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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 2024-12-10 View latest technical analysis

10 day averaged volume of Panama Petro is 6541

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	389.55	396.70	396.70	379.40	0.965 times
09 Mon Dec 2024	396.70	394.95	398.40	390.05	0.533 times
06 Fri Dec 2024	394.95	387.15	399.35	387.15	0.473 times
05 Thu Dec 2024	395.15	380.55	399.00	377.15	2.644 times
04 Wed Dec 2024	380.55	366.65	395.25	366.50	2.433 times
03 Tue Dec 2024	367.65	349.40	368.00	349.40	1.591 times
02 Mon Dec 2024	344.25	333.00	352.35	333.00	0.332 times
29 Fri Nov 2024	346.65	351.45	351.45	340.35	0.096 times
28 Thu Nov 2024	347.40	339.90	348.95	339.10	0.816 times
27 Wed Nov 2024	340.00	341.80	341.80	336.00	0.593 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 378.5, but if it comes below 378.5, then a intra day sell could be more profitable.
If you take a sell trade below 378.5, then use 378.5 as stoploss and 349.22 as target. However if you take a buy trade in stock , then use 378.5 as stoploss and 413.7 as target.

Share price targets for Panama Petro (PanamaPetro)

Target Type	Value
Downside Target	306.55
Downside Target	316.00
Downside Target	329.75
Downside Target	351.45
Downside Target	375.80
Downside Target	388.25
Upside Target	398.40
Upside Target	399.35
Upside Target	410.35
Upside Target	423.90
Upside Target	429.90

Intraday share price targets for Panama Petro (PanamaPetro)

Target Type	Value
Downside Intraday Target	379.83
Downside Intraday Target	370.12
Upside Intraday Target	398.83
Upside Intraday Target	408.12
Downside Intraday Target	389.12

Weekly technical analysis of Panama Petro (PanamaPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	389.55	394.95	398.40	379.40	0.2 times
06 Fri Dec 2024	394.95	333.00	399.35	333.00	3.341 times
29 Fri Nov 2024	346.65	325.90	351.45	322.10	0.816 times
22 Fri Nov 2024	326.55	329.75	329.75	306.55	0.347 times
14 Thu Nov 2024	317.95	365.35	375.80	316.00	2.968 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
10 Tue Dec 2024	389.55	333.00	399.35	333.00	0.54 times
29 Fri Nov 2024	346.65	388.25	388.25	306.55	1.102 times
31 Thu Oct 2024	380.95	389.55	410.35	354.60	0.7 times
30 Mon Sep 2024	387.25	423.90	423.90	384.45	0.509 times

Scroll below to view daily charts

Price has moved up 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Panama Petro ( (PanamaPetro) ) 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 Petro ( (PanamaPetro) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Panama Petro in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Panama Petro 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

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 378.24 and Panama Petro (PanamaPetro) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 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.