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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 2024-11-25 View latest technical analysis

10 day averaged volume of Panama Petrochem is 99660

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	332.45	328.65	335.00	321.50	0.815 times
22 Fri Nov 2024	326.65	310.80	328.55	310.75	1.284 times
21 Thu Nov 2024	309.50	312.00	312.00	306.00	0.568 times
19 Tue Nov 2024	310.40	313.20	319.80	308.45	1.559 times
18 Mon Nov 2024	311.80	319.40	322.90	309.95	0.578 times
14 Thu Nov 2024	317.85	324.70	332.00	315.80	0.904 times
13 Wed Nov 2024	320.45	341.90	345.50	316.25	1.938 times
12 Tue Nov 2024	340.15	372.00	375.25	336.90	1.73 times
11 Mon Nov 2024	370.55	370.00	376.40	362.05	0.278 times
08 Fri Nov 2024	372.40	375.70	380.65	361.00	0.911 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 325.5 as stoploss in an intra day buy trade for a target of 351.87. However, stock will show a bearish move below 325.5.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	315.80
Downside Target	328.55
Upside Target	354.00
Upside Target	376.40
Upside Target	385.00
Upside Target	410.00
Upside Target	424.00
Upside Target	427.20
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	324.3
Downside Intraday Target	316.15
Upside Intraday Target	337.8
Upside Intraday Target	343.15
Downside Intraday Target	329.65

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	332.45	328.65	335.00	321.50	0.204 times
22 Fri Nov 2024	326.65	319.40	328.55	306.00	0.822 times
14 Thu Nov 2024	317.85	370.00	376.40	315.80	2.05 times
08 Fri Nov 2024	372.40	376.40	383.10	361.00	1.511 times
01 Fri Nov 2024	377.45	360.00	385.00	357.30	0.536 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
25 Mon Nov 2024	332.45	382.95	385.00	306.00	0.928 times
31 Thu Oct 2024	380.95	389.05	410.00	354.00	0.651 times
30 Mon Sep 2024	387.15	424.00	424.00	385.00	0.581 times
30 Fri Aug 2024	415.65	415.70	427.20	380.15	0.479 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Panama Petrochem stock for short term is SELL. 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 below 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 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 328.39 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 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.