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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 2024-07-05 View latest technical analysis

10 day averaged volume of Panama Petrochem is 146497

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	403.65	408.00	412.50	397.85	1.122 times
04 Thu Jul 2024	407.25	409.00	414.40	402.80	0.79 times
03 Wed Jul 2024	407.00	405.00	411.80	402.00	0.929 times
02 Tue Jul 2024	404.35	398.00	410.85	394.05	1.194 times
01 Mon Jul 2024	395.20	397.40	398.45	391.00	0.638 times
28 Fri Jun 2024	393.45	402.15	406.25	392.10	0.486 times
27 Thu Jun 2024	396.40	401.70	407.10	390.10	1.097 times
26 Wed Jun 2024	403.45	411.35	412.05	401.15	0.542 times
25 Tue Jun 2024	411.35	413.00	416.10	405.00	0.765 times
24 Mon Jun 2024	412.70	411.00	420.95	407.05	1.409 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 409.3 as stoploss in an intra day sell trade for a target of 397.66. However, stock will show a bullish move above 409.3.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	299.80
Downside Target	316.05
Downside Target	355.35
Downside Target	372.30
Downside Target	390.10
Downside Target	399.00
Upside Target	404.95
Upside Target	414.40
Upside Target	419.85
Upside Target	420.95

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	391.63
Downside Intraday Target	379.62
Upside Intraday Target	415.03
Upside Intraday Target	426.42
Downside Intraday Target	403.02

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	403.65	397.40	414.40	391.00	1.087 times
28 Fri Jun 2024	393.45	411.00	420.95	390.10	0.349 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

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
05 Fri Jul 2024	403.65	397.40	414.40	391.00	0.12 times
28 Fri Jun 2024	393.45	375.00	420.95	293.50	0.744 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

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 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 neutral. A longer time frame might give a better analysis.

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

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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 404.43 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.