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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 2024-03-01 View latest technical analysis

10 day averaged volume of Panama Petrochem is 589865

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	352.45	344.95	355.70	344.95	0.336 times
29 Thu Feb 2024	344.40	345.00	348.40	341.10	0.213 times
28 Wed Feb 2024	344.75	356.00	360.45	342.40	0.452 times
27 Tue Feb 2024	355.30	374.50	377.95	352.20	0.873 times
26 Mon Feb 2024	371.55	358.45	387.00	354.25	2.195 times
23 Fri Feb 2024	358.35	363.70	369.90	354.05	0.655 times
22 Thu Feb 2024	360.40	348.00	363.60	341.60	0.955 times
21 Wed Feb 2024	346.55	359.45	366.65	344.10	0.966 times
20 Tue Feb 2024	355.75	330.95	371.45	330.95	2.886 times
19 Mon Feb 2024	329.95	334.65	335.60	328.05	0.245 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 354.6 as stoploss in an intra day sell trade for a target of 336.37. However, stock will show a bullish move above 354.6.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
Downside Target	304.10
Downside Target	321.60
Downside Target	328.05
Downside Target	344.95
Upside Target	355.00
Upside Target	355.70
Upside Target	365.95
Upside Target	370.95
Upside Target	371.45
Upside Target	387.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	333.37
Downside Intraday Target	314.28
Upside Intraday Target	379.27
Upside Intraday Target	406.08
Upside Intraday Target	360.18

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	352.45	358.45	387.00	341.10	0.713 times
23 Fri Feb 2024	358.35	334.65	371.45	328.05	1.994 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

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
01 Fri Mar 2024	352.45	344.95	355.70	344.95	0.019 times
29 Thu Feb 2024	344.40	364.60	387.00	304.10	1.902 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

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 to mid 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 mid to longer 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.

ADX buy sell signal for Panama Petrochem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Panama Petrochem in short term and the buy signal is strong.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 357.46 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.