14-day Premium Trial Subscription Sign Up For FreeGet Free

Panama Petrochem Limited Stock Forecast NSE:PANAMAPET

₹313.85 (0%)

Volume: 0

Closed: Jan 21, 2022

Hollow Logo Score: 4.971

Panama Petrochem Limited Stock Forecast

₹313.85 (0%)

Volume: 0

Closed: Jan 21, 2022

Score Hollow Logo 4.971
Which way will PANAMAPET.NS go? Request

PANAMAPET.NS Stock Risk

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 2.60%

Our recommended stop-loss: ₹297.57 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 73 and the stock is currently not being overbought or oversold

Panama Petrochem Limited stock price ended on ₹313.85 on Friday after losing 0%
(Updated on Jan 21, 2022)


Buy or Hold candidate since 2022-01-10 Loss -3.65% PDF

No changes to the price of Panama Petrochem Limited stock on the last trading day (Friday, 21st Jan 2022). During the day the stock fluctuated 0% from a day low at ₹313.85 to a day high of ₹313.85. The price has risen in 5 of the last 10 days and is up by 3.14% over the past 2 weeks.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.86% during the next 3 months and, with a 90% probability hold a price between ₹297.06 and ₹381.20 at the end of this 3-month period.

Signals & Forecast

The Panama Petrochem Limited stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹313.04 and ₹274.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 19, 2022, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Panama Petrochem Limited finds support from accumulated volume at ₹313.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 2.60%

Our recommended stop-loss: ₹297.57 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is Panama Petrochem Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Panama Petrochem Limited stock to perform well in the short-term.

Current score: 4.971

Buy Candidate Unchanged

Predicted Opening Price for Panama Petrochem Limited of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
₹313.85 ₹313.85 (Undervalued)

Remember To Visit Our YouTube Channel

Volatility and Risk
Daily Average Volatility: 2.60 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.60 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: ₹317.30
Price: ₹313.85
Support: ₹313.40

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 313.85 .
313.85 .
313.85 .
Current price: 313.85
Support 313.85 .
313.85 .
313.85 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 325.75 3.79 %
317.35 1.12 %
317.30 1.10 %
Current price 313.85
Support 313.40 -0.14%
304.30 -3.04%
286.60 -8.68%

Click to get the best stock tips daily for free!

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT