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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 2024-04-16 View latest technical analysis

10 day averaged volume of Panama Petrochem is 112306

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	333.60	321.00	340.95	321.00	1.367 times
15 Mon Apr 2024	321.70	325.05	326.90	316.05	0.734 times
12 Fri Apr 2024	329.35	332.05	336.55	328.50	1.015 times
10 Wed Apr 2024	333.75	334.95	338.40	332.05	0.792 times
09 Tue Apr 2024	335.10	339.90	342.40	331.10	0.863 times
08 Mon Apr 2024	338.20	345.80	347.05	337.05	0.698 times
05 Fri Apr 2024	344.05	344.00	346.45	339.85	0.899 times
04 Thu Apr 2024	344.05	346.00	354.95	341.10	1.219 times
03 Wed Apr 2024	345.90	352.80	355.35	344.90	1.167 times
02 Tue Apr 2024	353.55	336.65	354.95	336.65	1.54 times

My analysis of stock is bullish for shortterm, and stock might move up till 341.6 or till 352.7. Use a stoploss of 332.4 and if this stock hits its stoploss, then it can fall down till 323.17

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	328.50
Upside Target	339.90
Upside Target	340.95
Upside Target	347.05
Upside Target	355.00
Upside Target	355.35
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	319.45
Downside Intraday Target	305.3
Upside Intraday Target	344.35
Upside Intraday Target	355.1
Downside Intraday Target	330.2

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	333.60	325.05	340.95	316.05	0.624 times
12 Fri Apr 2024	329.35	345.80	347.05	328.50	0.571 times
05 Fri Apr 2024	344.05	334.15	355.35	333.00	1.319 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

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
16 Tue Apr 2024	333.60	334.15	355.35	316.05	0.421 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 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 neutral. A longer time frame might give a better analysis.

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 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 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 in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 339.31 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.