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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 2024-06-27 View latest technical analysis

10 day averaged volume of Panama Petrochem is 320420

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	396.40	401.70	407.10	390.10	0.502 times
26 Wed Jun 2024	403.45	411.35	412.05	401.15	0.248 times
25 Tue Jun 2024	411.35	413.00	416.10	405.00	0.35 times
24 Mon Jun 2024	412.70	411.00	420.95	407.05	0.644 times
21 Fri Jun 2024	411.85	404.20	419.85	404.00	0.982 times
20 Thu Jun 2024	403.20	407.90	412.65	400.50	0.68 times
19 Wed Jun 2024	404.50	405.90	411.65	398.35	0.9 times
18 Tue Jun 2024	406.65	402.00	417.00	393.00	3.073 times
14 Fri Jun 2024	393.65	385.00	404.95	380.80	2.461 times
13 Thu Jun 2024	378.40	379.90	383.90	375.00	0.263 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 407 as stoploss in an intra day sell trade for a target of 382.86. However, stock will show a bullish move above 407.

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
Upside Target	399.00
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	384.02
Downside Intraday Target	371.63
Upside Intraday Target	414.87
Upside Intraday Target	433.33
Upside Intraday Target	402.48

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	396.40	411.00	420.95	390.10	0.309 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
27 Thu Jun 2024	396.40	375.00	420.95	293.50	0.734 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 402.79 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.