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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 2024-07-23 View latest technical analysis

10 day averaged volume of Panama Petrochem is 328958

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	415.15	411.25	424.00	401.10	1.035 times
22 Mon Jul 2024	414.30	405.00	434.15	402.05	3.031 times
19 Fri Jul 2024	393.30	394.00	404.30	383.05	0.841 times
18 Thu Jul 2024	392.40	398.40	416.00	388.80	1.003 times
16 Tue Jul 2024	400.45	398.90	415.00	395.00	0.771 times
15 Mon Jul 2024	397.50	409.45	410.80	396.85	0.784 times
12 Fri Jul 2024	407.40	410.00	419.70	405.55	0.265 times
11 Thu Jul 2024	409.05	407.00	414.85	403.35	0.467 times
10 Wed Jul 2024	406.65	420.40	421.00	402.65	0.668 times
09 Tue Jul 2024	418.80	401.95	433.05	399.25	1.863 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 411.4, but if it comes below 411.4, then a intra day sell could be more profitable.
If you take a sell trade below 411.4, then use 411.4 as stoploss and 403.85 as target. However if you take a buy trade in stock , then use 411.4 as stoploss and 420.4 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	383.05
Downside Target	414.40
Upside Target	416.00
Upside Target	420.95
Upside Target	433.05
Upside Target	434.15

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	399.45
Downside Intraday Target	383.75
Upside Intraday Target	432.5
Upside Intraday Target	449.85
Upside Intraday Target	416.8

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	415.15	405.00	434.15	401.10	1.196 times
19 Fri Jul 2024	393.30	409.45	416.00	383.05	0.952 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

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
23 Tue Jul 2024	415.15	397.40	434.15	383.05	0.758 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 negative zone. This is the SELL 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 408.37 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.