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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 2024-03-26 View latest technical analysis

10 day averaged volume of Panama Petrochem is 163565

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	334.65	325.00	339.45	321.70	1.533 times
22 Fri Mar 2024	323.35	320.80	325.35	320.80	0.54 times
21 Thu Mar 2024	321.75	323.50	328.95	320.30	0.849 times
20 Wed Mar 2024	322.40	318.00	326.45	313.50	0.778 times
19 Tue Mar 2024	318.55	320.85	332.00	312.00	0.686 times
18 Mon Mar 2024	323.50	326.60	333.00	321.35	0.966 times
15 Fri Mar 2024	324.95	312.20	329.30	312.20	0.994 times
14 Thu Mar 2024	318.60	304.00	321.15	304.00	1.005 times
13 Wed Mar 2024	304.50	324.00	334.10	299.80	1.857 times
12 Tue Mar 2024	323.85	333.70	340.00	320.55	1.11 times

My analysis of stock is bullish for shortterm, and stock might move up till 349.1 or till 366.7. Use a stoploss of 334.55 and if this stock hits its stoploss, then it can fall down till 319.96

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	296.85
Downside Target	321.70
Downside Target	330.00
Upside Target	341.10
Upside Target	355.00
Upside Target	356.00
Upside Target	362.00
Upside Target	365.95
Upside Target	387.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	324.42
Downside Intraday Target	314.18
Upside Intraday Target	342.17
Upside Intraday Target	349.68
Downside Intraday Target	331.93

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	334.65	325.00	339.45	321.70	0.401 times
22 Fri Mar 2024	323.35	326.60	333.00	312.00	0.618 times
15 Fri Mar 2024	324.95	345.10	356.00	299.80	1.486 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

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
26 Tue Mar 2024	334.65	344.95	362.00	299.80	0.267 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Panama Petrochem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 and the buying is gaining 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 320.87 and Panama Petrochem (PANAMAPET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.