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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 2023-03-29 View latest technical analysis

10 day averaged volume of Parmax is 632

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	28.92	27.00	28.92	27.00	1.199 times
28 Tue Mar 2023	27.55	30.45	30.45	27.55	0.926 times
27 Mon Mar 2023	29.00	28.99	29.00	28.99	1.274 times
24 Fri Mar 2023	30.51	30.51	30.55	30.51	0.957 times
23 Thu Mar 2023	32.07	32.10	32.10	30.53	0.176 times
21 Tue Mar 2023	32.13	32.54	32.54	30.95	0.097 times
20 Mon Mar 2023	32.55	29.50	32.55	29.50	0.462 times
17 Fri Mar 2023	31.00	32.50	32.50	29.71	0.764 times
16 Thu Mar 2023	31.16	31.18	31.35	31.16	1.024 times
15 Wed Mar 2023	32.80	32.89	32.89	30.50	3.127 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.1, but if it comes above 30.1, then a intra day buy could be more profitable.
If you take a sell trade below 30.1, then use 30.1 as stoploss and 28 as target. However if you take a buy trade in stock , then use 30.1 as stoploss and 31.78 as target.

Share price targets for Parmax (Parmax)

Target Type	Value
Downside Target	27.00
Downside Target	27.55
Upside Target	29.50
Upside Target	30.45
Upside Target	32.55
Upside Target	33.30
Upside Target	34.55
Upside Target	34.60
Upside Target	34.85
Upside Target	39.00
Upside Target	39.60
Upside Target	40.95
Upside Target	57.60

Intraday share price targets for Parmax (Parmax)

Target Type	Value
Downside Intraday Target	27.13
Downside Intraday Target	25.34
Upside Intraday Target	30.58
Upside Intraday Target	32.24
Downside Intraday Target	28.79

Weekly technical analysis of Parmax (Parmax)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	28.92	28.99	30.45	27.00	2.009 times
24 Fri Mar 2023	30.51	29.50	32.55	29.50	0.259 times
17 Fri Mar 2023	31.00	32.65	34.55	29.71	1.762 times
10 Fri Mar 2023	32.65	32.31	34.60	30.90	0.556 times
03 Fri Mar 2023	34.00	33.80	34.85	30.60	1.876 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
29 Wed Mar 2023	28.92	34.40	34.60	27.00	0.551 times
28 Tue Feb 2023	32.90	34.70	39.60	30.60	0.403 times
31 Tue Jan 2023	34.00	38.00	40.95	33.30	0.282 times
30 Fri Dec 2022	38.70	35.50	57.60	27.55	9.296 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)

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 30.81 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.