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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 2024-10-29 View latest technical analysis

10 day averaged volume of Confidence Petro is 824756

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	79.30	77.70	79.90	76.70	0.855 times
28 Mon Oct 2024	77.72	78.20	78.98	76.12	0.505 times
25 Fri Oct 2024	77.09	79.90	80.12	76.40	1.424 times
24 Thu Oct 2024	80.41	80.75	82.50	79.85	1.251 times
23 Wed Oct 2024	81.17	78.00	84.00	75.64	2.471 times
22 Tue Oct 2024	77.86	79.48	80.11	76.74	1.185 times
21 Mon Oct 2024	79.48	80.86	81.45	79.15	0.421 times
18 Fri Oct 2024	80.86	82.00	82.00	79.73	0.612 times
17 Thu Oct 2024	82.20	82.10	84.90	80.69	0.77 times
16 Wed Oct 2024	82.19	82.20	83.70	82.00	0.572 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 79 as stoploss in an intra day buy trade for a target of 81.07. However, stock will show a bearish move below 79.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	75.64
Upside Target	79.73
Upside Target	84.00
Upside Target	84.81
Upside Target	86.50
Upside Target	88.10
Upside Target	90.00
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	76.98
Downside Intraday Target	74.66
Upside Intraday Target	80.76
Upside Intraday Target	82.22
Downside Intraday Target	78.44

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	79.30	78.20	79.90	76.12	0.201 times
25 Fri Oct 2024	77.09	80.86	84.00	75.64	1.827 times
18 Fri Oct 2024	80.86	81.75	90.00	79.73	0.962 times
11 Fri Oct 2024	81.39	83.60	84.00	78.12	0.626 times
04 Fri Oct 2024	82.80	87.88	88.10	80.84	0.796 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
29 Tue Oct 2024	79.30	86.95	90.00	75.64	0.328 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Confidence Petro in short term and the sell 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 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 moving up

CCI has generated a buy signal for Confidence Petro in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 79.82 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.