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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 2024-08-23 View latest technical analysis

10 day averaged volume of Panama Petrochem is 167298

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	420.70	416.00	425.95	412.40	0.934 times
22 Thu Aug 2024	416.55	411.25	422.10	410.35	1.004 times
21 Wed Aug 2024	413.15	415.45	417.85	411.00	0.487 times
20 Tue Aug 2024	413.35	402.40	421.90	402.40	1.906 times
19 Mon Aug 2024	400.60	404.55	411.00	399.40	1.181 times
16 Fri Aug 2024	401.80	390.00	405.40	380.15	1.889 times
14 Wed Aug 2024	390.90	405.45	406.15	388.30	0.504 times
13 Tue Aug 2024	404.15	408.20	413.00	399.90	0.962 times
12 Mon Aug 2024	406.40	406.50	414.85	395.60	0.972 times
09 Fri Aug 2024	404.95	405.40	413.00	402.50	0.56 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 424.2 as stoploss in an intra day sell trade for a target of 412.12. However, stock will show a bullish move above 424.2.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	316.05
Downside Target	355.35
Downside Target	380.15
Downside Target	395.00
Downside Target	414.85
Upside Target	420.95
Upside Target	423.90
Upside Target	425.95
Upside Target	427.20
Upside Target	444.25
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	404.75
Downside Intraday Target	388.8
Upside Intraday Target	431.3
Upside Intraday Target	441.9
Downside Intraday Target	415.35

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	420.70	404.55	425.95	399.40	1.274 times
16 Fri Aug 2024	401.80	406.50	414.85	380.15	0.881 times
09 Fri Aug 2024	404.95	415.05	423.90	395.00	0.366 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

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 Fri Aug 2024	420.70	415.70	427.20	380.15	0.413 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Panama Petrochem in short term and the buy signal is strong.

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

Panama Petrochem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Panama Petrochem in short term and BUY 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 407.72 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.