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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 2024-07-23 View latest technical analysis

10 day averaged volume of Confidence Petro is 1002556

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	80.57	84.50	84.55	77.53	1.703 times
22 Mon Jul 2024	81.83	78.75	82.00	78.17	0.979 times
19 Fri Jul 2024	79.23	81.50	81.50	78.80	0.798 times
18 Thu Jul 2024	81.56	84.40	84.40	81.30	0.803 times
16 Tue Jul 2024	83.61	82.92	85.25	82.60	2.21 times
15 Mon Jul 2024	82.60	81.14	83.10	80.01	1.33 times
12 Fri Jul 2024	80.81	82.14	82.35	80.60	0.486 times
11 Thu Jul 2024	81.74	80.50	83.40	80.50	0.916 times
10 Wed Jul 2024	80.10	81.49	81.75	79.18	0.805 times
09 Tue Jul 2024	81.17	80.81	83.33	80.81	0.907 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 80.5 as stoploss in an intra day buy trade for a target of 81.57. However, stock will show a bearish move below 80.5.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Upside Target	83.10
Upside Target	84.70
Upside Target	85.25
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	77.22
Downside Intraday Target	73.86
Upside Intraday Target	84.24
Upside Intraday Target	87.9
Upside Intraday Target	80.88

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	80.57	78.75	84.55	77.53	0.522 times
19 Fri Jul 2024	79.23	81.14	85.25	78.80	1.325 times
12 Fri Jul 2024	80.81	81.73	84.55	79.18	0.851 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

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
23 Tue Jul 2024	80.57	81.89	85.25	77.53	0.575 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 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 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 losing momentum.

MACD generated a BUY signal for Confidence Petro in short term but the buy signal is initial and weak.

Confidence Petro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a buy signal for Confidence Petro in short term but BUY signal is weak.

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 81.64 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.