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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 2022-11-23 View latest technical analysis

10 day averaged volume of Parmax is 1040

Date Daily Closing Price Open High Low Volume
23 Wed Nov 2022 35.75 37.00 37.00 33.55 0.419 times
22 Tue Nov 2022 36.40 35.25 37.50 34.00 0.972 times
21 Mon Nov 2022 37.65 37.65 37.65 37.65 0.002 times
18 Fri Nov 2022 36.90 37.00 38.45 33.10 0.365 times
17 Thu Nov 2022 38.50 36.95 39.00 36.70 0.47 times
16 Wed Nov 2022 36.95 34.85 36.95 34.70 0.482 times
15 Tue Nov 2022 34.85 33.70 35.50 28.05 3.844 times
14 Mon Nov 2022 33.70 33.00 37.45 33.00 2.038 times
11 Fri Nov 2022 36.50 37.95 37.95 32.75 0.112 times
10 Thu Nov 2022 36.50 37.80 37.80 33.00 0.588 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.3 as stoploss in an intra day buy trade for a target of 36.86. However, stock will show a bearish move below 35.3.

Share price targets for Parmax (Parmax)

Target Type Value
Downside Target 27.15
Downside Target 28.05
Downside Target 29.75
Downside Target 30.55
Downside Target 32.50
Downside Target 33.20
Downside Target 34.50
Upside Target 36.45
Upside Target 37.65
Upside Target 38.45
Upside Target 39.00
Upside Target 43.90

Intraday share price targets for Parmax (Parmax)

Target Type Value
Downside Intraday Target 33.65
Downside Intraday Target 31.55
Upside Intraday Target 37.75
Upside Intraday Target 39.75
Downside Intraday Target 35.65

Weekly technical analysis of Parmax (Parmax)

Date Weekly Closing Price Open High Low Volume
23 Wed Nov 2022 35.75 37.65 37.65 33.55 0.194 times
18 Fri Nov 2022 36.90 33.00 39.00 28.05 3.299 times
11 Fri Nov 2022 36.50 37.20 38.45 32.50 0.551 times
04 Fri Nov 2022 36.75 37.00 39.00 33.20 1.57 times
28 Fri Oct 2022 39.40 43.90 43.90 36.45 0.489 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
23 Wed Nov 2022 35.75 36.85 39.00 28.05 0.484 times
31 Mon Oct 2022 38.80 34.00 43.90 30.55 1.665 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

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 10, 31, 53 Sell
MACD 1, 1Sell
Stochastics 78Buy
CCI -29Sell
RSI 53Buy
OBV 2401Sell
VWAP 35Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Parmax ( (Parmax) ) based on a short 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 BUY signal in short term and the buying is gaining 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 35.3 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.

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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