Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-09 View latest technical analysis

10 day averaged volume of Panama Petrochem is 103372

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	409.35	410.50	415.70	406.35	1.071 times
06 Fri Sep 2024	410.70	410.05	414.40	404.85	1.674 times
05 Thu Sep 2024	410.05	412.95	417.95	409.00	1.007 times
04 Wed Sep 2024	411.05	409.00	414.85	404.50	0.971 times
03 Tue Sep 2024	410.70	415.80	417.00	407.55	1.033 times
02 Mon Sep 2024	412.45	424.00	424.00	408.20	0.724 times
30 Fri Aug 2024	415.65	413.45	420.40	406.95	1.111 times
29 Thu Aug 2024	411.65	420.85	423.70	407.60	0.842 times
28 Wed Aug 2024	420.10	419.80	425.00	416.00	0.855 times
27 Tue Aug 2024	418.80	420.45	426.50	417.05	0.754 times

My analysis of stock is bearish for shortterm, and stock might move down till 403.7 or till 394.9. Use a stoploss of 410.93 and if the stock hits stoploss, then it can shoot up till 418.21

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	322.20
Downside Target	380.15
Downside Target	399.00
Upside Target	415.70
Upside Target	420.95
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	405.23
Downside Intraday Target	401.12
Upside Intraday Target	414.58
Upside Intraday Target	419.82
Upside Intraday Target	410.47

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	409.35	410.50	415.70	406.35	0.198 times
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

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
09 Mon Sep 2024	409.35	424.00	424.00	404.50	0.194 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 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 positive zone. This is a BUY 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 412.69 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.