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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 2024-04-22 View latest technical analysis

10 day averaged volume of Panama Petrochem is 110427

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	340.70	338.65	344.90	338.65	0.651 times
19 Fri Apr 2024	338.10	327.20	342.50	325.25	0.999 times
18 Thu Apr 2024	334.60	334.70	347.40	332.50	1.285 times
16 Tue Apr 2024	333.60	321.00	340.95	321.00	1.391 times
15 Mon Apr 2024	321.70	325.05	326.90	316.05	0.746 times
12 Fri Apr 2024	329.35	332.05	336.55	328.50	1.032 times
10 Wed Apr 2024	333.75	334.95	338.40	332.05	0.805 times
09 Tue Apr 2024	335.10	339.90	342.40	331.10	0.877 times
08 Mon Apr 2024	338.20	345.80	347.05	337.05	0.71 times
05 Fri Apr 2024	344.05	344.00	346.45	339.85	0.914 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 343 as stoploss in an intra day sell trade for a target of 334.72. However, stock will show a bullish move above 343.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	328.50
Upside Target	347.05
Upside Target	347.40
Upside Target	355.00
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	337.93
Downside Intraday Target	335.17
Upside Intraday Target	344.18
Upside Intraday Target	347.67
Upside Intraday Target	341.42

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	340.70	338.65	344.90	338.65	0.147 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
28 Thu Mar 2024	332.50	325.00	339.90	321.70	0.804 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
22 Mon Apr 2024	340.70	334.15	355.35	316.05	0.528 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Panama Petrochem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 334.81 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 falling down

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.