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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 2024-03-14 View latest technical analysis

10 day averaged volume of Panama Petrochem is 170149

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	318.60	304.00	321.15	304.00	0.966 times
13 Wed Mar 2024	304.50	324.00	334.10	299.80	1.786 times
12 Tue Mar 2024	323.85	333.70	340.00	320.55	1.067 times
11 Mon Mar 2024	332.65	345.10	356.00	330.10	1.167 times
07 Thu Mar 2024	345.65	340.10	353.00	340.10	0.949 times
06 Wed Mar 2024	343.70	349.65	359.45	340.40	1.169 times
05 Tue Mar 2024	353.20	352.10	362.00	350.85	0.951 times
04 Mon Mar 2024	352.80	351.45	357.45	345.55	0.929 times
02 Sat Mar 2024	349.90	353.00	353.00	346.50	0.076 times
01 Fri Mar 2024	352.45	344.95	355.70	344.95	1.166 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 328.4, but if it comes above 328.4, then a intra day buy could be more profitable.
If you take a sell trade below 328.4, then use 328.4 as stoploss and 309.7 as target. However if you take a buy trade in stock , then use 328.4 as stoploss and 343.9 as target.

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	293.6
Downside Intraday Target	268.6
Upside Intraday Target	349.8
Upside Intraday Target	381
Upside Intraday Target	324.8

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	318.60	345.10	356.00	299.80	1.247 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
14 Thu Mar 2024	318.60	344.95	362.00	299.80	0.167 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling is losing 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 334.09 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.