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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 2024-08-29 View latest technical analysis

10 day averaged volume of Confidence Petro is 2159240

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	88.11	90.00	90.70	87.50	0.91 times
28 Wed Aug 2024	89.72	89.00	93.00	88.25	3.371 times
27 Tue Aug 2024	89.64	89.60	91.50	88.20	1.405 times
26 Mon Aug 2024	89.80	87.00	90.40	85.40	1.732 times
23 Fri Aug 2024	86.92	85.21	87.90	84.25	0.831 times
22 Thu Aug 2024	84.87	84.98	85.80	84.55	0.28 times
21 Wed Aug 2024	84.52	85.38	85.38	84.04	0.353 times
20 Tue Aug 2024	85.67	85.47	86.88	83.81	0.544 times
19 Mon Aug 2024	85.09	82.18	85.50	81.25	0.842 times
16 Fri Aug 2024	81.54	81.80	81.94	80.60	0.381 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 88.5 as stoploss in an intra day sell trade for a target of 85.66. However, stock will show a bullish move above 88.5.

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
Downside Target	87.90
Upside Target	89.90
Upside Target	91.45
Upside Target	92.00
Upside Target	93.00
Upside Target	94.78
Upside Target	102.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	84.67
Downside Intraday Target	81.24
Upside Intraday Target	92.27
Upside Intraday Target	96.44
Upside Intraday Target	88.84

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	88.11	87.00	93.00	85.40	2.602 times
23 Fri Aug 2024	86.92	82.18	87.90	81.25	1.707 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	88.11	88.79	93.00	80.49	0.756 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Confidence Petro stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Confidence Petro in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing 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 88.2 and Confidence Petro (CONFIPET) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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