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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 2024-05-31 View latest technical analysis

10 day averaged volume of Panama Petrochem is 607682

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	358.90	364.20	368.85	356.10	0.149 times
30 Thu May 2024	364.20	373.60	379.20	361.60	0.282 times
29 Wed May 2024	376.00	378.10	384.05	372.50	0.423 times
28 Tue May 2024	378.85	372.90	399.00	366.00	3.752 times
27 Mon May 2024	368.70	348.25	392.00	347.10	4.252 times
24 Fri May 2024	347.25	349.30	351.45	345.00	0.157 times
23 Thu May 2024	348.45	351.30	352.35	342.95	0.247 times
22 Wed May 2024	352.95	348.90	358.60	345.95	0.395 times
21 Tue May 2024	347.60	340.05	351.35	337.00	0.241 times
18 Sat May 2024	340.45	333.50	341.95	331.40	0.058 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 361.1 as stoploss in an intra day sell trade for a target of 344.43. However, stock will show a bullish move above 361.1.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	337.00
Downside Target	352.80
Downside Target	355.35
Downside Target	358.60
Upside Target	362.00
Upside Target	365.95
Upside Target	387.00
Upside Target	399.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	337.67
Downside Intraday Target	316.43
Upside Intraday Target	389.57
Upside Intraday Target	420.23
Upside Intraday Target	368.33

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	358.90	348.25	399.00	347.10	8.524 times
24 Fri May 2024	347.25	340.05	358.60	337.00	1.376 times
18 Sat May 2024	340.45	327.35	341.95	322.20	0.993 times
10 Fri May 2024	326.75	349.00	351.95	324.05	0.507 times
03 Fri May 2024	347.95	336.90	352.80	328.00	2.89 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Panama Petrochem (PANAMAPET)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	358.90	336.40	399.00	322.20	3.753 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 up this month, and volume has increased substantially. This means that the move can 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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.

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 green color and prices are in or below the green 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 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 370.42 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.