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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 2024-03-11 View latest technical analysis

10 day averaged volume of Panama Petrochem is 309373

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	332.65	345.10	356.00	330.10	0.642 times
07 Thu Mar 2024	345.65	340.10	353.00	340.10	0.522 times
06 Wed Mar 2024	343.70	349.65	359.45	340.40	0.643 times
05 Tue Mar 2024	353.20	352.10	362.00	350.85	0.523 times
04 Mon Mar 2024	352.80	351.45	357.45	345.55	0.511 times
02 Sat Mar 2024	349.90	353.00	353.00	346.50	0.042 times
01 Fri Mar 2024	352.45	344.95	355.70	344.95	0.642 times
29 Thu Feb 2024	344.40	345.00	348.40	341.10	0.407 times
28 Wed Feb 2024	344.75	356.00	360.45	342.40	0.861 times
27 Tue Feb 2024	355.30	374.50	377.95	352.20	1.665 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 331.5 as stoploss in an intra day buy trade for a target of 345.06. However, stock will show a bearish move below 331.5.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
Downside Target	304.10
Downside Target	328.05
Upside Target	340.10
Upside Target	355.00
Upside Target	356.00
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	323.17
Downside Intraday Target	313.68
Upside Intraday Target	349.07
Upside Intraday Target	365.48
Upside Intraday Target	339.58

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	332.65	345.10	356.00	330.10	0.292 times
07 Thu Mar 2024	345.65	351.45	362.00	340.10	0.282 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

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
11 Mon Mar 2024	332.65	344.95	362.00	330.10	0.105 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Panama Petrochem in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Panama Petrochem in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 348.33 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 positive

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