Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

Showing technical analysis as on 2024-09-06 View latest technical analysis

10 day averaged volume of Confidence Petro is 2520270

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	86.95	89.35	89.38	86.50	0.262 times
05 Thu Sep 2024	88.65	89.30	90.60	88.40	0.445 times
04 Wed Sep 2024	88.54	88.10	90.14	87.92	0.399 times
03 Tue Sep 2024	89.06	87.65	90.90	86.80	0.879 times
02 Mon Sep 2024	88.05	89.86	90.00	87.35	0.328 times
30 Fri Aug 2024	90.31	88.21	91.34	86.05	0.882 times
29 Thu Aug 2024	88.11	90.00	90.70	87.50	0.779 times
28 Wed Aug 2024	89.72	89.00	93.00	88.25	2.888 times
27 Tue Aug 2024	89.64	89.60	91.50	88.20	1.203 times
26 Mon Aug 2024	89.80	87.00	90.40	85.40	1.484 times

My analysis of stock is bullish for shortterm, and stock might move up till 89.3 or till 93. Use a stoploss of 86.25 and if this stock hits its stoploss, then it can fall down till 83.18

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.49
Downside Target	84.40
Upside Target	87.90
Upside Target	89.90
Upside Target	90.90
Upside Target	91.45
Upside Target	93.00
Upside Target	94.78

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	85.33
Downside Intraday Target	83.72
Upside Intraday Target	89.73
Upside Intraday Target	92.52
Upside Intraday Target	88.12

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	86.95	89.86	90.90	86.50	0.32 times
30 Fri Aug 2024	90.31	87.00	93.00	85.40	2.963 times
23 Fri Aug 2024	86.92	82.18	87.90	81.25	1.707 times
16 Fri Aug 2024	81.54	83.30	84.40	80.49	0.361 times
09 Fri Aug 2024	83.45	83.58	89.90	82.21	1.082 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
06 Fri Sep 2024	86.95	89.86	90.90	86.50	0.142 times
30 Fri Aug 2024	90.31	88.79	93.00	80.49	0.799 times
31 Wed Jul 2024	88.39	81.89	94.78	77.53	1.818 times
28 Fri Jun 2024	81.50	84.00	86.50	62.55	1.344 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Confidence Petro stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Confidence Petro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying 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 89.35 and Confidence Petro (CONFIPET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.