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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 2024-08-06 View latest technical analysis

10 day averaged volume of Panama Petrochem is 407645

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	396.25	414.00	420.00	395.00	0.541 times
05 Mon Aug 2024	410.10	415.05	423.90	401.90	0.786 times
02 Fri Aug 2024	425.25	410.15	427.20	408.25	0.431 times
01 Thu Aug 2024	416.15	415.70	420.80	405.75	0.834 times
31 Wed Jul 2024	413.45	433.00	437.30	409.50	1.199 times
30 Tue Jul 2024	433.95	440.90	452.50	427.55	1.695 times
29 Mon Jul 2024	439.95	426.00	452.20	426.00	1.348 times
26 Fri Jul 2024	424.55	426.10	443.90	422.10	0.76 times
25 Thu Jul 2024	425.55	433.00	444.25	422.75	0.719 times
24 Wed Jul 2024	431.95	419.70	441.00	416.30	1.393 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 400.2, but if it comes above 400.2, then a intra day buy could be more profitable.
If you take a sell trade below 400.2, then use 400.2 as stoploss and 384.1 as target. However if you take a buy trade in stock , then use 400.2 as stoploss and 413.61 as target.

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	395.00
Upside Target	416.00
Upside Target	420.95
Upside Target	423.90
Upside Target	427.20
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	386.2
Downside Intraday Target	376.15
Upside Intraday Target	415.1
Upside Intraday Target	433.95
Upside Intraday Target	405.05

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	396.25	415.05	423.90	395.00	0.241 times
02 Fri Aug 2024	425.25	426.00	452.50	405.75	0.895 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

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
06 Tue Aug 2024	396.25	415.70	427.20	395.00	0.146 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 down 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 to mid 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 424.66 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.