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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 1249552

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	89.80	91.00	91.30	89.25	0.532 times
29 Mon Apr 2024	90.30	91.00	91.75	90.00	0.767 times
26 Fri Apr 2024	90.40	92.00	92.40	90.10	1.052 times
25 Thu Apr 2024	91.40	90.90	92.20	90.50	0.691 times
24 Wed Apr 2024	90.90	90.95	92.70	90.30	1.401 times
23 Tue Apr 2024	90.95	90.80	92.15	90.55	0.797 times
22 Mon Apr 2024	90.80	91.00	92.15	89.90	0.961 times
19 Fri Apr 2024	88.85	87.70	89.40	86.70	0.973 times
18 Thu Apr 2024	88.85	91.40	91.80	88.55	0.831 times
16 Tue Apr 2024	89.00	88.20	90.30	87.60	1.04 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 89 as stoploss in an intra day buy trade for a target of 91.91. However, stock will show a bearish move below 89.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	86.70
Downside Target	89.25
Upside Target	91.70
Upside Target	92.70
Upside Target	94.90
Upside Target	97.95
Upside Target	99.40
Upside Target	102.00
Upside Target	113.15
Upside Target	120.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	88.78
Downside Intraday Target	87.77
Upside Intraday Target	91.28
Upside Intraday Target	92.77
Upside Intraday Target	90.27

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	89.80	91.00	91.75	89.25	0.265 times
26 Fri Apr 2024	90.40	91.00	92.70	89.90	1.132 times
19 Fri Apr 2024	88.85	88.55	91.80	86.70	0.801 times
12 Fri Apr 2024	92.60	97.90	97.95	91.70	0.312 times
05 Fri Apr 2024	97.00	84.90	102.00	84.70	2.911 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
30 Tue Apr 2024	89.80	84.90	102.00	84.70	0.79 times
28 Thu Mar 2024	84.05	109.10	113.15	83.10	0.289 times
29 Thu Feb 2024	108.20	85.65	120.00	84.15	5.118 times
31 Wed Jan 2024	85.25	89.80	94.90	82.00	0.848 times

Scroll below to view daily charts

Price has moved up 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Confidence Petro in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.

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

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 90.13 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.