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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 2024-11-07 View latest technical analysis

10 day averaged volume of Panama Petrochem is 35796

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	374.75	381.00	383.10	373.05	0.697 times
06 Wed Nov 2024	381.15	371.50	383.10	371.50	1.554 times
05 Tue Nov 2024	374.85	372.45	379.75	370.00	1.185 times
04 Mon Nov 2024	370.55	376.40	377.20	368.05	0.615 times
01 Fri Nov 2024	377.45	382.95	385.00	372.10	0.457 times
31 Thu Oct 2024	380.95	372.95	383.00	372.10	0.723 times
30 Wed Oct 2024	373.45	363.30	382.40	363.30	1.271 times
29 Tue Oct 2024	362.90	366.70	366.95	359.55	1.029 times
28 Mon Oct 2024	365.70	360.00	369.55	357.30	0.881 times
25 Fri Oct 2024	363.50	371.95	373.65	354.00	1.779 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 369.2 as stoploss in an intra day buy trade for a target of 381.11. However, stock will show a bearish move below 369.2.

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	367.5
Downside Intraday Target	360.25
Upside Intraday Target	382.55
Upside Intraday Target	390.35
Upside Intraday Target	375.3

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	374.75	376.40	383.10	368.05	0.929 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
07 Thu Nov 2024	374.75	382.95	385.00	368.05	0.123 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 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 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Panama Petrochem in short term but SELL 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 371.94 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 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.