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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 2024-12-16 View latest technical analysis

10 day averaged volume of Panama Petrochem is 99457

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	401.80	407.30	409.90	400.00	0.336 times
13 Fri Dec 2024	407.20	403.55	410.00	392.00	0.553 times
12 Thu Dec 2024	403.55	397.00	405.90	390.05	0.653 times
11 Wed Dec 2024	399.95	391.45	403.30	387.25	0.755 times
10 Tue Dec 2024	389.70	395.90	396.40	380.00	0.72 times
09 Mon Dec 2024	395.90	395.75	397.75	389.25	0.269 times
06 Fri Dec 2024	395.75	395.05	399.95	389.00	0.37 times
05 Thu Dec 2024	395.05	380.55	400.05	377.50	1.594 times
04 Wed Dec 2024	380.55	363.55	396.80	363.55	2.607 times
03 Tue Dec 2024	366.70	344.00	368.90	344.00	0.822 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 396.3, but if it comes below 396.3, then a intra day sell could be more profitable.
If you take a sell trade below 396.3, then use 396.3 as stoploss and 362.3 as target. However if you take a buy trade in stock , then use 396.3 as stoploss and 437 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	321.50
Downside Target	328.55
Downside Target	338.15
Downside Target	349.20
Downside Target	380.00
Downside Target	400.00
Upside Target	409.90
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	397.9
Downside Intraday Target	394
Upside Intraday Target	407.8
Upside Intraday Target	413.8
Upside Intraday Target	403.9

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	401.80	407.30	409.90	400.00	0.114 times
13 Fri Dec 2024	407.20	395.75	410.00	380.00	0.418 times
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

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
16 Mon Dec 2024	401.80	341.65	410.00	338.15	0.745 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 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 BUY. Signal strength is Strong and stock is gaining 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 coming down

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 and the buying is gaining 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 389.72 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.