Is Panama Petrochem technically bullish or bearish?

Jun 11 2025 08:06 AM IST
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As of June 10, 2025, Panama Petrochem's trend has shifted to bearish, driven by a bearish MACD, moving averages, and Bollinger Bands, despite mixed signals from the KST and negative returns against the Sensex.
As of 10 June 2025, the technical trend for Panama Petrochem has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a bearish signal from the Bollinger Bands on the weekly timeframe. The KST is bullish on the weekly but mildly bearish on the monthly, indicating mixed signals. Overall, the prevailing bearish trend is supported by the recent performance against the Sensex, with negative returns over the past week and month.
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