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 2024-10-10 View latest technical analysis

10 day averaged volume of Confidence Petro is 1052280

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	81.73	82.30	83.49	81.51	0.508 times
09 Wed Oct 2024	82.10	82.58	82.77	82.00	0.429 times
08 Tue Oct 2024	81.68	80.20	82.00	78.57	0.585 times
07 Mon Oct 2024	79.29	83.60	84.00	78.12	1.136 times
04 Fri Oct 2024	82.80	83.20	85.09	80.84	1.193 times
03 Thu Oct 2024	82.39	82.90	85.20	82.15	1.255 times
01 Tue Oct 2024	84.26	86.95	87.79	83.67	1.348 times
30 Mon Sep 2024	86.28	87.88	88.10	85.32	1.014 times
27 Fri Sep 2024	87.83	88.80	90.00	87.05	0.705 times
26 Thu Sep 2024	88.38	87.98	89.78	87.90	1.162 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82.8, but if it comes above 82.8, then a intra day buy could be more profitable.
If you take a sell trade below 82.8, then use 82.8 as stoploss and 77.4 as target. However if you take a buy trade in stock , then use 82.8 as stoploss and 87.3 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.49
Upside Target	84.00
Upside Target	87.79
Upside Target	88.10
Upside Target	91.25
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	78.57
Downside Intraday Target	75.4
Upside Intraday Target	84.45
Upside Intraday Target	87.16
Downside Intraday Target	81.28

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	81.73	83.60	84.00	78.12	0.552 times
04 Fri Oct 2024	82.80	87.88	88.10	80.84	0.796 times
27 Fri Sep 2024	87.83	92.50	94.70	86.61	0.206 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

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
10 Thu Oct 2024	81.73	86.95	87.79	78.12	0.132 times
30 Mon Sep 2024	86.28	89.86	98.54	84.81	1.25 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer 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.

ADX buy sell signal for Confidence Petro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Confidence Petro in short term and the sell signal is strong.

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 83.82 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.