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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 2024-06-12 View latest technical analysis

10 day averaged volume of Panama Petrochem is 277237

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	379.45	380.30	389.90	372.30	0.461 times
11 Tue Jun 2024	379.55	380.10	385.20	375.55	0.309 times
10 Mon Jun 2024	379.45	383.00	389.20	377.85	0.473 times
07 Fri Jun 2024	381.65	370.20	396.00	366.80	2.52 times
06 Thu Jun 2024	365.80	348.20	374.40	348.20	1.284 times
05 Wed Jun 2024	345.20	329.00	347.10	315.05	0.783 times
04 Tue Jun 2024	323.05	357.70	357.70	293.50	2.047 times
03 Mon Jun 2024	357.70	375.00	375.40	355.90	0.711 times
31 Fri May 2024	358.90	364.20	368.85	356.10	0.327 times
30 Thu May 2024	364.20	373.60	379.20	361.60	0.619 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 375.8, but if it comes below 375.8, then a intra day sell could be more profitable.
If you take a sell trade below 375.8, then use 375.8 as stoploss and 357.86 as target. However if you take a buy trade in stock , then use 375.8 as stoploss and 397.3 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	372.30
Upside Target	387.00
Upside Target	389.90
Upside Target	396.00
Upside Target	399.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	371.2
Downside Intraday Target	362.95
Upside Intraday Target	388.8
Upside Intraday Target	398.15
Upside Intraday Target	380.55

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	379.45	383.00	389.90	372.30	0.169 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
12 Wed Jun 2024	379.45	375.00	396.00	293.50	0.311 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 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 Weak and stock is gaining 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 green color and prices are above 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

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 359.96 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 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.