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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 2024-04-08 View latest technical analysis

10 day averaged volume of Panama Petrochem is 139209

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	338.20	345.80	347.05	337.05	0.563 times
05 Fri Apr 2024	344.05	344.00	346.45	339.85	0.725 times
04 Thu Apr 2024	344.05	346.00	354.95	341.10	0.984 times
03 Wed Apr 2024	345.90	352.80	355.35	344.90	0.941 times
02 Tue Apr 2024	353.55	336.65	354.95	336.65	1.243 times
01 Mon Apr 2024	334.95	334.15	343.70	333.00	0.866 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	1.184 times
26 Tue Mar 2024	334.65	325.00	339.45	321.70	1.801 times
22 Fri Mar 2024	323.35	320.80	325.35	320.80	0.635 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 342.7 as stoploss in an intra day sell trade for a target of 330.99. However, stock will show a bullish move above 342.7.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	321.70
Downside Target	333.00
Upside Target	347.05
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	334.48
Downside Intraday Target	330.77
Upside Intraday Target	344.48
Upside Intraday Target	350.77
Upside Intraday Target	340.77

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	338.20	345.80	347.05	337.05	0.118 times
05 Fri Apr 2024	344.05	334.15	355.35	333.00	1.319 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

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
08 Mon Apr 2024	338.20	334.15	355.35	333.00	0.245 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Panama Petrochem in short term and the buy signal is strong.

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. 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 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

Although the stock is in the BUY zone, but buying 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 338.93 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 negative.

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