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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 2024-04-09 View latest technical analysis

10 day averaged volume of Confidence Petro is 3246680

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	93.05	96.35	96.40	92.70	0.521 times
08 Mon Apr 2024	95.90	97.90	97.95	95.50	0.516 times
05 Fri Apr 2024	97.00	100.60	100.60	96.65	0.801 times
04 Thu Apr 2024	100.00	93.60	102.00	93.60	3.44 times
03 Wed Apr 2024	93.35	93.15	93.85	92.40	0.518 times
02 Tue Apr 2024	93.20	90.55	93.50	90.40	0.816 times
01 Mon Apr 2024	90.35	84.90	91.00	84.70	1.103 times
28 Thu Mar 2024	84.05	85.95	87.70	83.75	0.824 times
27 Wed Mar 2024	84.95	86.40	87.90	83.10	0.85 times
26 Tue Mar 2024	85.85	87.50	89.25	85.60	0.619 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 95 as stoploss in an intra day sell trade for a target of 90.53. However, stock will show a bullish move above 95.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	87.50
Downside Target	89.25
Downside Target	91.50
Upside Target	94.90
Upside Target	97.95
Upside Target	99.40
Upside Target	102.00
Upside Target	103.40
Upside Target	113.15
Upside Target	120.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	91.18
Downside Intraday Target	89.32
Upside Intraday Target	96.43
Upside Intraday Target	99.82
Upside Intraday Target	94.57

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	93.05	97.90	97.95	92.70	0.155 times
05 Fri Apr 2024	97.00	84.90	102.00	84.70	2.911 times
28 Thu Mar 2024	84.05	87.50	89.25	83.10	0.75 times
22 Fri Mar 2024	88.60	89.20	91.50	84.35	0.513 times
15 Fri Mar 2024	89.05	102.15	103.40	83.90	1.732 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
09 Tue Apr 2024	93.05	84.90	102.00	84.70	0.476 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short 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 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 Weak and stock is losing momentum.

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

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

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 but SELL 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 93.76 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.