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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 2024-07-15 View latest technical analysis

10 day averaged volume of Panama Petrochem is 185899

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	397.50	409.45	410.80	396.85	1.388 times
12 Fri Jul 2024	407.40	410.00	419.70	405.55	0.47 times
11 Thu Jul 2024	409.05	407.00	414.85	403.35	0.826 times
10 Wed Jul 2024	406.65	420.40	421.00	402.65	1.183 times
09 Tue Jul 2024	418.80	401.95	433.05	399.25	3.297 times
08 Mon Jul 2024	399.95	405.45	409.00	397.00	0.542 times
05 Fri Jul 2024	403.65	408.00	412.50	397.85	0.884 times
04 Thu Jul 2024	407.25	409.00	414.40	402.80	0.623 times
03 Wed Jul 2024	407.00	405.00	411.80	402.00	0.732 times
02 Tue Jul 2024	404.35	398.00	410.85	394.05	0.941 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 398.8, but if it comes above 398.8, then a intra day buy could be more profitable.
If you take a sell trade below 398.8, then use 398.8 as stoploss and 391.4 as target. However if you take a buy trade in stock , then use 398.8 as stoploss and 405.02 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	355.35
Downside Target	390.10
Upside Target	410.80
Upside Target	414.40
Upside Target	419.85
Upside Target	420.95
Upside Target	433.05

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	392.63
Downside Intraday Target	387.77
Upside Intraday Target	406.58
Upside Intraday Target	415.67
Upside Intraday Target	401.72

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	397.50	409.45	410.80	396.85	0.22 times
12 Fri Jul 2024	407.40	405.45	433.05	397.00	1.715 times
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

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
15 Mon Jul 2024	397.50	397.40	433.05	391.00	0.372 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 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 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 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 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 408.66 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 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.