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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 2024-10-30 View latest technical analysis

10 day averaged volume of Panama Petrochem is 55203

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	373.45	363.30	382.40	363.30	0.824 times
29 Tue Oct 2024	362.90	366.70	366.95	359.55	0.667 times
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.571 times
25 Fri Oct 2024	363.50	371.95	373.65	354.00	1.154 times
24 Thu Oct 2024	374.80	378.70	380.70	373.50	0.329 times
23 Wed Oct 2024	377.60	376.90	396.75	376.00	1.363 times
22 Tue Oct 2024	375.00	396.00	396.00	373.05	1.038 times
21 Mon Oct 2024	395.15	410.00	410.00	393.80	1.388 times
18 Fri Oct 2024	405.30	388.00	406.90	388.00	2.573 times
17 Thu Oct 2024	390.00	394.40	397.75	387.20	0.364 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 373.4 as stoploss in an intra day buy trade for a target of 386.3. However, stock will show a bearish move below 373.4.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	293.50
Downside Target	354.00
Upside Target	375.10
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	359.7
Downside Intraday Target	345.95
Upside Intraday Target	384.8
Upside Intraday Target	396.15
Downside Intraday Target	371.05

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	373.45	360.00	382.40	357.30	0.391 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
30 Wed Oct 2024	373.45	389.05	410.00	354.00	0.638 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 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 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 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 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 383.46 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.