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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)

10 day averaged volume of Panama Petro is 11128

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 333.60 333.80 336.65 332.00 0.501 times
07 Tue May 2024 336.65 341.45 345.00 334.05 0.447 times
06 Mon May 2024 333.65 347.05 350.95 332.90 1.894 times
03 Fri May 2024 348.00 333.25 352.00 331.65 2.629 times
02 Thu May 2024 335.90 343.10 343.10 329.25 0.414 times

My analysis of stock is bearish for shortterm, and stock might move down till 330.5 or till 324.5. Use a stoploss of 335.46 and if the stock hits stoploss, then it can shoot up till 340.43

Share price targets for Panama Petro (PanamaPetro)

Target Type Value
Downside Target 298.20
Downside Target 307.80
Downside Target 316.45
Downside Target 328.00
Upside Target 344.00
Upside Target 350.95
Upside Target 352.00
Upside Target 355.55
Upside Target 361.65
Upside Target 366.00
Upside Target 387.05

Intraday share price targets for Panama Petro (PanamaPetro)

Target Type Value
Downside Intraday Target 326.75
Downside Intraday Target 319.9
Upside Intraday Target 345.7
Upside Intraday Target 357.8
Upside Intraday Target 338.85

Weekly technical analysis of Panama Petro (PanamaPetro)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 333.60 347.05 350.95 332.00 0.717 times
03 Fri May 2024 348.00 336.45 352.00 328.00 0.636 times
26 Fri Apr 2024 335.45 343.75 344.00 332.30 2.016 times
19 Fri Apr 2024 338.60 326.85 346.15 316.45 1.461 times
12 Fri Apr 2024 329.05 340.15 346.25 328.70 0.714 times

Price has moved down 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
08 Wed May 2024 333.60 343.10 352.00 329.25 0.384 times
30 Tue Apr 2024 335.00 331.00 355.55 316.45 0.817 times
28 Thu Mar 2024 330.95 349.75 361.65 298.20 0.29 times
29 Thu Feb 2024 344.65 365.00 387.05 300.90 1.595 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 Petro (PanamaPetro)

Indicator Name Indicator Value Indicator Signal
ADX 16, 17, 4 Sell
MACD 1, 1Sell
Stochastics 28Sell
CCI -76Sell
RSI 49Sell
OBV 26Sell
VWAP 338Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Panama Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) based on a short to mid 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 Petro ( (PanamaPetro) ) based on a mid to longer 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.

ADX buy sell signal for Panama Petro stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Panama Petro in short term but the sell signal is initial and weak.

Panama Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down

CCI has generated a SELL signal for Panama Petro in short term and SELL signal is strong!

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 338.02 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 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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