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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 2024-12-27 View latest technical analysis

10 day averaged volume of Panama Petrochem is 51497

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	373.00	376.40	378.60	364.00	0.914 times
26 Thu Dec 2024	376.70	385.00	386.75	375.10	0.321 times
24 Tue Dec 2024	385.50	385.00	394.05	382.00	0.348 times
23 Mon Dec 2024	390.55	402.70	402.70	386.00	0.969 times
20 Fri Dec 2024	399.75	398.80	404.25	389.85	1.206 times
19 Thu Dec 2024	397.75	411.00	416.20	392.25	2.391 times
18 Wed Dec 2024	406.40	404.80	407.95	400.25	0.981 times
17 Tue Dec 2024	403.40	401.80	410.00	398.05	0.806 times
16 Mon Dec 2024	401.80	407.30	409.90	400.00	0.65 times
13 Fri Dec 2024	407.20	403.55	410.00	392.00	1.067 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 369.8 as stoploss in an intra day buy trade for a target of 387.93. However, stock will show a bearish move below 369.8.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	321.50
Downside Target	338.15
Downside Target	349.20
Downside Target	364.00
Upside 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	357.1
Downside Intraday Target	341.2
Upside Intraday Target	395.8
Upside Intraday Target	418.6
Upside Intraday Target	379.9

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	373.00	402.70	402.70	364.00	0.423 times
20 Fri Dec 2024	399.75	407.30	416.20	389.85	1.059 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

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
27 Fri Dec 2024	373.00	341.65	416.20	338.15	1.041 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Panama Petrochem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Panama Petrochem in short term and SELL signal is strong!

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 396.46 and Panama Petrochem (PANAMAPET) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.