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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 2024-09-23 View latest technical analysis

10 day averaged volume of Confidence Petro is 3825118

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	92.23	92.50	94.70	91.81	0.429 times
20 Fri Sep 2024	91.90	91.70	93.00	90.80	0.418 times
19 Thu Sep 2024	91.13	95.64	96.69	89.60	1.258 times
18 Wed Sep 2024	95.23	95.39	98.54	93.65	2.065 times
17 Tue Sep 2024	93.64	91.58	95.55	87.71	3.46 times
16 Mon Sep 2024	91.11	90.53	94.25	90.53	0.868 times
13 Fri Sep 2024	90.78	88.00	91.25	87.37	0.717 times
12 Thu Sep 2024	87.77	87.49	88.93	86.00	0.267 times
11 Wed Sep 2024	86.73	86.99	90.55	86.15	0.585 times
10 Tue Sep 2024	86.61	86.98	88.30	86.30	0.129 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 92, but if it comes below 92, then a intra day sell could be more profitable.
If you take a sell trade below 92, then use 92 as stoploss and 89.65 as target. However if you take a buy trade in stock , then use 92 as stoploss and 94.8 as target.

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	91.81
Upside Target	93.00
Upside Target	94.70
Upside Target	94.78
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	91.13
Downside Intraday Target	90.02
Upside Intraday Target	94.02
Upside Intraday Target	95.8
Upside Intraday Target	92.91

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	92.23	92.50	94.70	91.81	0.053 times
20 Fri Sep 2024	91.90	90.53	98.54	87.71	4.177 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

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
23 Mon Sep 2024	92.23	89.86	98.54	84.81	1.11 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 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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 92.47 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.