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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 2022-01-10 View latest technical analysis

10 day averaged volume of Parmax is 4091

Date Daily Closing Price Open High Low Volume
10 Mon Jan 2022 57.40 57.90 59.10 55.70 1.277 times
07 Fri Jan 2022 57.90 57.90 57.90 55.65 1.886 times
06 Thu Jan 2022 57.40 58.50 58.50 55.60 0.23 times
05 Wed Jan 2022 58.50 58.00 59.40 56.85 0.736 times
04 Tue Jan 2022 56.85 61.00 61.00 56.85 0.619 times
03 Mon Jan 2022 59.80 60.00 60.95 58.05 1.043 times
31 Fri Dec 2021 59.95 57.90 65.00 57.25 1.429 times
30 Thu Dec 2021 59.05 57.35 59.05 56.05 1.33 times
29 Wed Dec 2021 57.35 59.50 59.50 56.55 0.503 times
28 Tue Dec 2021 57.25 56.50 60.35 56.50 1.417 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56.8 as stoploss in an intra day buy trade for a target of 59.01. However, stock will show a bearish move below 56.8.

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 36.30
Downside Target 40.00
Downside Target 43.75
Downside Target 44.70
Downside Target 46.95
Downside Target 52.65
Downside Target 55.10
Upside Target 59.10
Upside Target 61.00
Upside Target 65.00
Upside Target 66.45
Upside Target 70.90

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 55.7
Downside Intraday Target 54
Upside Intraday Target 59.1
Upside Intraday Target 60.8
Upside Intraday Target 57.4

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
10 Mon Jan 2022 57.40 57.90 59.10 55.70 0.283 times
07 Fri Jan 2022 57.90 60.00 61.00 55.60 0.823 times
31 Fri Dec 2021 59.95 60.00 65.00 55.10 1.012 times
24 Fri Dec 2021 59.00 63.50 66.45 52.65 0.629 times
17 Fri Dec 2021 62.25 57.60 70.90 53.00 1.086 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
10 Mon Jan 2022 57.40 60.00 61.00 55.60 0.195 times
31 Fri Dec 2021 59.95 41.95 70.90 40.00 4.249 times
30 Tue Nov 2021 40.50 42.00 43.75 36.50 0.625 times
29 Fri Oct 2021 40.10 39.00 44.70 36.60 0.975 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 Parmax (Parmax)

Indicator Name Indicator Value Indicator Signal
ADX 20, 12, 25 Buy
MACD 5, 6Sell
Stochastics 24Sell
CCI -73Buy
RSI 57Buy
OBV 19766Sell
VWAP 58Sell
ADL 0Sell
ROC -0Sell
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Parmax stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 buy signal for Parmax in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 58.31 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 positive

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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