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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 2024-08-01 View latest technical analysis

10 day averaged volume of Panama Petrochem is 484407

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	416.15	415.70	420.80	405.75	0.702 times
31 Wed Jul 2024	413.45	433.00	437.30	409.50	1.009 times
30 Tue Jul 2024	433.95	440.90	452.50	427.55	1.426 times
29 Mon Jul 2024	439.95	426.00	452.20	426.00	1.135 times
26 Fri Jul 2024	424.55	426.10	443.90	422.10	0.64 times
25 Thu Jul 2024	425.55	433.00	444.25	422.75	0.605 times
24 Wed Jul 2024	431.95	419.70	441.00	416.30	1.173 times
23 Tue Jul 2024	415.15	411.25	424.00	401.10	0.703 times
22 Mon Jul 2024	414.30	405.00	434.15	402.05	2.058 times
19 Fri Jul 2024	393.30	394.00	404.30	383.05	0.571 times

My analysis of stock is bullish for shortterm, and stock might move up till 425.7 or till 441.5. Use a stoploss of 412.57 and if this stock hits its stoploss, then it can fall down till 399.44

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	316.05
Downside Target	355.35
Downside Target	383.05
Downside Target	391.00
Downside Target	414.40
Downside Target	416.00
Upside Target	420.80
Upside Target	420.95
Upside Target	433.05
Upside Target	444.25
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	397.1
Downside Intraday Target	378.05
Upside Intraday Target	443.85
Upside Intraday Target	471.55
Upside Intraday Target	424.8

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	416.15	426.00	452.50	405.75	0.825 times
26 Fri Jul 2024	424.55	405.00	444.25	401.10	2.243 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

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
01 Thu Aug 2024	416.15	415.70	420.80	405.75	0.047 times
31 Wed Jul 2024	413.45	397.40	452.50	383.05	1.268 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

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 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 Weak 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 in or below the green cloud Prices appear to be moving up

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 422.31 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.