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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 2024-09-05 View latest technical analysis

10 day averaged volume of Confidence Petro is 2468400

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	88.65	89.30	90.60	88.40	0.455 times
04 Wed Sep 2024	88.54	88.10	90.14	87.92	0.407 times
03 Tue Sep 2024	89.06	87.65	90.90	86.80	0.898 times
02 Mon Sep 2024	88.05	89.86	90.00	87.35	0.335 times
30 Fri Aug 2024	90.31	88.21	91.34	86.05	0.9 times
29 Thu Aug 2024	88.11	90.00	90.70	87.50	0.796 times
28 Wed Aug 2024	89.72	89.00	93.00	88.25	2.948 times
27 Tue Aug 2024	89.64	89.60	91.50	88.20	1.229 times
26 Mon Aug 2024	89.80	87.00	90.40	85.40	1.515 times
23 Fri Aug 2024	86.92	85.21	87.90	84.25	0.727 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 89.4 as stoploss in an intra day sell trade for a target of 86.29. However, stock will show a bullish move above 89.4.

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	90.90
Upside Target	91.45
Upside Target	93.00
Upside Target	94.78

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	86.67
Downside Intraday Target	84.68
Upside Intraday Target	90.77
Upside Intraday Target	92.88
Upside Intraday Target	88.78

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	88.65	89.86	90.90	86.80	0.284 times
30 Fri Aug 2024	90.31	87.00	93.00	85.40	2.963 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

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
05 Thu Sep 2024	88.65	89.86	90.90	86.80	0.126 times
30 Fri Aug 2024	90.31	88.79	93.00	80.49	0.799 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 gaining momentum.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.24 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.