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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 425239

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	67.92	68.90	69.00	67.56	0.74 times
24 Fri Jan 2025	69.52	71.25	72.04	69.11	0.525 times
23 Thu Jan 2025	71.13	70.66	73.40	70.06	0.624 times
22 Wed Jan 2025	71.12	73.60	73.69	70.55	0.558 times
21 Tue Jan 2025	73.49	74.50	75.91	72.80	0.776 times
20 Mon Jan 2025	75.27	72.84	76.10	72.44	1.494 times
17 Fri Jan 2025	73.02	69.22	74.79	69.01	2.301 times
16 Thu Jan 2025	69.60	69.70	70.99	69.41	0.54 times
15 Wed Jan 2025	68.92	69.32	69.79	68.51	0.492 times
14 Tue Jan 2025	68.99	68.98	69.50	66.36	1.113 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69, but if it comes above 69, then a intra day buy could be more profitable.
If you take a sell trade below 69, then use 69 as stoploss and 65.7 as target. However if you take a buy trade in stock , then use 69 as stoploss and 71.7 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.35
Downside Target	67.56
Upside Target	74.79
Upside Target	76.69
Upside Target	77.49
Upside Target	79.80
Upside Target	84.04
Upside Target	84.81
Upside Target	90.00
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	67.32
Downside Intraday Target	66.72
Upside Intraday Target	68.76
Upside Intraday Target	69.6
Upside Intraday Target	68.16

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	67.92	68.90	69.00	67.56	0.186 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
03 Fri Jan 2025	76.39	72.61	77.49	68.89	1.557 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
27 Mon Jan 2025	67.92	70.10	77.49	65.35	0.716 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
31 Thu Oct 2024	77.85	86.95	90.00	75.64	0.359 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 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 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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 71.66 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.