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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 2024-06-24 View latest technical analysis

10 day averaged volume of Confidence Petro is 1558481

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	84.14	84.22	86.30	82.30	0.741 times
21 Fri Jun 2024	84.30	82.75	86.50	81.66	1.969 times
20 Thu Jun 2024	81.93	81.49	83.01	81.11	0.321 times
19 Wed Jun 2024	81.58	83.32	83.32	81.00	0.472 times
18 Tue Jun 2024	82.91	83.00	84.98	81.50	1.034 times
14 Fri Jun 2024	82.95	85.00	85.00	82.60	0.575 times
13 Thu Jun 2024	82.40	83.10	83.83	81.80	1.366 times
12 Wed Jun 2024	82.72	81.86	83.95	81.55	0.826 times
11 Tue Jun 2024	81.28	81.30	82.30	80.10	0.665 times
10 Mon Jun 2024	80.78	79.00	83.50	77.71	1.986 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 84.9 as stoploss in an intra day sell trade for a target of 81.11. However, stock will show a bullish move above 84.9.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.71
Downside Target	80.70
Upside Target	86.30
Upside Target	86.50
Upside Target	87.80
Upside Target	91.45
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	82.19
Downside Intraday Target	80.25
Upside Intraday Target	86.19
Upside Intraday Target	88.25
Upside Intraday Target	84.25

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	84.14	84.22	86.30	82.30	0.195 times
21 Fri Jun 2024	84.30	83.00	86.50	81.00	0.7 times
14 Fri Jun 2024	82.95	79.00	85.00	77.71	0.786 times
07 Fri Jun 2024	77.15	84.00	86.00	62.55	2.718 times
31 Fri May 2024	81.70	86.55	87.80	80.70	0.632 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
24 Mon Jun 2024	84.14	84.00	86.50	62.55	1.245 times
31 Fri May 2024	81.70	89.80	91.45	80.70	0.507 times
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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 BUY. 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.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Confidence Petro in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 82.56 and Confidence Petro (CONFIPET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.