(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)
10 day averaged volume of Panama Petrochem is 605016
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 358.90 | 364.20 | 368.85 | 356.10 | 0.15 times |
| 30 Thu May 2024 | 364.20 | 373.60 | 379.20 | 361.60 | 0.284 times |
| 29 Wed May 2024 | 376.00 | 378.10 | 384.05 | 372.50 | 0.425 times |
| 28 Tue May 2024 | 378.85 | 372.90 | 399.00 | 366.00 | 3.769 times |
| 27 Mon May 2024 | 368.70 | 348.25 | 392.00 | 347.10 | 4.271 times |
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 361.1 as stoploss in an intra day sell trade for a target of 344.43. However, stock will show a bullish move above 361.1.
Share price targets for Panama Petrochem (PANAMAPET)
| Target Type | Value |
| Downside Target | 299.80 |
| Downside Target | 316.05 |
| Downside Target | 340.00 |
| Downside Target | 347.10 |
| Downside Target | 352.80 |
| Downside Target | 355.35 |
| Downside Target | 358.60 |
| Upside Target | 362.00 |
| Upside Target | 365.95 |
| Upside Target | 387.00 |
| Upside Target | 399.00 |
Intraday share price targets for Panama Petrochem (PANAMAPET)
| Target Type | Value |
| Downside Intraday Target | 337.67 |
| Downside Intraday Target | 316.43 |
| Upside Intraday Target | 389.57 |
| Upside Intraday Target | 420.23 |
| Upside Intraday Target | 368.33 |
Weekly technical analysis of Panama Petrochem (PANAMAPET)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 358.90 | 348.25 | 399.00 | 347.10 | 8.073 times |
| 24 Fri May 2024 | 347.25 | 333.50 | 358.60 | 331.40 | 1.574 times |
| 17 Fri May 2024 | 333.40 | 327.35 | 340.00 | 322.20 | 0.917 times |
| 10 Fri May 2024 | 326.75 | 349.00 | 351.95 | 324.05 | 0.507 times |
| 03 Fri May 2024 | 347.95 | 336.90 | 352.80 | 328.00 | 2.89 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 |
| 31 Fri May 2024 | 358.90 | 336.40 | 399.00 | 322.20 | 3.753 times |
| 30 Tue Apr 2024 | 335.10 | 334.15 | 355.35 | 316.05 | 0.673 times |
| 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 |
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Panama Petrochem (PANAMAPET)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 30, 14, 36 | Buy |
| MACD | 14, 11 | Buy |
| Stochastics | 54 | None |
| CCI | 12 | Sell |
| RSI | 60 | Buy |
| OBV | 5037412 | Sell |
| VWAP | 370 | Sell |
| ADL | 0 | Sell |
| ROC | 8 | Buy |
| Force Index | 0 | Sell |
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 losing momentum.
MACD generated a BUY signal for Panama Petrochem in short term and the buy signal is strong.
Panama Petrochem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 370.42 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.
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