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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 2024-03-05 View latest technical analysis

10 day averaged volume of Panama Petrochem is 409078

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	353.20	352.10	362.00	350.85	0.396 times
04 Mon Mar 2024	352.80	351.45	357.45	345.55	0.387 times
02 Sat Mar 2024	349.90	353.00	353.00	346.50	0.032 times
01 Fri Mar 2024	352.45	344.95	355.70	344.95	0.485 times
29 Thu Feb 2024	344.40	345.00	348.40	341.10	0.308 times
28 Wed Feb 2024	344.75	356.00	360.45	342.40	0.651 times
27 Tue Feb 2024	355.30	374.50	377.95	352.20	1.259 times
26 Mon Feb 2024	371.55	358.45	387.00	354.25	3.164 times
23 Fri Feb 2024	358.35	363.70	369.90	354.05	0.945 times
22 Thu Feb 2024	360.40	348.00	363.60	341.60	1.377 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 358.6 as stoploss in an intra day sell trade for a target of 341.17. However, stock will show a bullish move above 358.6.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
Downside Target	304.10
Downside Target	328.05
Downside Target	345.55
Upside Target	355.00
Upside Target	362.00
Upside Target	365.95
Upside Target	371.45
Upside Target	387.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	345.17
Downside Intraday Target	337.13
Upside Intraday Target	361.62
Upside Intraday Target	370.03
Upside Intraday Target	353.58

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	353.20	351.45	362.00	345.55	0.133 times
02 Sat Mar 2024	349.90	358.45	387.00	341.10	0.717 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

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
05 Tue Mar 2024	353.20	344.95	362.00	344.95	0.051 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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.

Panama Petrochem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 360.6 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.