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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 2024-10-16 View latest technical analysis

10 day averaged volume of Panama Petrochem is 68437

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	393.40	391.00	398.00	391.00	0.447 times
15 Tue Oct 2024	394.30	394.50	397.15	388.00	0.396 times
14 Mon Oct 2024	395.20	397.10	399.30	392.35	0.484 times
11 Fri Oct 2024	396.20	400.20	403.00	390.70	0.459 times
10 Thu Oct 2024	401.05	397.70	405.00	395.35	0.855 times
09 Wed Oct 2024	396.30	396.95	407.80	392.30	1.047 times
08 Tue Oct 2024	396.65	381.55	408.75	380.00	1.157 times
07 Mon Oct 2024	381.55	392.70	400.00	375.10	1.47 times
04 Fri Oct 2024	390.70	397.30	401.30	386.00	1.214 times
03 Thu Oct 2024	397.30	388.50	401.95	384.05	1.281 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 391 as stoploss in an intra day buy trade for a target of 395.93. However, stock will show a bearish move below 391.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	375.10
Upside Target	399.30
Upside Target	408.75
Upside Target	409.85
Upside Target	419.50
Upside Target	420.95
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	387.83
Downside Intraday Target	382.27
Upside Intraday Target	399.13
Upside Intraday Target	404.87
Upside Intraday Target	393.57

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	393.40	397.10	399.30	388.00	0.266 times
11 Fri Oct 2024	396.20	392.70	408.75	375.10	1.005 times
04 Fri Oct 2024	390.70	393.70	409.85	384.05	0.813 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

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
16 Wed Oct 2024	393.40	389.05	409.85	375.10	0.356 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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a BUY signal for Panama Petrochem in short term but the buy 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 below 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 393.42 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.