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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 2024-11-04 View latest technical analysis

10 day averaged volume of Panama Petrochem is 44703

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	370.55	376.40	377.20	368.05	0.492 times
01 Fri Nov 2024	377.45	382.95	385.00	372.10	0.366 times
31 Thu Oct 2024	380.95	372.95	383.00	372.10	0.579 times
30 Wed Oct 2024	373.45	363.30	382.40	363.30	1.018 times
29 Tue Oct 2024	362.90	366.70	366.95	359.55	0.824 times
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.706 times
25 Fri Oct 2024	363.50	371.95	373.65	354.00	1.425 times
24 Thu Oct 2024	374.80	378.70	380.70	373.50	0.406 times
23 Wed Oct 2024	377.60	376.90	396.75	376.00	1.683 times
22 Tue Oct 2024	375.00	396.00	396.00	373.05	1.282 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 371.2, but if it comes above 371.2, then a intra day buy could be more profitable.
If you take a sell trade below 371.2, then use 371.2 as stoploss and 355.4 as target. However if you take a buy trade in stock , then use 371.2 as stoploss and 384.27 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	354.00
Downside Target	368.05
Upside Target	385.00
Upside Target	387.20
Upside Target	406.90
Upside Target	408.75
Upside Target	410.00
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	366.67
Downside Intraday Target	362.78
Upside Intraday Target	375.82
Upside Intraday Target	381.08
Upside Intraday Target	371.93

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	370.55	376.40	377.20	368.05	0.141 times
01 Fri Nov 2024	377.45	360.00	385.00	357.30	0.536 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

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
04 Mon Nov 2024	370.55	382.95	385.00	368.05	0.029 times
31 Thu Oct 2024	380.95	389.05	410.00	354.00	0.651 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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 gaining momentum.

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

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. 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 coming down

CCI has generated a SELL signal for Panama Petrochem in short term and SELL signal is strong!

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 371.81 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.