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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 2024-04-25 View latest technical analysis

10 day averaged volume of Panama Petrochem is 98995

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	333.45	334.25	339.80	332.00	0.627 times
24 Wed Apr 2024	338.40	337.50	342.45	335.10	0.897 times
23 Tue Apr 2024	340.15	342.45	342.45	336.95	0.417 times
22 Mon Apr 2024	340.70	338.65	344.90	338.65	0.726 times
19 Fri Apr 2024	338.10	327.20	342.50	325.25	1.115 times
18 Thu Apr 2024	334.60	334.70	347.40	332.50	1.433 times
16 Tue Apr 2024	333.60	321.00	340.95	321.00	1.551 times
15 Mon Apr 2024	321.70	325.05	326.90	316.05	0.832 times
12 Fri Apr 2024	329.35	332.05	336.55	328.50	1.151 times
10 Wed Apr 2024	333.75	334.95	338.40	332.05	0.898 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 330.4 as stoploss in an intra day buy trade for a target of 336.95. However, stock will show a bearish move below 330.4.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	299.80
Downside Target	316.05
Downside Target	328.50
Upside Target	339.90
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	328.67
Downside Intraday Target	323.88
Upside Intraday Target	341.57
Upside Intraday Target	349.68
Upside Intraday Target	336.78

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	333.45	338.65	344.90	332.00	0.541 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 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
25 Thu Apr 2024	333.45	334.15	355.35	316.05	0.592 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 but buying is losing 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 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.