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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 2022-05-16 View latest technical analysis

10 day averaged volume of Parmax is 622

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 37.50 42.95 42.95 35.35 3.981 times
13 Fri May 2022 39.15 39.30 39.30 39.15 0.185 times
12 Thu May 2022 36.00 39.95 39.95 33.15 1.759 times
11 Wed May 2022 36.70 40.00 40.00 35.80 0.523 times
10 Tue May 2022 38.95 39.95 39.95 38.95 0.222 times
09 Mon May 2022 36.85 39.55 42.95 36.35 0.648 times
06 Fri May 2022 40.35 40.85 41.65 37.90 3.068 times
05 Thu May 2022 41.65 42.80 42.80 39.10 0.418 times
04 Wed May 2022 40.10 38.25 41.95 38.25 1.6 times
02 Mon May 2022 42.40 41.95 42.90 38.05 0.529 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 38.1, but if it comes above 38.1, then a intra day buy could be more profitable.
If you take a sell trade below 38.1, then use 38.1 as stoploss and 35.8 as target. However if you take a buy trade in stock , then use 38.1 as stoploss and 39.93 as target.

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 33.15
Downside Target 35.35
Downside Target 37.10
Upside Target 37.90
Upside Target 40.05
Upside Target 42.90
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

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 34.25
Downside Intraday Target 31
Upside Intraday Target 41.85
Upside Intraday Target 46.2
Upside Intraday Target 38.6

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 37.50 42.95 42.95 35.35 1.193 times
13 Fri May 2022 39.15 39.55 42.95 33.15 0.594 times
06 Fri May 2022 40.35 41.95 42.90 37.90 0.593 times
29 Fri Apr 2022 41.95 41.95 45.95 38.60 0.564 times
22 Fri Apr 2022 42.00 40.35 44.50 38.10 3.826 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 May 2022 37.50 41.95 42.95 33.15 0.299 times
29 Fri Apr 2022 41.95 40.85 47.00 37.10 1.821 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

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 5, 26, 68 Sell
MACD -3, -3Sell
Stochastics 44None
CCI -36Sell
RSI 50Sell
OBV -10177Sell
VWAP 39Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

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 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 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 weakening, and bulls are picking up momentum!

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 positive zone. This is a BUY 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 38.61 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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