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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 2024-10-23 View latest technical analysis

10 day averaged volume of Panama Petrochem is 54847

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	377.60	376.90	396.75	376.00	1.372 times
22 Tue Oct 2024	375.00	396.00	396.00	373.05	1.045 times
21 Mon Oct 2024	395.15	410.00	410.00	393.80	1.397 times
18 Fri Oct 2024	405.30	388.00	406.90	388.00	2.59 times
17 Thu Oct 2024	390.00	394.40	397.75	387.20	0.366 times
16 Wed Oct 2024	393.40	391.00	398.00	391.00	0.558 times
15 Tue Oct 2024	394.30	394.50	397.15	388.00	0.494 times
14 Mon Oct 2024	395.20	397.10	399.30	392.35	0.604 times
11 Fri Oct 2024	396.20	400.20	403.00	390.70	0.573 times
10 Thu Oct 2024	401.05	397.70	405.00	395.35	1.067 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 376.7, for a target of 385.6 or 393.02

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	373.05
Upside Target	404.00
Upside Target	408.75
Upside Target	409.85
Upside Target	410.00
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	363.77
Downside Intraday Target	349.93
Upside Intraday Target	400.72
Upside Intraday Target	423.83
Upside Intraday Target	386.88

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	377.60	410.00	410.00	373.05	0.827 times
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

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
23 Wed Oct 2024	377.60	389.05	410.00	373.05	0.541 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 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 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 Strong and stock is losing momentum.

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

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 below the red cloud Prices appear to be moving up

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 but buying is losing 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 393.64 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.