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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 2024-11-06 View latest technical analysis

10 day averaged volume of Panama Petrochem is 37755

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	381.15	371.50	383.10	371.50	1.474 times
05 Tue Nov 2024	374.85	372.45	379.75	370.00	1.123 times
04 Mon Nov 2024	370.55	376.40	377.20	368.05	0.583 times
01 Fri Nov 2024	377.45	382.95	385.00	372.10	0.433 times
31 Thu Oct 2024	380.95	372.95	383.00	372.10	0.685 times
30 Wed Oct 2024	373.45	363.30	382.40	363.30	1.205 times
29 Tue Oct 2024	362.90	366.70	366.95	359.55	0.975 times
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.835 times
25 Fri Oct 2024	363.50	371.95	373.65	354.00	1.687 times
24 Thu Oct 2024	374.80	378.70	380.70	373.50	0.481 times

My analysis of stock is bearish for shortterm, and stock might move down till 369.8 or till 354.7. Use a stoploss of 382.43 and if the stock hits stoploss, then it can shoot up till 395.01

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	371.77
Downside Intraday Target	362.38
Upside Intraday Target	386.82
Upside Intraday Target	392.48
Downside Intraday Target	377.43

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	381.15	376.40	383.10	368.05	0.769 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 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
06 Wed Nov 2024	381.15	382.95	385.00	368.05	0.104 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 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 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 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 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 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 371.89 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.