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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 2024-06-06 View latest technical analysis

10 day averaged volume of Panama Petrochem is 661022

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	365.80	348.20	374.40	348.20	0.539 times
05 Wed Jun 2024	345.20	329.00	347.10	315.05	0.328 times
04 Tue Jun 2024	323.05	357.70	357.70	293.50	0.858 times
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.298 times
31 Fri May 2024	358.90	364.20	368.85	356.10	0.137 times
30 Thu May 2024	364.20	373.60	379.20	361.60	0.26 times
29 Wed May 2024	376.00	378.10	384.05	372.50	0.389 times
28 Tue May 2024	378.85	372.90	399.00	366.00	3.449 times
27 Mon May 2024	368.70	348.25	392.00	347.10	3.909 times
24 Fri May 2024	347.25	349.30	351.45	345.00	0.144 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 364.6, but if it comes below 364.6, then a intra day sell could be more profitable.
If you take a sell trade below 364.6, then use 364.6 as stoploss and 347.46 as target. However if you take a buy trade in stock , then use 364.6 as stoploss and 385.1 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	299.80
Downside Target	316.05
Downside Target	337.00
Downside Target	355.35
Downside Target	358.60
Downside 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	314.4
Downside Intraday Target	263
Upside Intraday Target	396.3
Upside Intraday Target	426.8
Downside Intraday Target	344.9

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	365.80	375.00	375.40	293.50	0.248 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 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
06 Thu Jun 2024	365.80	375.00	375.40	293.50	0.175 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Panama Petrochem stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Panama Petrochem in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining 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 366.81 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.