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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 2024-10-01 View latest technical analysis

10 day averaged volume of Panama Petrochem is 84447

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	397.65	389.05	409.85	388.90	1.326 times
30 Mon Sep 2024	387.15	393.70	393.70	385.00	0.673 times
27 Fri Sep 2024	393.70	399.00	400.00	390.00	0.805 times
26 Thu Sep 2024	400.20	396.00	402.00	387.10	1.752 times
25 Wed Sep 2024	395.90	400.00	401.95	394.20	0.456 times
24 Tue Sep 2024	402.05	398.35	404.00	395.00	0.782 times
23 Mon Sep 2024	398.65	400.35	401.15	393.80	1.148 times
20 Fri Sep 2024	400.85	398.95	402.80	396.00	0.678 times
19 Thu Sep 2024	398.95	402.85	405.00	388.05	1.193 times
18 Wed Sep 2024	400.85	397.85	402.25	392.65	0.88 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 396.1 as stoploss in an intra day buy trade for a target of 404.16. However, stock will show a bearish move below 396.1.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	380.15
Upside Target	404.00
Upside Target	409.85
Upside Target	419.50
Upside Target	420.95
Upside Target	421.90
Upside Target	424.00
Upside Target	427.20
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	385.15
Downside Intraday Target	372.65
Upside Intraday Target	410
Upside Intraday Target	422.35
Downside Intraday Target	397.5

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	397.65	393.70	409.85	385.00	0.404 times
27 Fri Sep 2024	393.70	400.35	404.00	387.10	0.909 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

Price has moved up 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
01 Tue Oct 2024	397.65	389.05	409.85	388.90	0.056 times
30 Mon Sep 2024	387.15	424.00	424.00	385.00	0.581 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

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the sell 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 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Panama Petrochem in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 398.12 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 negative.

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