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 2024-09-18 View latest technical analysis

10 day averaged volume of Confidence Petro is 2672806

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	95.23	95.39	98.54	93.65	2.955 times
17 Tue Sep 2024	93.64	91.58	95.55	87.71	4.952 times
16 Mon Sep 2024	91.11	90.53	94.25	90.53	1.242 times
13 Fri Sep 2024	90.78	88.00	91.25	87.37	1.026 times
12 Thu Sep 2024	87.77	87.49	88.93	86.00	0.382 times
11 Wed Sep 2024	86.73	86.99	90.55	86.15	0.837 times
10 Tue Sep 2024	86.61	86.98	88.30	86.30	0.185 times
09 Mon Sep 2024	86.91	87.50	87.83	84.81	0.334 times
06 Fri Sep 2024	86.95	89.35	89.38	86.50	0.247 times
05 Thu Sep 2024	88.65	89.30	90.60	88.40	0.42 times

Stock of Confidence Petro (CONFIPET) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 94.3, for a target of 91.4 or 88.97

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.49
Downside Target	84.81
Downside Target	90.90
Downside Target	91.25
Downside Target	91.45
Downside Target	93.00
Downside Target	94.78
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	89.11
Downside Intraday Target	83
Upside Intraday Target	99.94
Upside Intraday Target	104.66
Downside Intraday Target	93.83

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	95.23	90.53	98.54	87.71	3.31 times
13 Fri Sep 2024	90.78	87.50	91.25	84.81	1.267 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

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
18 Wed Sep 2024	95.23	89.86	98.54	84.81	0.914 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 up 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 gaining 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 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 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 92.31 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 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.