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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 2024-09-19 View latest technical analysis

10 day averaged volume of Confidence Petro is 3362109

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	91.13	95.64	96.69	89.60	1.432 times
18 Wed Sep 2024	95.23	95.39	98.54	93.65	2.349 times
17 Tue Sep 2024	93.64	91.58	95.55	87.71	3.937 times
16 Mon Sep 2024	91.11	90.53	94.25	90.53	0.987 times
13 Fri Sep 2024	90.78	88.00	91.25	87.37	0.816 times
12 Thu Sep 2024	87.77	87.49	88.93	86.00	0.303 times
11 Wed Sep 2024	86.73	86.99	90.55	86.15	0.666 times
10 Tue Sep 2024	86.61	86.98	88.30	86.30	0.147 times
09 Mon Sep 2024	86.91	87.50	87.83	84.81	0.265 times
06 Fri Sep 2024	86.95	89.35	89.38	86.50	0.196 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 91.5 as stoploss in an intra day sell trade for a target of 89.28. However, stock will show a bullish move above 91.5.

Share price targets for Confidence Petro (CONFIPET)

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

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	86.38
Downside Intraday Target	81.63
Upside Intraday Target	97.21
Upside Intraday Target	103.29
Upside Intraday Target	92.46

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	91.13	90.53	98.54	87.71	3.961 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
19 Thu Sep 2024	91.13	89.86	98.54	84.81	1.031 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 Weak and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below 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 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 92.27 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 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.