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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 2024-07-10 View latest technical analysis

10 day averaged volume of Confidence Petro is 782472

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	80.10	81.49	81.75	79.18	1.032 times
09 Tue Jul 2024	81.17	80.81	83.33	80.81	1.162 times
08 Mon Jul 2024	80.88	81.73	84.55	80.50	0.98 times
05 Fri Jul 2024	81.69	82.00	83.95	81.51	1.296 times
04 Thu Jul 2024	82.55	83.90	84.40	82.30	1.012 times
03 Wed Jul 2024	83.57	81.65	84.69	81.15	2.023 times
02 Tue Jul 2024	80.94	81.13	81.64	80.24	0.659 times
01 Mon Jul 2024	80.75	81.89	81.94	80.37	0.856 times
28 Fri Jun 2024	81.50	81.50	82.00	80.69	0.587 times
27 Thu Jun 2024	81.08	82.30	82.62	80.00	0.825 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 79.6, for a target of 81 or 82.12

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.71
Upside Target	83.10
Upside Target	84.70
Upside Target	85.00
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	78
Downside Intraday Target	75.91
Upside Intraday Target	83.37
Upside Intraday Target	86.65
Upside Intraday Target	81.28

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	80.10	81.73	84.55	79.18	0.543 times
05 Fri Jul 2024	81.69	81.89	84.69	80.24	1.404 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

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
10 Wed Jul 2024	80.10	81.89	84.69	79.18	0.249 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 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 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 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 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 green color and prices are in or below 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 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 81.66 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.