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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 2022-01-24 View latest technical analysis

10 day averaged volume of Parmax is 4522

Date Daily Closing Price Open High Low Volume
24 Mon Jan 2022 56.75 57.90 57.90 54.00 0.144 times
21 Fri Jan 2022 55.35 55.00 58.20 54.80 0.303 times
20 Thu Jan 2022 57.50 57.75 59.80 55.05 0.873 times
19 Wed Jan 2022 57.75 55.50 59.60 55.50 0.086 times
18 Tue Jan 2022 58.00 58.10 59.80 58.00 0.606 times
17 Mon Jan 2022 61.00 62.95 62.95 59.00 1.185 times
14 Fri Jan 2022 61.95 60.50 63.50 57.70 1.475 times
13 Thu Jan 2022 60.50 57.75 62.50 56.60 0.702 times
12 Wed Jan 2022 59.55 62.80 63.00 57.25 2.052 times
11 Tue Jan 2022 60.25 55.00 60.25 54.60 1.563 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.9, but if it comes above 56.9, then a intra day buy could be more profitable.
If you take a sell trade below 56.9, then use 56.9 as stoploss and 54.9 as target. However if you take a buy trade in stock , then use 56.9 as stoploss and 58.5 as target.

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 54.00
Upside Target 57.90
Upside Target 61.00
Upside Target 62.95
Upside Target 63.50
Upside Target 65.00
Upside Target 70.90

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 54.53
Downside Intraday Target 52.32
Upside Intraday Target 58.43
Upside Intraday Target 60.12
Downside Intraday Target 56.22

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
24 Mon Jan 2022 56.75 57.90 57.90 54.00 0.047 times
21 Fri Jan 2022 55.35 62.95 62.95 54.80 0.439 times
14 Fri Jan 2022 61.95 57.90 63.50 54.60 1.701 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

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 Parmax (Parmax)

Date Monthly Closing Price Open High Low Volume
24 Mon Jan 2022 56.75 60.00 63.50 54.00 0.529 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 12, 14, 7 Sell
MACD 3, 4Sell
Stochastics 23Sell
CCI -109Buy
RSI 57Buy
OBV -3506Sell
VWAP 60Sell
ADL 0Sell
ROC -1Sell
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 SELL. Signal strength is Weak 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 moving up

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.82 and Parmax (Parmax) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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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Daily chart

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