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 2025-02-13 View latest technical analysis

10 day averaged volume of Confidence Petro is 308640

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	64.07	60.79	66.58	60.58	2.56 times
12 Wed Feb 2025	60.50	62.27	62.48	57.61	1.973 times
11 Tue Feb 2025	62.05	66.29	66.39	61.70	2.089 times
10 Mon Feb 2025	65.83	67.00	67.68	65.60	0.809 times
07 Fri Feb 2025	67.42	68.13	68.19	67.15	0.58 times
06 Thu Feb 2025	67.80	68.35	68.35	67.25	0.57 times
05 Wed Feb 2025	67.61	67.67	68.99	67.43	0.816 times
04 Tue Feb 2025	67.20	67.75	68.69	67.00	0.68 times
03 Mon Feb 2025	66.82	66.98	67.91	66.36	0.803 times
31 Fri Jan 2025	68.48	68.94	69.35	68.13	1.062 times

Stock of Confidence Petro (CONFIPET) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 64.7, but if it comes above 64.7, then a intra day buy could be more profitable.
If you take a sell trade below 64.7, then use 64.7 as stoploss and 60.5 as target. However if you take a buy trade in stock , then use 64.7 as stoploss and 68.22 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	57.61
Upside Target	65.35
Upside Target	69.11
Upside Target	69.97
Upside Target	74.79
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	58.56
Downside Intraday Target	53.05
Upside Intraday Target	68.63
Upside Intraday Target	73.19
Downside Intraday Target	63.12

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	64.07	67.00	67.68	57.61	2.155 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
17 Fri Jan 2025	73.02	68.40	74.79	65.35	1.003 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	64.07	66.98	68.99	57.61	0.319 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 64.58 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.