Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-13 View latest technical analysis

10 day averaged volume of Confidence Petro is 1826090

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	81.37	81.98	83.49	81.00	0.559 times
12 Mon Aug 2024	81.74	83.30	83.30	81.21	0.656 times
09 Fri Aug 2024	83.45	85.26	86.72	83.06	1.014 times
08 Thu Aug 2024	87.78	88.45	89.90	86.00	0.977 times
07 Wed Aug 2024	87.64	86.80	89.75	83.60	1.572 times
06 Tue Aug 2024	83.96	86.11	87.01	82.84	0.713 times
05 Mon Aug 2024	83.98	83.58	86.72	82.21	1.199 times
02 Fri Aug 2024	88.58	86.10	89.00	86.10	0.855 times
01 Thu Aug 2024	87.96	88.79	90.90	87.51	0.895 times
31 Wed Jul 2024	88.39	89.85	90.16	88.10	0.499 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 81.4, but if it comes above 81.4, then a intra day buy could be more profitable.
If you take a sell trade below 81.4, then use 81.4 as stoploss and 76.9 as target. However if you take a buy trade in stock , then use 81.4 as stoploss and 85.11 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.70
Upside Target	86.50
Upside Target	89.90
Upside Target	90.90
Upside Target	91.45
Upside Target	92.00
Upside Target	94.78
Upside Target	102.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	80.42
Downside Intraday Target	79.46
Upside Intraday Target	82.91
Upside Intraday Target	84.44
Upside Intraday Target	81.95

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	81.37	83.30	83.49	81.00	0.222 times
09 Fri Aug 2024	83.45	83.58	89.90	82.21	1.082 times
02 Fri Aug 2024	88.58	89.75	92.00	86.10	0.29 times
26 Fri Jul 2024	89.15	78.75	94.78	77.53	6.188 times
19 Fri Jul 2024	79.23	81.14	85.25	78.80	1.325 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
13 Tue Aug 2024	81.37	88.79	90.90	81.00	0.299 times
31 Wed Jul 2024	88.39	81.89	94.78	77.53	1.818 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

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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Confidence Petro in short term but the sell 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 red color and prices are below the red 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

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 85.73 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.