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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 2024-04-12 View latest technical analysis

10 day averaged volume of Panama Petrochem is 117835

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	329.35	332.05	336.55	328.50	0.967 times
10 Wed Apr 2024	333.75	334.95	338.40	332.05	0.755 times
09 Tue Apr 2024	335.10	339.90	342.40	331.10	0.822 times
08 Mon Apr 2024	338.20	345.80	347.05	337.05	0.666 times
05 Fri Apr 2024	344.05	344.00	346.45	339.85	0.857 times
04 Thu Apr 2024	344.05	346.00	354.95	341.10	1.162 times
03 Wed Apr 2024	345.90	352.80	355.35	344.90	1.112 times
02 Tue Apr 2024	353.55	336.65	354.95	336.65	1.468 times
01 Mon Apr 2024	334.95	334.15	343.70	333.00	1.023 times
28 Thu Mar 2024	332.50	330.00	337.00	326.65	0.736 times

My analysis of stock is bearish for shortterm, and stock might move down till 319.6 or till 306.2. Use a stoploss of 330.79 and if the stock hits stoploss, then it can shoot up till 341.98

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	321.70
Downside Target	328.50
Upside Target	339.90
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	322.88
Downside Intraday Target	316.42
Upside Intraday Target	341.43
Upside Intraday Target	353.52
Upside Intraday Target	334.97

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
12 Fri Apr 2024	329.35	334.15	355.35	328.50	0.343 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 340.39 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 has given negative 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.