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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 2024-06-03 View latest technical analysis

10 day averaged volume of Panama Petrochem is 605016

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.326 times
31 Fri May 2024	358.90	364.20	368.85	356.10	0.15 times
30 Thu May 2024	364.20	373.60	379.20	361.60	0.284 times
29 Wed May 2024	376.00	378.10	384.05	372.50	0.425 times
28 Tue May 2024	378.85	372.90	399.00	366.00	3.769 times
27 Mon May 2024	368.70	348.25	392.00	347.10	4.271 times
24 Fri May 2024	347.25	349.30	351.45	345.00	0.158 times
23 Thu May 2024	348.45	351.30	352.35	342.95	0.248 times
22 Wed May 2024	352.95	348.90	358.60	345.95	0.397 times
21 Tue May 2024	347.60	340.05	351.35	337.00	0.242 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 362.4 as stoploss in an intra day sell trade for a target of 345.63. However, stock will show a bullish move above 362.4.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	337.00
Downside Target	355.90
Upside Target	358.60
Upside Target	362.00
Upside Target	375.40
Upside Target	387.00
Upside Target	399.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	350.6
Downside Intraday Target	343.5
Upside Intraday Target	370.1
Upside Intraday Target	382.5
Upside Intraday Target	363

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.037 times
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

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
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.026 times
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

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 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 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 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 gaining 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. Bears are getting stronger in this stock.

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 buy signal for Panama Petrochem in short term and BUY 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 370.19 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. 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 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.