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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 2024-09-02 View latest technical analysis

10 day averaged volume of Panama Petrochem is 139666

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	412.45	424.00	424.00	408.20	0.536 times
30 Fri Aug 2024	415.65	413.45	420.40	406.95	0.823 times
29 Thu Aug 2024	411.65	420.85	423.70	407.60	0.623 times
28 Wed Aug 2024	420.10	419.80	425.00	416.00	0.632 times
27 Tue Aug 2024	418.80	420.45	426.50	417.05	0.558 times
26 Mon Aug 2024	420.40	422.90	426.50	417.30	0.763 times
23 Fri Aug 2024	420.70	416.00	425.95	412.40	1.119 times
22 Thu Aug 2024	416.55	411.25	422.10	410.35	1.202 times
21 Wed Aug 2024	413.15	415.45	417.85	411.00	0.583 times
20 Tue Aug 2024	413.35	402.40	421.90	402.40	2.283 times

My analysis of stock is bullish for shortterm, and stock might move up till 417.6 or till 427.5. Use a stoploss of 409.41 and if this stock hits its stoploss, then it can fall down till 401.19

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	322.20
Downside Target	380.15
Downside Target	395.00
Upside Target	420.95
Upside Target	423.90
Upside Target	424.00
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	405.77
Downside Intraday Target	399.08
Upside Intraday Target	421.57
Upside Intraday Target	430.68
Upside Intraday Target	414.88

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	412.45	424.00	424.00	408.20	0.158 times
30 Fri Aug 2024	415.65	422.90	426.50	406.95	0.515 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

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
02 Mon Sep 2024	412.45	424.00	424.00	408.20	0.022 times
30 Fri Aug 2024	415.65	415.70	427.20	380.15	0.479 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

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 SELL. 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Panama Petrochem in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 416.09 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.