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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 2022-10-04 View latest technical analysis

10 day averaged volume of Parmax is 1041

Date Daily Closing Price Open High Low Volume
04 Tue Oct 2022 31.25 33.50 33.50 31.00 0.466 times
03 Mon Oct 2022 33.85 34.00 34.00 30.65 5.23 times
30 Fri Sep 2022 34.00 34.30 34.30 30.60 0.579 times
29 Thu Sep 2022 33.75 33.90 33.90 30.60 0.301 times
28 Wed Sep 2022 31.70 32.35 34.40 29.75 1.631 times
27 Tue Sep 2022 33.00 34.40 34.40 30.70 0.215 times
26 Mon Sep 2022 33.95 34.40 34.40 31.05 0.608 times
23 Fri Sep 2022 34.30 34.50 34.50 32.65 0.51 times
22 Thu Sep 2022 33.95 32.00 34.60 31.05 0.472 times
21 Wed Sep 2022 34.30 34.00 34.75 32.55 0.442 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 31.4, for a target of 32.4 or 33.31

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 26.35
Downside Target 27.15
Downside Target 29.75
Upside Target 34.00
Upside Target 34.40
Upside Target 34.50
Upside Target 34.95
Upside Target 35.00
Upside Target 41.80

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 29.93
Downside Intraday Target 28.62
Upside Intraday Target 33.28
Upside Intraday Target 35.32
Upside Intraday Target 31.97

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
04 Tue Oct 2022 31.25 34.00 34.00 30.65 1.708 times
30 Fri Sep 2022 34.00 34.40 34.40 29.75 1.679 times
23 Fri Sep 2022 34.30 32.30 34.95 31.05 0.243 times
16 Fri Sep 2022 32.95 30.20 35.00 30.20 2.24 times
09 Fri Sep 2022 33.20 32.95 34.00 30.25 1.068 times

Price has moved down 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 Tue Oct 2022 31.25 34.00 34.00 30.65 0.313 times
30 Fri Sep 2022 34.00 34.50 35.00 29.75 1.38 times
30 Tue Aug 2022 33.85 30.50 34.50 27.15 1.893 times
29 Fri Jul 2022 30.50 33.70 34.50 27.20 0.365 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, 12, 42 Sell
MACD 0, 0Sell
Stochastics 65None
CCI -137Sell
RSI 49Sell
OBV -7786Sell
VWAP 33Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Parmax ( (Parmax) ) based on a short term time period is

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Parmax ( (Parmax) ) based on a mid to longer 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.

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 but the sell 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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

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 33.44 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.

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Daily charts

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