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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 2024-04-24 View latest technical analysis

10 day averaged volume of Panama Petrochem is 97954

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	338.40	337.50	342.45	335.10	0.907 times
23 Tue Apr 2024	340.15	342.45	342.45	336.95	0.422 times
22 Mon Apr 2024	340.70	338.65	344.90	338.65	0.734 times
19 Fri Apr 2024	338.10	327.20	342.50	325.25	1.126 times
18 Thu Apr 2024	334.60	334.70	347.40	332.50	1.449 times
16 Tue Apr 2024	333.60	321.00	340.95	321.00	1.568 times
15 Mon Apr 2024	321.70	325.05	326.90	316.05	0.841 times
12 Fri Apr 2024	329.35	332.05	336.55	328.50	1.163 times
10 Wed Apr 2024	333.75	334.95	338.40	332.05	0.908 times
09 Tue Apr 2024	335.10	339.90	342.40	331.10	0.989 times

My analysis of stock is bullish for shortterm, and stock might move up till 343.6 or till 352.3. Use a stoploss of 336.44 and if this stock hits its stoploss, then it can fall down till 329.23

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	328.50
Upside Target	347.05
Upside Target	347.40
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	334.03
Downside Intraday Target	329.67
Upside Intraday Target	343.83
Upside Intraday Target	349.27
Upside Intraday Target	339.47

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	338.40	338.65	344.90	335.10	0.414 times
19 Fri Apr 2024	338.10	325.05	347.40	316.05	1.291 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

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
24 Wed Apr 2024	338.40	334.15	355.35	316.05	0.571 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. Signal strength is Weak 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 stronger in this stock.

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 SELL signal for Panama Petrochem in short term but SELL signal is weak.

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

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 334.14 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.