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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 2024-10-28 View latest technical analysis

10 day averaged volume of Panama Petrochem is 54392

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.58 times
25 Fri Oct 2024	363.50	371.95	373.65	354.00	1.171 times
24 Thu Oct 2024	374.80	378.70	380.70	373.50	0.334 times
23 Wed Oct 2024	377.60	376.90	396.75	376.00	1.383 times
22 Tue Oct 2024	375.00	396.00	396.00	373.05	1.053 times
21 Mon Oct 2024	395.15	410.00	410.00	393.80	1.409 times
18 Fri Oct 2024	405.30	388.00	406.90	388.00	2.611 times
17 Thu Oct 2024	390.00	394.40	397.75	387.20	0.369 times
16 Wed Oct 2024	393.40	391.00	398.00	391.00	0.563 times
15 Tue Oct 2024	394.30	394.50	397.15	388.00	0.498 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 363.5, for a target of 377.3 or 388.73

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	354.00
Upside Target	369.55
Upside Target	406.90
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	358.82
Downside Intraday Target	351.93
Upside Intraday Target	371.07
Upside Intraday Target	376.43
Downside Intraday Target	364.18

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.108 times
25 Fri Oct 2024	363.50	410.00	410.00	354.00	1.15 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

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
28 Mon Oct 2024	365.70	389.05	410.00	354.00	0.597 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 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 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 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 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 but BUY signal is weak.

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 386.8 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.