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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 2024-04-19 View latest technical analysis

10 day averaged volume of Confidence Petro is 2640550

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	88.85	87.70	89.40	86.70	0.46 times
18 Thu Apr 2024	88.85	91.40	91.80	88.55	0.393 times
16 Tue Apr 2024	89.00	88.20	90.30	87.60	0.492 times
15 Mon Apr 2024	88.65	88.55	91.60	87.25	0.704 times
12 Fri Apr 2024	92.60	92.35	93.65	91.85	0.594 times
10 Wed Apr 2024	92.80	93.40	94.15	91.70	0.69 times
09 Tue Apr 2024	93.05	96.35	96.40	92.70	0.641 times
08 Mon Apr 2024	95.90	97.90	97.95	95.50	0.634 times
05 Fri Apr 2024	97.00	100.60	100.60	96.65	0.985 times
04 Thu Apr 2024	100.00	93.60	102.00	93.60	4.229 times

My analysis of stock is bearish for shortterm, and stock might move down till 86.3 or till 81.4. Use a stoploss of 90.45 and if the stock hits stoploss, then it can shoot up till 94.56

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	86.70
Upside Target	89.25
Upside Target	91.50
Upside Target	91.80
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	86.43
Downside Intraday Target	84.02
Upside Intraday Target	91.53
Upside Intraday Target	94.22
Upside Intraday Target	89.12

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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

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
19 Fri Apr 2024	88.85	84.90	102.00	84.70	0.643 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 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 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 gaining 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 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 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 95.69 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.