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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 2022-08-04 View latest technical analysis

10 day averaged volume of Parmax is 474

Date Daily Closing Price Open High Low Volume
04 Thu Aug 2022 31.85 30.90 31.85 27.15 0.658 times
03 Wed Aug 2022 30.90 31.60 31.60 27.15 0.462 times
02 Tue Aug 2022 30.95 30.95 30.95 30.00 1.015 times
01 Mon Aug 2022 30.80 30.50 30.90 30.00 1.061 times
29 Fri Jul 2022 30.50 30.95 30.95 28.20 0.141 times
28 Thu Jul 2022 30.70 30.95 30.95 30.65 0.428 times
27 Wed Jul 2022 30.00 27.20 30.95 27.20 0.217 times
26 Tue Jul 2022 30.95 30.30 30.95 30.30 0.017 times
25 Mon Jul 2022 30.90 30.95 30.95 30.90 0.11 times
22 Fri Jul 2022 30.55 32.70 32.70 28.60 5.017 times

My analysis of stock is bearish for shortterm, and stock might move down till 30.7 or till 29. Use a stoploss of 32.07 and if the stock hits stoploss, then it can shoot up till 33.46

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 26.35
Downside Target 27.15
Downside Target 28.05
Downside Target 30.95
Downside Target 31.85
Upside Target 33.15
Upside Target 33.90
Upside Target 34.50
Upside Target 37.10
Upside Target 41.80
Upside Target 42.95
Upside Target 47.00

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 28.72
Downside Intraday Target 25.58
Upside Intraday Target 33.42
Upside Intraday Target 34.98
Downside Intraday Target 30.28

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
04 Thu Aug 2022 31.85 30.50 31.85 27.15 3.499 times
29 Fri Jul 2022 30.50 30.95 30.95 27.20 0.105 times
22 Fri Jul 2022 30.55 33.65 33.65 28.60 6.461 times
15 Fri Jul 2022 32.95 33.95 34.50 28.05 0.367 times
08 Fri Jul 2022 33.85 33.90 33.90 28.05 0.811 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Parmax (Parmax)

Date Monthly Closing Price Open High Low Volume
04 Thu Aug 2022 31.85 30.50 31.85 27.15 0.209 times
29 Fri Jul 2022 30.50 33.70 34.50 27.20 0.365 times
30 Thu Jun 2022 32.50 36.25 41.80 26.35 1.25 times
31 Tue May 2022 38.95 41.95 42.95 33.15 0.59 times

Scroll below to view daily charts

Price has moved up 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 4, 35, 78 Sell
MACD -2, -2Buy
Stochastics 73Buy
CCI -14Buy
RSI 39Sell
OBV -700Sell
VWAP 31Buy
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Parmax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 SELL signal in short term but selling is losing 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 30.73 and Parmax (Parmax) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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