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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 2024-09-06 View latest technical analysis

10 day averaged volume of Panama Petrochem is 101698

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	410.70	410.05	414.40	404.85	1.701 times
05 Thu Sep 2024	410.05	412.95	417.95	409.00	1.023 times
04 Wed Sep 2024	411.05	409.00	414.85	404.50	0.987 times
03 Tue Sep 2024	410.70	415.80	417.00	407.55	1.05 times
02 Mon Sep 2024	412.45	424.00	424.00	408.20	0.736 times
30 Fri Aug 2024	415.65	413.45	420.40	406.95	1.13 times
29 Thu Aug 2024	411.65	420.85	423.70	407.60	0.855 times
28 Wed Aug 2024	420.10	419.80	425.00	416.00	0.869 times
27 Tue Aug 2024	418.80	420.45	426.50	417.05	0.766 times
26 Mon Aug 2024	420.40	422.90	426.50	417.30	1.047 times

My analysis of stock is bearish for shortterm, and stock might move down till 403.3 or till 394.5. Use a stoploss of 410.71 and if the stock hits stoploss, then it can shoot up till 418.1

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	402.13
Downside Intraday Target	393.57
Upside Intraday Target	421.63
Upside Intraday Target	432.57
Upside Intraday Target	413.07

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	410.70	424.00	424.00	404.50	1.178 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
06 Fri Sep 2024	410.70	424.00	424.00	404.50	0.162 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Panama Petrochem stock for short term is SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls 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 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 413.84 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.