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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 2024-11-06 View latest technical analysis

10 day averaged volume of Confidence Petro is 781993

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	77.74	77.54	78.67	77.53	0.701 times
05 Tue Nov 2024	77.15	76.10	77.99	75.52	0.533 times
04 Mon Nov 2024	77.21	79.05	79.05	76.82	0.401 times
01 Fri Nov 2024	78.77	78.29	79.80	78.20	0.198 times
31 Thu Oct 2024	77.85	79.20	79.41	77.60	0.905 times
30 Wed Oct 2024	79.34	78.50	80.95	78.50	1.102 times
29 Tue Oct 2024	79.30	77.70	79.90	76.70	0.902 times
28 Mon Oct 2024	77.72	78.20	78.98	76.12	0.532 times
25 Fri Oct 2024	77.09	79.90	80.12	76.40	1.502 times
24 Thu Oct 2024	80.41	80.75	82.50	79.85	1.32 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 77.7 as stoploss in an intra day buy trade for a target of 79.85. However, stock will show a bearish move below 77.7.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	75.52
Upside Target	80.95
Upside Target	84.00
Upside Target	84.81
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	75.82
Downside Intraday Target	73.91
Upside Intraday Target	79.35
Upside Intraday Target	80.97
Downside Intraday Target	77.44

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	77.74	79.05	79.05	75.52	0.449 times
01 Fri Nov 2024	78.77	78.20	80.95	76.12	0.511 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

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
06 Wed Nov 2024	77.74	78.29	79.80	75.52	0.078 times
31 Thu Oct 2024	77.85	86.95	90.00	75.64	0.359 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

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 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 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 getting stronger in this stock.

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 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 78.42 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.