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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 2024-12-02 View latest technical analysis

10 day averaged volume of Panama Petrochem is 73480

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	343.20	341.65	352.70	338.15	2.243 times
29 Fri Nov 2024	346.25	349.20	349.20	341.50	0.404 times
28 Thu Nov 2024	347.45	338.40	348.50	338.40	0.644 times
27 Wed Nov 2024	340.55	341.95	341.95	337.40	0.25 times
26 Tue Nov 2024	341.65	334.15	347.05	331.95	0.962 times
25 Mon Nov 2024	332.45	328.65	335.00	321.50	1.105 times
22 Fri Nov 2024	326.65	310.80	328.55	310.75	1.742 times
21 Thu Nov 2024	309.50	312.00	312.00	306.00	0.77 times
19 Tue Nov 2024	310.40	313.20	319.80	308.45	2.114 times
18 Mon Nov 2024	311.80	319.40	322.90	309.95	0.784 times

Stock of Panama Petrochem (PANAMAPET) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 321.4 or till 292.4. Use a stoploss of 345.5 and if the stock hits stoploss, then it can shoot up till 369.63

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	315.80
Downside Target	328.55
Downside Target	338.15
Upside Target	349.20
Upside Target	376.40
Upside Target	380.15
Upside Target	383.10
Upside Target	385.00
Upside Target	410.00
Upside Target	424.00
Upside Target	427.20

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	336.67
Downside Intraday Target	330.13
Upside Intraday Target	351.22
Upside Intraday Target	359.23
Upside Intraday Target	344.68

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	343.20	341.65	352.70	338.15	0.667 times
29 Fri Nov 2024	346.25	328.65	349.20	321.50	0.622 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

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
02 Mon Dec 2024	343.20	341.65	352.70	338.15	0.119 times
29 Fri Nov 2024	346.25	382.95	385.00	306.00	1.055 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

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 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 328.79 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.