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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 2024-08-19 View latest technical analysis

10 day averaged volume of Confidence Petro is 1516503

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	85.09	82.18	85.50	81.25	1.199 times
16 Fri Aug 2024	81.54	81.80	81.94	80.60	0.542 times
14 Wed Aug 2024	80.94	84.40	84.40	80.49	0.372 times
13 Tue Aug 2024	81.37	81.98	83.49	81.00	0.673 times
12 Mon Aug 2024	81.74	83.30	83.30	81.21	0.79 times
09 Fri Aug 2024	83.45	85.26	86.72	83.06	1.222 times
08 Thu Aug 2024	87.78	88.45	89.90	86.00	1.176 times
07 Wed Aug 2024	87.64	86.80	89.75	83.60	1.893 times
06 Tue Aug 2024	83.96	86.11	87.01	82.84	0.859 times
05 Mon Aug 2024	83.98	83.58	86.72	82.21	1.444 times

My analysis of stock is bearish for shortterm, and stock might move down till 81.7 or till 77.3. Use a stoploss of 85.27 and if the stock hits stoploss, then it can shoot up till 88.88

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.49
Downside Target	84.40
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	82.39
Downside Intraday Target	79.7
Upside Intraday Target	86.64
Upside Intraday Target	88.2
Downside Intraday Target	83.95

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	85.09	82.18	85.50	81.25	0.504 times
16 Fri Aug 2024	81.54	83.30	84.40	80.49	0.361 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

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
19 Mon Aug 2024	85.09	88.79	90.90	80.49	0.361 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Confidence Petro stock for short term is BUY. 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.

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 red color and prices are in or above the red cloud Prices appear to be moving up

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 84.58 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 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.