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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 2024-12-06 View latest technical analysis

10 day averaged volume of Panama Petrochem is 103951

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	395.75	395.05	399.95	389.00	0.354 times
05 Thu Dec 2024	395.05	380.55	400.05	377.50	1.525 times
04 Wed Dec 2024	380.55	363.55	396.80	363.55	2.494 times
03 Tue Dec 2024	366.70	344.00	368.90	344.00	0.786 times
02 Mon Dec 2024	343.20	341.65	352.70	338.15	1.585 times
29 Fri Nov 2024	346.25	349.20	349.20	341.50	0.286 times
28 Thu Nov 2024	347.45	338.40	348.50	338.40	0.455 times
27 Wed Nov 2024	340.55	341.95	341.95	337.40	0.176 times
26 Tue Nov 2024	341.65	334.15	347.05	331.95	0.68 times
25 Mon Nov 2024	332.45	328.65	335.00	321.50	0.781 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 406.4, for a target of 374.1 or 347.21

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
Downside Target	349.20
Downside Target	376.40
Downside Target	385.00
Upside Target	400.05
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	355.92
Downside Intraday Target	316.08
Upside Intraday Target	417.82
Upside Intraday Target	439.88
Downside Intraday Target	377.98

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	395.75	341.65	400.05	338.15	2.836 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Panama Petrochem (PANAMAPET)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	395.75	341.65	400.05	338.15	0.508 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 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 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 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 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 Strong and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 365.36 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 positive

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