(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 88562
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 333.40 | 328.70 | 340.00 | 328.15 | 1.326 times |
| 16 Thu May 2024 | 328.65 | 331.70 | 334.50 | 324.00 | 1.53 times |
| 15 Wed May 2024 | 331.70 | 324.45 | 334.45 | 324.45 | 0.672 times |
| 14 Tue May 2024 | 327.15 | 327.70 | 330.25 | 325.40 | 0.708 times |
| 13 Mon May 2024 | 326.45 | 327.35 | 330.30 | 322.20 | 0.547 times |
My analysis of stock is bearish for shortterm, and stock might move down till 328.6 or till 322.1. Use a stoploss of 334.04 and if the stock hits stoploss, then it can shoot up till 339.45
Share price targets for Panama Petrochem (PANAMAPET)
| Target Type | Value |
| Downside Target | 299.80 |
| Downside Target | 316.05 |
| Upside Target | 340.00 |
| Upside Target | 347.40 |
| Upside Target | 351.95 |
| Upside Target | 352.80 |
| Upside Target | 355.35 |
| 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 | 323.73 |
| Downside Intraday Target | 314.07 |
| Upside Intraday Target | 341.53 |
| Upside Intraday Target | 349.67 |
| Downside Intraday Target | 331.87 |
Weekly technical analysis of Panama Petrochem (PANAMAPET)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 26 Fri Apr 2024 | 335.75 | 338.65 | 344.90 | 332.00 | 0.645 times |
| 19 Fri Apr 2024 | 338.10 | 325.05 | 347.40 | 316.05 | 1.291 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 |
| 17 Fri May 2024 | 333.40 | 336.40 | 352.80 | 322.20 | 0.785 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 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 16, 13, 12 | Buy |
| MACD | -2, -2 | Sell |
| Stochastics | 30 | Sell |
| CCI | 36 | Buy |
| RSI | 52 | Buy |
| OBV | 626355 | Sell |
| VWAP | 331 | Buy |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short term time period is
Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Panama Petrochem ( (PANAMAPET) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Panama Petrochem in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 buy signal for Panama Petrochem in short term and BUY signal is strong.
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 331.22 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 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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