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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.

Showing technical analysis as on 2024-04-04 View latest technical analysis

10 day averaged volume of Panama Petrochem is 139365

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	344.05	346.00	354.95	341.10	0.983 times
03 Wed Apr 2024	345.90	352.80	355.35	344.90	0.94 times
02 Tue Apr 2024	353.55	336.65	354.95	336.65	1.241 times
01 Mon Apr 2024	334.95	334.15	343.70	333.00	0.865 times
28 Thu Mar 2024	332.50	330.00	337.00	326.65	0.623 times
27 Wed Mar 2024	332.15	333.90	339.90	326.35	1.183 times
26 Tue Mar 2024	334.65	325.00	339.45	321.70	1.799 times
22 Fri Mar 2024	323.35	320.80	325.35	320.80	0.634 times
21 Thu Mar 2024	321.75	323.50	328.95	320.30	0.996 times
20 Wed Mar 2024	322.40	318.00	326.45	313.50	0.913 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 344.3 as stoploss in an intra day sell trade for a target of 331.72. However, stock will show a bullish move above 344.3.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	321.70
Downside Target	333.00
Downside Target	339.90
Upside Target	355.00
Upside Target	355.35
Upside Target	356.00
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	332.92
Downside Intraday Target	321.78
Upside Intraday Target	355.27
Upside Intraday Target	366.48
Upside Intraday Target	344.13

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	344.05	334.15	355.35	333.00	1.118 times
28 Thu Mar 2024	332.50	325.00	339.90	321.70	0.804 times
22 Fri Mar 2024	323.35	326.60	333.00	312.00	0.618 times
15 Fri Mar 2024	324.95	345.10	356.00	299.80	1.486 times
07 Thu Mar 2024	345.65	351.45	362.00	340.10	0.282 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 Panama Petrochem (PANAMAPET)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	344.05	334.15	355.35	333.00	0.185 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
31 Wed Jan 2024	359.20	332.90	365.95	308.00	0.75 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 Panama Petrochem (PANAMAPET)

Price action analysis of Panama Petrochem ( (PANAMAPET) ) 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 Panama Petrochem ( (PANAMAPET) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Panama Petrochem 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.

Panama Petrochem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 Panama Petrochem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Panama Petrochem is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 335.44 and Panama Petrochem (PANAMAPET) 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 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 negative.

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