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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 2024-06-26 View latest technical analysis

10 day averaged volume of Panama Petrochem is 321034

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	403.45	411.35	412.05	401.15	0.247 times
25 Tue Jun 2024	411.35	413.00	416.10	405.00	0.349 times
24 Mon Jun 2024	412.70	411.00	420.95	407.05	0.643 times
21 Fri Jun 2024	411.85	404.20	419.85	404.00	0.981 times
20 Thu Jun 2024	403.20	407.90	412.65	400.50	0.679 times
19 Wed Jun 2024	404.50	405.90	411.65	398.35	0.899 times
18 Tue Jun 2024	406.65	402.00	417.00	393.00	3.067 times
14 Fri Jun 2024	393.65	385.00	404.95	380.80	2.456 times
13 Thu Jun 2024	378.40	379.90	383.90	375.00	0.262 times
12 Wed Jun 2024	379.45	380.30	389.90	372.30	0.398 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 405.8 as stoploss in an intra day sell trade for a target of 381.84. However, stock will show a bullish move above 405.8.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	299.80
Downside Target	316.05
Downside Target	347.10
Downside Target	355.35
Downside Target	372.30
Downside Target	387.00
Downside Target	399.00
Downside Target	401.15
Upside Target	404.95
Upside Target	419.85
Upside Target	420.95

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	396.08
Downside Intraday Target	388.72
Upside Intraday Target	415.88
Upside Intraday Target	428.32
Upside Intraday Target	408.52

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	403.45	411.00	420.95	401.15	0.22 times
21 Fri Jun 2024	411.85	402.00	419.85	393.00	1.484 times
14 Fri Jun 2024	393.65	383.00	404.95	372.30	0.598 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

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
26 Wed Jun 2024	403.45	375.00	420.95	293.50	0.713 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 402.18 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.