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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 2024-07-11 View latest technical analysis

10 day averaged volume of Confidence Petro is 816203

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	81.74	80.50	83.40	80.50	1.125 times
10 Wed Jul 2024	80.10	81.49	81.75	79.18	0.989 times
09 Tue Jul 2024	81.17	80.81	83.33	80.81	1.114 times
08 Mon Jul 2024	80.88	81.73	84.55	80.50	0.94 times
05 Fri Jul 2024	81.69	82.00	83.95	81.51	1.242 times
04 Thu Jul 2024	82.55	83.90	84.40	82.30	0.97 times
03 Wed Jul 2024	83.57	81.65	84.69	81.15	1.939 times
02 Tue Jul 2024	80.94	81.13	81.64	80.24	0.631 times
01 Mon Jul 2024	80.75	81.89	81.94	80.37	0.82 times
28 Fri Jun 2024	81.50	81.50	82.00	80.69	0.563 times

My analysis of stock is bearish for shortterm, and stock might move down till 80.9 or till 79.6. Use a stoploss of 82.07 and if the stock hits stoploss, then it can shoot up till 83.2

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	79.1
Downside Intraday Target	76.45
Upside Intraday Target	84.47
Upside Intraday Target	87.19
Upside Intraday Target	81.82

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	81.74	81.73	84.55	79.18	0.744 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 up 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
11 Thu Jul 2024	81.74	81.89	84.69	79.18	0.281 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 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 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 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 losing 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Confidence Petro is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 81.72 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.