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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 2024-12-19 View latest technical analysis

10 day averaged volume of Panama Petrochem is 61427

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	397.75	411.00	416.20	392.25	2.004 times
18 Wed Dec 2024	406.40	404.80	407.95	400.25	0.823 times
17 Tue Dec 2024	403.40	401.80	410.00	398.05	0.675 times
16 Mon Dec 2024	401.80	407.30	409.90	400.00	0.545 times
13 Fri Dec 2024	407.20	403.55	410.00	392.00	0.895 times
12 Thu Dec 2024	403.55	397.00	405.90	390.05	1.057 times
11 Wed Dec 2024	399.95	391.45	403.30	387.25	1.223 times
10 Tue Dec 2024	389.70	395.90	396.40	380.00	1.165 times
09 Mon Dec 2024	395.90	395.75	397.75	389.25	0.436 times
06 Fri Dec 2024	395.75	395.05	399.95	389.00	0.6 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 404.5 as stoploss in an intra day sell trade for a target of 376.1. However, stock will show a bullish move above 404.5.

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
Upside Target	400.05
Upside Target	410.00
Upside Target	416.20
Upside Target	424.00
Upside Target	427.20

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	387.93
Downside Intraday Target	378.12
Upside Intraday Target	411.88
Upside Intraday Target	426.02
Upside Intraday Target	402.07

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	397.75	407.30	416.20	392.25	0.847 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
19 Thu Dec 2024	397.75	341.65	416.20	338.15	0.901 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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.

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 SELL signal for Panama Petrochem in short term but SELL 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 399.77 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. 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.