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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 2024-02-19 View latest technical analysis

10 day averaged volume of Panama Petrochem is 291134

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	329.95	334.65	335.60	328.05	0.497 times
16 Fri Feb 2024	333.75	336.00	341.25	330.55	1.135 times
15 Thu Feb 2024	334.25	322.00	336.90	321.35	3.02 times
14 Wed Feb 2024	322.00	310.05	324.25	310.05	0.549 times
13 Tue Feb 2024	313.75	306.95	319.40	305.20	0.631 times
12 Mon Feb 2024	307.00	320.80	320.80	304.10	0.463 times
09 Fri Feb 2024	318.95	319.40	320.95	309.05	0.703 times
08 Thu Feb 2024	318.40	320.40	323.05	317.00	0.431 times
07 Wed Feb 2024	319.45	325.75	326.95	318.20	0.454 times
06 Tue Feb 2024	325.75	315.90	331.00	315.00	1.147 times

My analysis of stock is bullish for shortterm, and stock might move up till 340.8 or till 357.2. Use a stoploss of 327.08 and if this stock hits its stoploss, then it can fall down till 313.38

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	291.00
Downside Target	296.85
Downside Target	304.10
Downside Target	321.60
Downside Target	328.05
Upside Target	336.40
Upside Target	339.85
Upside Target	341.25
Upside Target	355.00
Upside Target	365.95
Upside Target	370.95

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	326.8
Downside Intraday Target	323.65
Upside Intraday Target	334.35
Upside Intraday Target	338.75
Upside Intraday Target	331.2

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	329.95	334.65	335.60	328.05	0.086 times
16 Fri Feb 2024	333.75	320.80	341.25	304.10	1.38 times
09 Fri Feb 2024	318.95	334.00	334.55	309.05	0.326 times
02 Fri Feb 2024	333.70	324.70	370.95	321.60	6.839 times
25 Thu Jan 2024	321.75	333.00	336.40	308.00	0.437 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
19 Mon Feb 2024	329.95	364.60	370.95	304.10	0.91 times
31 Wed Jan 2024	359.20	332.90	365.95	308.00	0.75 times
29 Fri Dec 2023	331.90	311.50	355.00	307.00	2.083 times
30 Thu Nov 2023	309.50	323.70	330.00	296.85	1.672 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 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 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 mid to longer 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.

ADX buy sell signal for Panama Petrochem stock for short term is BUY. 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 326.61 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.