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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.

10 day averaged volume of Panama Petrochem is 167119

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 332.50 330.00 337.00 326.65 0.519 times
27 Wed Mar 2024 332.15 333.90 339.90 326.35 0.987 times
26 Tue Mar 2024 334.65 325.00 339.45 321.70 1.5 times
22 Fri Mar 2024 323.35 320.80 325.35 320.80 0.529 times
21 Thu Mar 2024 321.75 323.50 328.95 320.30 0.831 times
20 Wed Mar 2024 322.40 318.00 326.45 313.50 0.761 times
19 Tue Mar 2024 318.55 320.85 332.00 312.00 0.672 times
18 Mon Mar 2024 323.50 326.60 333.00 321.35 0.946 times
15 Fri Mar 2024 324.95 312.20 329.30 312.20 0.973 times
14 Thu Mar 2024 318.60 304.00 321.15 304.00 0.984 times

My analysis of stock is bearish for shortterm, and stock might move down till 319.2 or till 303. Use a stoploss of 332.78 and if the stock hits stoploss, then it can shoot up till 346.33

Share price targets for Panama Petrochem (PANAMAPET)

Target Type Value
Downside Target 296.85
Downside Target 321.70
Downside Target 330.00
Upside Target 339.90
Upside Target 341.10
Upside Target 355.00
Upside Target 356.00
Upside Target 362.00
Upside Target 365.95
Upside Target 387.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type Value
Downside Intraday Target 322.83
Downside Intraday Target 313.17
Upside Intraday Target 341.03
Upside Intraday Target 349.57
Downside Intraday Target 331.37

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 332.50 325.00 339.90 321.70 0.804 times
22 Fri Mar 2024 323.35 326.60 333.00 312.00 0.618 times
15 Fri Mar 2024 324.95 345.10 356.00 299.80 1.486 times
07 Thu Mar 2024 345.65 351.45 362.00 340.10 0.282 times
02 Sat Mar 2024 349.90 358.45 387.00 341.10 0.717 times

Price has moved up 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
28 Thu Mar 2024 332.50 344.95 362.00 299.80 0.291 times
29 Thu Feb 2024 344.40 364.60 387.00 304.10 1.902 times
31 Wed Jan 2024 359.20 332.90 365.95 308.00 0.75 times
29 Fri Dec 2023 331.90 311.50 355.00 307.00 2.083 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 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 neutral. A longer time frame might give a better analysis.

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 in or above the red cloud Prices appear to be moving up

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 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 325.89 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.

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 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 neutral. A longer time frame might give a better analysis.

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 in or above the red cloud Prices appear to be moving up

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 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 325.89 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.

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Daily charts

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