Stock of Interest

Posted On: August 22, 2023

Stock Report: PANAMAPET(NSE) 21 Aug 2023 

Panama Petrochem Ltd manufactures and exports petroleum specialty products. Its products are white oil/liquid paraffin oil, petroleum jelly, transformer oil, rubber process oil, industrial oils and greases, drilling fluids, and others. The products are used in inks and resins, printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and for other industrial purposes. The geographical segment of the sales is divided into two segments Domestic and Overseas.

#xCalData predicts that # PANAMAPET will continue its bearish phase over the next five days and trend within the range of 274 to 294. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.85% indicating a bearish.

The Stock has doubled thrice since 14 Jan 2015 and took an average of 2.2 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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