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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)

Showing technical analysis as on 2024-09-11 View latest technical analysis

10 day averaged volume of Confidence Petro is 1868096

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	86.73	86.99	90.55	86.15	1.198 times
10 Tue Sep 2024	86.61	86.98	88.30	86.30	0.265 times
09 Mon Sep 2024	86.91	87.50	87.83	84.81	0.478 times
06 Fri Sep 2024	86.95	89.35	89.38	86.50	0.353 times
05 Thu Sep 2024	88.65	89.30	90.60	88.40	0.601 times
04 Wed Sep 2024	88.54	88.10	90.14	87.92	0.538 times
03 Tue Sep 2024	89.06	87.65	90.90	86.80	1.186 times
02 Mon Sep 2024	88.05	89.86	90.00	87.35	0.443 times
30 Fri Aug 2024	90.31	88.21	91.34	86.05	1.19 times
29 Thu Aug 2024	88.11	90.00	90.70	87.50	1.052 times

My analysis of stock is bearish for shortterm, and stock might move down till 84.4 or till 81.4. Use a stoploss of 86.93 and if the stock hits stoploss, then it can shoot up till 89.46

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	90.55
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	84.18
Downside Intraday Target	81.62
Upside Intraday Target	89.92
Upside Intraday Target	93.1
Upside Intraday Target	87.36

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	86.73	87.50	90.55	84.81	0.622 times
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

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
11 Wed Sep 2024	86.73	89.86	90.90	84.81	0.23 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Strong and stock is gaining momentum.

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

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Confidence Petro in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 88.28 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.