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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 2024-08-28 View latest technical analysis

10 day averaged volume of Panama Petrochem is 166760

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	420.10	419.80	425.00	416.00	0.53 times
27 Tue Aug 2024	418.80	420.45	426.50	417.05	0.467 times
26 Mon Aug 2024	420.40	422.90	426.50	417.30	0.639 times
23 Fri Aug 2024	420.70	416.00	425.95	412.40	0.937 times
22 Thu Aug 2024	416.55	411.25	422.10	410.35	1.007 times
21 Wed Aug 2024	413.15	415.45	417.85	411.00	0.488 times
20 Tue Aug 2024	413.35	402.40	421.90	402.40	1.912 times
19 Mon Aug 2024	400.60	404.55	411.00	399.40	1.185 times
16 Fri Aug 2024	401.80	390.00	405.40	380.15	1.895 times
14 Wed Aug 2024	390.90	405.45	406.15	388.30	0.505 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 419.1, but if it comes below 419.1, then a intra day sell could be more profitable.
If you take a sell trade below 419.1, then use 419.1 as stoploss and 410.17 as target. However if you take a buy trade in stock , then use 419.1 as stoploss and 429.8 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	380.15
Downside Target	395.00
Downside Target	414.85
Upside Target	420.95
Upside Target	423.90
Upside Target	425.95
Upside Target	426.50
Upside Target	427.20
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	415.23
Downside Intraday Target	410.37
Upside Intraday Target	425.73
Upside Intraday Target	431.37
Upside Intraday Target	420.87

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	420.10	422.90	426.50	416.00	0.296 times
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

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
28 Wed Aug 2024	420.10	415.70	427.20	380.15	0.451 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 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 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 tired and bears are picking up momentum.

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 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 410.45 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.