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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 2024-03-13 View latest technical analysis

10 day averaged volume of Panama Petrochem is 166413

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	304.50	324.00	334.10	299.80	1.826 times
12 Tue Mar 2024	323.85	333.70	340.00	320.55	1.091 times
11 Mon Mar 2024	332.65	345.10	356.00	330.10	1.193 times
07 Thu Mar 2024	345.65	340.10	353.00	340.10	0.97 times
06 Wed Mar 2024	343.70	349.65	359.45	340.40	1.196 times
05 Tue Mar 2024	353.20	352.10	362.00	350.85	0.973 times
04 Mon Mar 2024	352.80	351.45	357.45	345.55	0.95 times
02 Sat Mar 2024	349.90	353.00	353.00	346.50	0.078 times
01 Fri Mar 2024	352.45	344.95	355.70	344.95	1.193 times
29 Thu Feb 2024	344.40	345.00	348.40	341.10	0.756 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 312.6, for a target of 330.1 or 344.69

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
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	284.2
Downside Intraday Target	263.9
Upside Intraday Target	340.4
Upside Intraday Target	376.3
Upside Intraday Target	320.1

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	304.50	345.10	356.00	299.80	1.005 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
13 Wed Mar 2024	304.50	344.95	362.00	299.80	0.152 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a SELL signal for Panama Petrochem in short term and the sell 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 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 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 336.35 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.