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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 2025-02-04 View latest technical analysis

10 day averaged volume of Confidence Petro is 272264

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	67.20	67.75	68.69	67.00	0.771 times
03 Mon Feb 2025	66.82	66.98	67.91	66.36	0.91 times
31 Fri Jan 2025	68.48	68.94	69.35	68.13	1.204 times
30 Thu Jan 2025	68.44	69.30	69.97	68.20	0.701 times
29 Wed Jan 2025	68.97	68.00	69.88	68.00	0.721 times
28 Tue Jan 2025	67.64	67.99	69.40	65.80	1.43 times
27 Mon Jan 2025	67.92	68.90	69.00	67.56	1.155 times
24 Fri Jan 2025	69.52	71.25	72.04	69.11	0.819 times
23 Thu Jan 2025	71.13	70.66	73.40	70.06	0.975 times
22 Wed Jan 2025	71.12	73.60	73.69	70.55	0.871 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.5, but if it comes above 67.5, then a intra day buy could be more profitable.
If you take a sell trade below 67.5, then use 67.5 as stoploss and 64.5 as target. However if you take a buy trade in stock , then use 67.5 as stoploss and 69.99 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.35
Upside Target	68.69
Upside Target	69.97
Upside Target	74.79
Upside Target	75.64
Upside Target	76.10
Upside Target	76.69
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	66.14
Downside Intraday Target	65.09
Upside Intraday Target	68.47
Upside Intraday Target	69.75
Upside Intraday Target	67.42

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	67.20	66.98	68.69	66.36	0.323 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
17 Fri Jan 2025	73.02	68.40	74.79	65.35	1.003 times
10 Fri Jan 2025	69.68	76.68	76.69	69.16	0.772 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
04 Tue Feb 2025	67.20	66.98	68.69	66.36	0.043 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Confidence Petro stock for short term is SELL. Signal strength is Strong and stock is losing 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 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 68.66 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.