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(CONFIPET) Confidence Petro complete technical analysis [charts+indicators] | Buy/Sell Confidence Petro | (CONFIPET) share price targets

Complete technical analysis of Confidence Petro (CONFIPET) by charts plus indicators, forecast predictions and share price targets for Confidence Petro (CONFIPET)

10 day averaged volume of Confidence Petro is 448517

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Feb 2025	58.15	58.57	60.93	57.41	1.293 times
17 Mon Feb 2025	58.46	60.60	61.25	58.10	1.399 times
14 Fri Feb 2025	61.47	62.20	63.79	59.40	1.667 times
13 Thu Feb 2025	64.07	60.79	66.58	60.58	1.761 times
12 Wed Feb 2025	60.50	62.27	62.48	57.61	1.358 times
11 Tue Feb 2025	62.05	66.29	66.39	61.70	1.438 times
10 Mon Feb 2025	65.83	67.00	67.68	65.60	0.557 times
07 Fri Feb 2025	67.42	68.13	68.19	67.15	0.399 times
06 Thu Feb 2025	67.80	68.35	68.35	67.25	0.392 times
05 Wed Feb 2025	67.61	67.67	68.99	67.43	0.562 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 57.6, for a target of 62.2 or 66.03

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	57.41
Upside Target	61.25
Upside Target	65.35
Upside Target	69.11
Upside Target	69.97
Upside Target	75.64
Upside Target	76.10
Upside Target	77.49
Upside Target	79.80
Upside Target	84.04
Upside Target	90.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	56.62
Downside Intraday Target	55.1
Upside Intraday Target	60.46
Upside Intraday Target	62.78
Upside Intraday Target	58.94

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Feb 2025	58.15	60.60	61.25	57.41	0.397 times
14 Fri Feb 2025	61.47	67.00	67.68	57.61	2.858 times
07 Fri Feb 2025	67.42	66.98	68.99	66.36	0.75 times
31 Fri Jan 2025	68.48	68.90	69.97	65.80	0.839 times
24 Fri Jan 2025	69.52	72.84	76.10	69.11	0.66 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 Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Tue Feb 2025	58.15	66.98	68.99	57.41	0.504 times
31 Fri Jan 2025	68.48	70.10	77.49	65.35	0.8 times
31 Tue Dec 2024	69.97	75.40	84.04	68.89	1.184 times
29 Fri Nov 2024	75.20	78.29	79.80	65.51	0.602 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 Confidence Petro (CONFIPET)

Price action analysis of Confidence Petro ( (CONFIPET) ) 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 Confidence Petro ( (CONFIPET) ) 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 Confidence Petro ( (CONFIPET) ) 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 Confidence Petro stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Confidence Petro in short term and the sell signal is strong.

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Confidence Petro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Confidence Petro is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.05 and Confidence Petro (CONFIPET) 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 Confidence Petro (CONFIPET) stock. Volume based technical analysis of Confidence Petro (CONFIPET) stock is negative.

Confidence Petro 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.