.65	0.785 times
19 Fri Apr 2024	338.10	327.20	342.50	325.25	1.205 times
18 Thu Apr 2024	334.60	334.70	347.40	332.50	1.549 times

My analysis of stock is bearish for shortterm, and stock might move down till 330.5 or till 322.7. Use a stoploss of 337.07 and if the stock hits stoploss, then it can shoot up till 343.62

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	328.00
Upside Target	342.80
Upside Target	344.90
Upside Target	347.05
Upside Target	347.40
Upside Target	355.35
Upside Target	362.00
Upside Target	365.95
Upside Target	387.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	327.23
Downside Intraday Target	320.22
Upside Intraday Target	342.03
Upside Intraday Target	349.82
Upside Intraday Target	335.02

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	334.25	336.90	342.80	328.00	0.96 times
26 Fri Apr 2024	335.75	338.65	344.90	332.00	0.645 times
19 Fri Apr 2024	338.10	325.05	347.40	316.05	1.291 times
12 Fri Apr 2024	329.35	345.80	347.05	328.50	0.571 times
05 Fri Apr 2024	344.05	334.15	355.35	333.00	1.319 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 Panama Petrochem (PANAMAPET)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	334.25	336.40	342.80	329.65	0.053 times
30 Tue Apr 2024	335.10	334.15	355.35	316.05	0.673 times
28 Thu Mar 2024	332.50	344.95	362.00	299.80	0.291 times
29 Thu Feb 2024	344.40	364.60	387.00	304.10	1.902 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 Panama Petrochem (PANAMAPET)

Price action analysis of Panama Petrochem ( (PANAMAPET) ) 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 Panama Petrochem ( (PANAMAPET) ) based on a short 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 Panama Petrochem ( (PANAMAPET) ) based on a short to mid 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 Panama Petrochem ( (PANAMAPET) ) 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 Panama Petrochem stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Panama Petrochem 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 Panama Petrochem in short term and SELL 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 Panama Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 335.93 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Panama Petrochem (PANAMAPET) stock. Volume based technical analysis of Panama Petrochem (PANAMAPET) stock is negative.

Panama Petrochem Stock is giving positive 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.