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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 2022-04-25 View latest technical analysis

10 day averaged volume of Parmax is 1691

Date Daily Closing Price Open High Low Volume
25 Mon Apr 2022 40.15 41.95 45.95 40.00 1.657 times
22 Fri Apr 2022 42.00 40.00 42.00 40.00 0.42 times
21 Thu Apr 2022 40.00 40.00 40.00 39.10 0.722 times
20 Wed Apr 2022 40.80 42.50 42.50 38.50 2.601 times
19 Tue Apr 2022 40.05 39.10 43.10 38.10 1.452 times
18 Mon Apr 2022 41.85 40.35 44.50 39.45 0.976 times
13 Wed Apr 2022 43.00 43.80 43.80 40.00 0.079 times
12 Tue Apr 2022 41.85 39.20 43.10 39.20 0.266 times
11 Mon Apr 2022 42.00 44.80 44.80 37.10 1.268 times
08 Fri Apr 2022 40.85 44.90 46.00 40.00 1.125 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.7, but if it comes above 40.7, then a intra day buy could be more profitable.
If you take a sell trade below 40.7, then use 40.7 as stoploss and 39.3 as target. However if you take a buy trade in stock , then use 40.7 as stoploss and 41.99 as target.

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 37.10
Downside Target 38.10
Downside Target 40.00
Upside Target 44.50
Upside Target 45.95
Upside Target 46.95
Upside Target 47.00
Upside Target 49.05
Upside Target 56.80
Upside Target 63.50
Upside Target 70.90

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 38.12
Downside Intraday Target 36.08
Upside Intraday Target 44.07
Upside Intraday Target 47.98
Upside Intraday Target 42.03

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
25 Mon Apr 2022 40.15 41.95 45.95 40.00 0.268 times
22 Fri Apr 2022 42.00 40.35 44.50 38.10 3.826 times
13 Wed Apr 2022 43.00 44.80 44.80 37.10 0.366 times
08 Fri Apr 2022 40.85 41.95 47.00 40.00 1.358 times
01 Fri Apr 2022 42.80 44.60 45.75 40.00 2.399 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
25 Mon Apr 2022 40.15 40.85 47.00 37.10 1.611 times
31 Thu Mar 2022 40.85 46.10 46.95 40.05 1.075 times
28 Mon Feb 2022 46.10 54.50 56.80 45.00 0.197 times
31 Mon Jan 2022 53.40 60.00 63.50 49.05 0.574 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 22, 11, 34 Buy
MACD -2, -2Buy
Stochastics 38None
CCI 72Buy
RSI 48Sell
OBV -6661Sell
VWAP 41Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Parmax ( (Parmax) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Parmax ( (Parmax) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Parmax ( (Parmax) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

Parmax Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Parmax in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 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 40.88 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

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Daily charts

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