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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 2024-06-10 View latest technical analysis

10 day averaged volume of Panama Petrochem is 741938

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	379.45	383.00	389.20	377.85	0.177 times
07 Fri Jun 2024	381.65	370.20	396.00	366.80	0.941 times
06 Thu Jun 2024	365.80	348.20	374.40	348.20	0.48 times
05 Wed Jun 2024	345.20	329.00	347.10	315.05	0.293 times
04 Tue Jun 2024	323.05	357.70	357.70	293.50	0.765 times
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.266 times
31 Fri May 2024	358.90	364.20	368.85	356.10	0.122 times
30 Thu May 2024	364.20	373.60	379.20	361.60	0.231 times
29 Wed May 2024	376.00	378.10	384.05	372.50	0.347 times
28 Tue May 2024	378.85	372.90	399.00	366.00	3.073 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 371, but if it comes below 371, then a intra day sell could be more profitable.
If you take a sell trade below 371, then use 371 as stoploss and 352.86 as target. However if you take a buy trade in stock , then use 371 as stoploss and 392.8 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	377.85
Upside Target	387.00
Upside Target	389.20
Upside Target	396.00
Upside Target	399.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	375.13
Downside Intraday Target	370.82
Upside Intraday Target	386.48
Upside Intraday Target	393.52
Upside Intraday Target	382.17

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	379.45	383.00	389.20	377.85	0.064 times
07 Fri Jun 2024	381.65	375.00	396.00	293.50	0.378 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

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
10 Mon Jun 2024	379.45	375.00	396.00	293.50	0.283 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 368.62 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 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.