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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 2024-07-16 View latest technical analysis

10 day averaged volume of Panama Petrochem is 202356

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	400.45	398.90	415.00	395.00	1.253 times
15 Mon Jul 2024	397.50	409.45	410.80	396.85	1.275 times
12 Fri Jul 2024	407.40	410.00	419.70	405.55	0.431 times
11 Thu Jul 2024	409.05	407.00	414.85	403.35	0.759 times
10 Wed Jul 2024	406.65	420.40	421.00	402.65	1.087 times
09 Tue Jul 2024	418.80	401.95	433.05	399.25	3.029 times
08 Mon Jul 2024	399.95	405.45	409.00	397.00	0.498 times
05 Fri Jul 2024	403.65	408.00	412.50	397.85	0.812 times
04 Thu Jul 2024	407.25	409.00	414.40	402.80	0.572 times
03 Wed Jul 2024	407.00	405.00	411.80	402.00	0.673 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 398.5 as stoploss in an intra day buy trade for a target of 404.71. However, stock will show a bearish move below 398.5.

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	414.40
Upside Target	415.00
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	391.97
Downside Intraday Target	383.48
Upside Intraday Target	411.97
Upside Intraday Target	423.48
Upside Intraday Target	403.48

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	400.45	409.45	415.00	395.00	0.436 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
16 Tue Jul 2024	400.45	397.40	433.05	391.00	0.417 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

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

Panama Petrochem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Panama Petrochem in short term but BUY signal is weak.

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 408.03 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.