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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 2024-11-28 View latest technical analysis

10 day averaged volume of Panama Petrochem is 102334

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	347.45	338.40	348.50	338.40	0.462 times
27 Wed Nov 2024	340.55	341.95	341.95	337.40	0.179 times
26 Tue Nov 2024	341.65	334.15	347.05	331.95	0.69 times
25 Mon Nov 2024	332.45	328.65	335.00	321.50	0.793 times
22 Fri Nov 2024	326.65	310.80	328.55	310.75	1.251 times
21 Thu Nov 2024	309.50	312.00	312.00	306.00	0.553 times
19 Tue Nov 2024	310.40	313.20	319.80	308.45	1.518 times
18 Mon Nov 2024	311.80	319.40	322.90	309.95	0.563 times
14 Thu Nov 2024	317.85	324.70	332.00	315.80	0.881 times
13 Wed Nov 2024	320.45	341.90	345.50	316.25	1.887 times

My analysis of stock is bearish for shortterm, and stock might move down till 322.8 or till 291.7. Use a stoploss of 348.75 and if the stock hits stoploss, then it can shoot up till 374.7

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	315.80
Downside Target	328.55
Upside Target	348.50
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	329.8
Downside Intraday Target	312.15
Upside Intraday Target	356.8
Upside Intraday Target	366.15
Downside Intraday Target	339.15

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	347.45	328.65	348.50	321.50	0.547 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
28 Thu Nov 2024	347.45	382.95	385.00	306.00	1.033 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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

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 stronger in this stock.

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 and BUY signal is strong.

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 322.68 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 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.