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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 2024-09-12 View latest technical analysis

10 day averaged volume of Confidence Petro is 1364072

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	87.77	87.49	88.93	86.00	0.748 times
11 Wed Sep 2024	86.73	86.99	90.55	86.15	1.64 times
10 Tue Sep 2024	86.61	86.98	88.30	86.30	0.363 times
09 Mon Sep 2024	86.91	87.50	87.83	84.81	0.654 times
06 Fri Sep 2024	86.95	89.35	89.38	86.50	0.483 times
05 Thu Sep 2024	88.65	89.30	90.60	88.40	0.823 times
04 Wed Sep 2024	88.54	88.10	90.14	87.92	0.737 times
03 Tue Sep 2024	89.06	87.65	90.90	86.80	1.625 times
02 Mon Sep 2024	88.05	89.86	90.00	87.35	0.606 times
30 Fri Aug 2024	90.31	88.21	91.34	86.05	1.629 times

My analysis of stock is bullish for shortterm, and stock might move up till 89.4 or till 91.9. Use a stoploss of 87.27 and if this stock hits its stoploss, then it can fall down till 85.15

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	87.90
Upside Target	90.55
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	84.87
Downside Intraday Target	81.97
Upside Intraday Target	90.61
Upside Intraday Target	93.45
Downside Intraday Target	87.71

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	87.77	87.50	90.55	84.81	0.797 times
06 Fri Sep 2024	86.95	89.86	90.90	86.50	0.32 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

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
12 Thu Sep 2024	87.77	89.86	90.90	84.81	0.254 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 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 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 SELL signal for Confidence Petro in short term but the sell 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 above the green cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 88.27 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 negative.

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