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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 2024-09-26 View latest technical analysis

10 day averaged volume of Panama Petrochem is 87821

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	400.20	396.00	402.00	387.10	1.684 times
25 Wed Sep 2024	395.90	400.00	401.95	394.20	0.439 times
24 Tue Sep 2024	402.05	398.35	404.00	395.00	0.751 times
23 Mon Sep 2024	398.65	400.35	401.15	393.80	1.104 times
20 Fri Sep 2024	400.85	398.95	402.80	396.00	0.652 times
19 Thu Sep 2024	398.95	402.85	405.00	388.05	1.148 times
18 Wed Sep 2024	400.85	397.85	402.25	392.65	0.846 times
17 Tue Sep 2024	396.85	412.15	414.35	395.30	1.571 times
16 Mon Sep 2024	414.35	412.60	419.50	411.05	1.016 times
13 Fri Sep 2024	412.60	415.00	418.00	410.65	1.024 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 400.4, but if it comes above 400.4, then a intra day buy could be more profitable.
If you take a sell trade below 400.4, then use 400.4 as stoploss and 392.3 as target. However if you take a buy trade in stock , then use 400.4 as stoploss and 407.18 as target.

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	419.50
Upside Target	420.95
Upside Target	421.90
Upside Target	424.00
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	390.2
Downside Intraday Target	380.2
Upside Intraday Target	407.1
Upside Intraday Target	414
Downside Intraday Target	397.1

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	400.20	400.35	404.00	387.10	0.761 times
20 Fri Sep 2024	400.85	412.60	419.50	388.05	0.89 times
13 Fri Sep 2024	412.60	410.50	421.90	406.35	0.923 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

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
26 Thu Sep 2024	400.20	424.00	424.00	387.10	0.545 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 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 short 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 short to mid 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 mid to longer 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.

ADX buy sell signal for Panama Petrochem stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Panama Petrochem in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up 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 402.07 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.