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Stock analysis Panama Petrochem Limited PANAMAPET

More indepth analysis on MunafaSutra.com

Moving Averages for Panama Petrochem Limited

  • 5Day Average: 350.71
  • 12Day Average: 356.22
  • 20Day Average: 360.04
  • 50Day Average: 372.09
  • 100Day Average: 375.17
  • 150Day Average: 387.35
  • 200Day Average: 381.77

PANAMAPET Indicators & signals

Indicator MACD (12,26,9)

357.09, 362.09, -5.83
Indicator MACD is in negative zone

Indicator ADX (14)

17.74, 26.74, 18.68
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PANAMAPET Panama Petrochem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
31 Fri Jan 2025 377.15 343.95 to 379.80 7.31% 7.57 times
30 Thu Jan 2025 351.45 342.00 to 355.50 1.03% 0.57 times
29 Wed Jan 2025 347.85 335.25 to 351.00 3.8% 0.49 times
28 Tue Jan 2025 335.10 327.05 to 341.20 -2.02% 0.95 times
27 Mon Jan 2025 342.00 334.50 to 353.55 -3.74% 1.09 times
24 Fri Jan 2025 355.30 350.10 to 357.65 0.47% 0.65 times
23 Thu Jan 2025 353.65 345.00 to 358.00 2.05% 1.79 times
22 Wed Jan 2025 346.55 339.50 to 359.80 -3.71% 2.4 times
21 Tue Jan 2025 359.90 357.90 to 375.05 -2.89% 1.03 times
20 Mon Jan 2025 370.60 361.00 to 372.00 1.01% 0.43 times
17 Fri Jan 2025 366.90 365.10 to 372.90 -0.35% 0.6 times
16 Thu Jan 2025 368.20 366.25 to 371.45 -0.46% 0.26 times

Technical analysis forecast of Panama Petrochem Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Panama Petrochem Limited PANAMAPET at this time. Stock is rising and might rise more.

It appears as if Panama Petrochem Limited PANAMAPET gave a large move recently.

Stock of Panama Petrochem Limited (PANAMAPET) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Panama Petrochem Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Panama Petrochem Limited stays above 371.3, but if it comes below 371.3, then a intra day sell could be more profitable.
If you take a sell trade below 371.3, then use 371.3 as stoploss and 360.11 as target. However if you take a buy trade in Panama Petrochem Limited, then use 371.3 as stoploss and 384.8 as target.

More indepth analysis on MunafaSutra.com