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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 2024-03-12 View latest technical analysis

10 day averaged volume of Panama Petrochem is 199779

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	323.85	333.70	340.00	320.55	0.909 times
11 Mon Mar 2024	332.65	345.10	356.00	330.10	0.994 times
07 Thu Mar 2024	345.65	340.10	353.00	340.10	0.808 times
06 Wed Mar 2024	343.70	349.65	359.45	340.40	0.996 times
05 Tue Mar 2024	353.20	352.10	362.00	350.85	0.81 times
04 Mon Mar 2024	352.80	351.45	357.45	345.55	0.792 times
02 Sat Mar 2024	349.90	353.00	353.00	346.50	0.065 times
01 Fri Mar 2024	352.45	344.95	355.70	344.95	0.993 times
29 Thu Feb 2024	344.40	345.00	348.40	341.10	0.63 times
28 Wed Feb 2024	344.75	356.00	360.45	342.40	1.334 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 333, but if it comes above 333, then a intra day buy could be more profitable.
If you take a sell trade below 333, then use 333 as stoploss and 318 as target. However if you take a buy trade in stock , then use 333 as stoploss and 345.56 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
Downside Target	304.10
Downside Target	320.55
Upside 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	310.93
Downside Intraday Target	298.02
Upside Intraday Target	346.38
Upside Intraday Target	368.92
Upside Intraday Target	333.47

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	323.85	345.10	356.00	320.55	0.559 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
12 Tue Mar 2024	323.85	344.95	362.00	320.55	0.122 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 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 343.51 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 negative.

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