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(PanamaPetro) Panama Petro complete technical analysis [charts+indicators] | Buy/Sell Panama Petro | (PanamaPetro) share price targets

Complete technical analysis of Panama Petro (PanamaPetro) by charts plus indicators, forecast predictions and share price targets for Panama Petro (PanamaPetro)

Showing technical analysis as on 2024-10-30 View latest technical analysis

10 day averaged volume of Panama Petro is 4824

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	372.55	371.70	380.30	363.05	1.139 times
29 Tue Oct 2024	363.30	371.90	371.90	360.00	0.7 times
28 Mon Oct 2024	365.90	369.90	369.90	357.55	0.584 times
25 Fri Oct 2024	362.65	367.20	371.30	354.60	1.376 times
24 Thu Oct 2024	373.75	379.80	380.55	372.40	0.86 times
23 Wed Oct 2024	378.15	373.60	397.40	373.60	2.265 times
22 Tue Oct 2024	376.25	395.85	395.85	373.90	1.143 times
21 Mon Oct 2024	395.85	409.90	410.35	393.90	0.675 times
18 Fri Oct 2024	404.70	388.50	407.15	388.50	1.035 times
17 Thu Oct 2024	388.50	395.30	395.35	387.35	0.34 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 373.4, but if it comes above 373.4, then a intra day buy could be more profitable.
If you take a sell trade below 373.4, then use 373.4 as stoploss and 357.7 as target. However if you take a buy trade in stock , then use 373.4 as stoploss and 386.49 as target.

Share price targets for Panama Petro (PanamaPetro)

Target Type	Value
Downside Target	290.60
Downside Target	354.60
Upside Target	375.25
Upside Target	407.15
Upside Target	408.10
Upside Target	409.00
Upside Target	410.35
Upside Target	423.90
Upside Target	428.95
Upside Target	429.90
Upside Target	452.45

Intraday share price targets for Panama Petro (PanamaPetro)

Target Type	Value
Downside Intraday Target	359.97
Downside Intraday Target	347.38
Upside Intraday Target	382.72
Upside Intraday Target	392.88
Downside Intraday Target	370.13

Weekly technical analysis of Panama Petro (PanamaPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	372.55	369.90	380.30	357.55	0.383 times
25 Fri Oct 2024	362.65	409.90	410.35	354.60	1.964 times
18 Fri Oct 2024	404.70	393.10	407.15	387.20	0.868 times
11 Fri Oct 2024	396.35	383.00	408.10	375.25	0.736 times
03 Thu Oct 2024	393.50	401.15	409.00	383.80	0.719 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 Petro (PanamaPetro)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	372.55	389.55	410.35	354.60	0.697 times
30 Mon Sep 2024	387.25	423.90	423.90	384.45	0.509 times
30 Fri Aug 2024	415.20	415.30	429.90	382.00	0.554 times
31 Wed Jul 2024	413.30	394.30	452.45	383.65	1.055 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 Petro (PanamaPetro)

Price action analysis of Panama Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) 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 Petro stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Panama Petro 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 Petro 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Panama Petro in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Panama Petro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 377.33 and Panama Petro (PanamaPetro) 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 Petro (PanamaPetro) stock. Volume based technical analysis of Panama Petro (PanamaPetro) stock is negative.

Panama Petro 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.