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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 2024-10-18 View latest technical analysis

10 day averaged volume of Panama Petrochem is 53538

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	405.30	388.00	406.90	388.00	2.653 times
17 Thu Oct 2024	390.00	394.40	397.75	387.20	0.375 times
16 Wed Oct 2024	393.40	391.00	398.00	391.00	0.572 times
15 Tue Oct 2024	394.30	394.50	397.15	388.00	0.506 times
14 Mon Oct 2024	395.20	397.10	399.30	392.35	0.619 times
11 Fri Oct 2024	396.20	400.20	403.00	390.70	0.587 times
10 Thu Oct 2024	401.05	397.70	405.00	395.35	1.093 times
09 Wed Oct 2024	396.30	396.95	407.80	392.30	1.339 times
08 Tue Oct 2024	396.65	381.55	408.75	380.00	1.478 times
07 Mon Oct 2024	381.55	392.70	400.00	375.10	1.88 times

Stock of Panama Petrochem (PANAMAPET) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 407.4, for a target of 401 or 395.71

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	375.10
Downside Target	404.00
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	392.7
Downside Intraday Target	380.1
Upside Intraday Target	412.4
Upside Intraday Target	419.5
Downside Intraday Target	399.8

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	405.30	397.10	406.90	387.20	0.741 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 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
18 Fri Oct 2024	405.30	389.05	409.85	375.10	0.437 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 to mid 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Panama Petrochem in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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 buy signal for Panama Petrochem in short term and BUY signal is strong.

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 395.95 and Panama Petrochem (PANAMAPET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.