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

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

Showing technical analysis as on 2021-08-16 View latest technical analysis

10 day averaged volume of Parmax is 2405

Date Daily Closing Price Open High Low Volume
16 Mon Aug 2021 43.50 44.10 48.50 42.75 2.413 times
13 Fri Aug 2021 47.45 46.90 48.80 42.00 1.329 times
12 Thu Aug 2021 44.55 47.95 49.65 43.10 1.415 times
11 Wed Aug 2021 46.95 49.20 49.20 42.50 0.78 times
10 Tue Aug 2021 46.20 48.65 49.45 42.55 0.756 times
09 Mon Aug 2021 45.00 50.00 50.30 44.90 1.763 times
06 Fri Aug 2021 45.80 51.70 51.70 43.10 2.1 times
05 Thu Aug 2021 47.00 49.40 51.80 46.95 0.537 times
04 Wed Aug 2021 49.40 53.05 53.05 49.40 0.163 times
03 Tue Aug 2021 52.00 56.40 56.40 51.10 0.316 times

Stock of Parmax (Parmax) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46, but if it comes above 46, then a intra day buy could be more profitable.
If you take a sell trade below 46, then use 46 as stoploss and 39.5 as target. However if you take a buy trade in stock , then use 46 as stoploss and 51.34 as target.

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 35.50
Downside Target 42.00
Upside Target 47.85
Upside Target 50.30
Upside Target 52.00
Upside Target 54.10
Upside Target 57.05
Upside Target 58.80
Upside Target 59.00
Upside Target 61.45
Upside Target 64.55
Upside Target 81.90

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 41.33
Downside Intraday Target 39.17
Upside Intraday Target 47.08
Upside Intraday Target 50.67
Upside Intraday Target 44.92

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
16 Mon Aug 2021 43.50 44.10 48.50 42.75 0.399 times
13 Fri Aug 2021 47.45 50.00 50.30 42.00 1.527 times
06 Fri Aug 2021 45.80 59.00 59.00 43.10 2.977 times
30 Fri Jul 2021 56.20 51.50 58.80 48.90 1.204 times
23 Fri Jul 2021 54.10 64.55 64.55 54.10 1.121 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 Parmax (Parmax)

Date Monthly Closing Price Open High Low Volume
16 Mon Aug 2021 43.50 59.00 59.00 42.00 1.657 times
30 Fri Jul 2021 56.20 59.60 64.55 47.85 0.291 times
30 Wed Jun 2021 62.70 58.00 81.90 55.15 1.489 times
31 Mon May 2021 58.00 58.15 61.45 52.00 0.822 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Parmax (Parmax)

Indicator Name Indicator Value Indicator Signal
ADX 7, 22, 54 Sell
MACD -6, -5Sell
Stochastics 18Sell
CCI -87Sell
RSI 41Sell
OBV -13814Sell
VWAP 46Sell
ADL 0Sell
ROC -19Sell
Force Index 0Sell

Price action analysis of Parmax ( (Parmax) ) 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 Parmax ( (Parmax) ) 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 Parmax ( (Parmax) ) 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 Parmax ( (Parmax) ) 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 Parmax stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Parmax in short term and the sell signal is strong.

Parmax 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 Parmax in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Parmax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.61 and Parmax (Parmax) 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 Parmax (Parmax) stock. Volume based technical analysis of Parmax (Parmax) stock is negative.

Parmax 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.

Click here for Parmax charts

Click here for further forecast and predictions for tomorrow

Daily charts

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