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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 2024-06-27 View latest technical analysis

10 day averaged volume of Confidence Petro is 1237968

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	81.08	82.30	82.62	80.00	0.522 times
26 Wed Jun 2024	82.02	83.20	83.65	82.00	0.38 times
25 Tue Jun 2024	83.17	84.39	84.87	83.00	0.426 times
24 Mon Jun 2024	84.14	84.22	86.30	82.30	0.933 times
21 Fri Jun 2024	84.30	82.75	86.50	81.66	2.478 times
20 Thu Jun 2024	81.93	81.49	83.01	81.11	0.404 times
19 Wed Jun 2024	81.58	83.32	83.32	81.00	0.594 times
18 Tue Jun 2024	82.91	83.00	84.98	81.50	1.301 times
14 Fri Jun 2024	82.95	85.00	85.00	82.60	0.724 times
13 Thu Jun 2024	82.40	83.10	83.83	81.80	1.72 times

My analysis of stock is bullish for shortterm, and stock might move up till 84.1 or till 88.2. Use a stoploss of 80.65 and if this stock hits its stoploss, then it can fall down till 77.22

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.71
Downside Target	80.00
Upside Target	83.10
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	78.62
Downside Intraday Target	76.16
Upside Intraday Target	84.92
Upside Intraday Target	88.76
Upside Intraday Target	82.46

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	81.08	84.22	86.30	80.00	0.473 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
27 Thu Jun 2024	81.08	84.00	86.50	62.55	1.323 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 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 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 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 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 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 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 green color and prices are above the green 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 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 83.06 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.