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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 2024-04-03 View latest technical analysis

10 day averaged volume of Panama Petrochem is 142067

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	345.90	352.80	355.35	344.90	0.923 times
02 Tue Apr 2024	353.55	336.65	354.95	336.65	1.218 times
01 Mon Apr 2024	334.95	334.15	343.70	333.00	0.848 times
28 Thu Mar 2024	332.50	330.00	337.00	326.65	0.611 times
27 Wed Mar 2024	332.15	333.90	339.90	326.35	1.16 times
26 Tue Mar 2024	334.65	325.00	339.45	321.70	1.765 times
22 Fri Mar 2024	323.35	320.80	325.35	320.80	0.622 times
21 Thu Mar 2024	321.75	323.50	328.95	320.30	0.977 times
20 Wed Mar 2024	322.40	318.00	326.45	313.50	0.895 times
19 Tue Mar 2024	318.55	320.85	332.00	312.00	0.79 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 345.3, but if it comes below 345.3, then a intra day sell could be more profitable.
If you take a sell trade below 345.3, then use 345.3 as stoploss and 332.16 as target. However if you take a buy trade in stock , then use 345.3 as stoploss and 361.1 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	321.70
Downside Target	333.00
Downside Target	339.90
Upside Target	355.00
Upside Target	355.35
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	334.15
Downside Intraday Target	322.4
Upside Intraday Target	356.5
Upside Intraday Target	367.1
Downside Intraday Target	344.75

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	345.90	334.15	355.35	333.00	0.845 times
28 Thu Mar 2024	332.50	325.00	339.90	321.70	0.804 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

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
03 Wed Apr 2024	345.90	334.15	355.35	333.00	0.14 times
28 Thu Mar 2024	332.50	344.95	362.00	299.80	0.291 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Panama Petrochem in short term and the buy signal is strong.

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

Panama Petrochem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 but buying is losing 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 333.23 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.