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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 2024-09-24 View latest technical analysis

10 day averaged volume of Confidence Petro is 3900203

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	88.45	92.22	92.22	88.10	0.39 times
23 Mon Sep 2024	92.23	92.50	94.70	91.81	0.421 times
20 Fri Sep 2024	91.90	91.70	93.00	90.80	0.41 times
19 Thu Sep 2024	91.13	95.64	96.69	89.60	1.234 times
18 Wed Sep 2024	95.23	95.39	98.54	93.65	2.025 times
17 Tue Sep 2024	93.64	91.58	95.55	87.71	3.393 times
16 Mon Sep 2024	91.11	90.53	94.25	90.53	0.851 times
13 Fri Sep 2024	90.78	88.00	91.25	87.37	0.703 times
12 Thu Sep 2024	87.77	87.49	88.93	86.00	0.262 times
11 Wed Sep 2024	86.73	86.99	90.55	86.15	0.574 times

My analysis of stock is bearish for shortterm, and stock might move down till 87.2 or till 84.4. Use a stoploss of 89.59 and if the stock hits stoploss, then it can shoot up till 91.93

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
Upside Target	90.90
Upside Target	91.45
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	86.13
Downside Intraday Target	83.82
Upside Intraday Target	92.73
Upside Intraday Target	97.02
Upside Intraday Target	90.42

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	88.45	92.50	94.70	88.10	0.103 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 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
24 Tue Sep 2024	88.45	89.86	98.54	84.81	1.147 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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 and SELL 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

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 92.39 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.