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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 2024-07-02 View latest technical analysis

10 day averaged volume of Confidence Petro is 984093

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	80.94	81.13	81.64	80.24	0.524 times
01 Mon Jul 2024	80.75	81.89	81.94	80.37	0.68 times
28 Fri Jun 2024	81.50	81.50	82.00	80.69	0.467 times
27 Thu Jun 2024	81.08	82.30	82.62	80.00	0.656 times
26 Wed Jun 2024	82.02	83.20	83.65	82.00	0.478 times
25 Tue Jun 2024	83.17	84.39	84.87	83.00	0.535 times
24 Mon Jun 2024	84.14	84.22	86.30	82.30	1.173 times
21 Fri Jun 2024	84.30	82.75	86.50	81.66	3.118 times
20 Thu Jun 2024	81.93	81.49	83.01	81.11	0.508 times
19 Wed Jun 2024	81.58	83.32	83.32	81.00	0.748 times

My analysis of stock is bullish for shortterm, and stock might move up till 84 or till 88. Use a stoploss of 80.68 and if this stock hits its stoploss, then it can fall down till 77.33

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.71
Downside Target	80.00
Upside Target	85.00
Upside Target	86.00
Upside Target	86.30
Upside Target	86.50
Upside Target	91.45
Upside Target	102.00
Upside Target	113.15

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	80.14
Downside Intraday Target	79.34
Upside Intraday Target	81.84
Upside Intraday Target	82.74
Upside Intraday Target	81.04

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	80.94	81.89	81.94	80.24	0.364 times
28 Fri Jun 2024	81.50	84.22	86.30	80.00	0.551 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

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
02 Tue Jul 2024	80.94	81.89	81.94	80.24	0.042 times
28 Fri Jun 2024	81.50	84.00	86.50	62.55	1.344 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

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 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 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 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 moving up

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 negative zone. This is the SELL 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 82.87 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.