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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 2024-12-04 View latest technical analysis

10 day averaged volume of Confidence Petro is 659372

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	77.27	78.20	79.46	77.07	0.847 times
03 Tue Dec 2024	77.80	78.20	78.80	77.50	0.778 times
02 Mon Dec 2024	77.15	75.40	79.20	74.18	1.463 times
29 Fri Nov 2024	75.20	76.07	76.71	74.96	0.423 times
28 Thu Nov 2024	76.24	75.54	77.24	74.86	1.055 times
27 Wed Nov 2024	75.20	73.65	76.00	72.32	0.961 times
26 Tue Nov 2024	73.09	71.45	74.15	71.41	0.891 times
25 Mon Nov 2024	71.41	69.45	72.70	68.51	1.631 times
22 Fri Nov 2024	67.35	66.80	68.40	65.83	0.723 times
21 Thu Nov 2024	66.18	70.00	70.00	65.51	1.17 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 77.5 as stoploss in an intra day sell trade for a target of 73.63. However, stock will show a bullish move above 77.5.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.51
Downside Target	68.51
Downside Target	70.98
Downside Target	74.18
Downside Target	77.24
Upside Target	79.05
Upside Target	79.46
Upside Target	79.80
Upside Target	80.49
Upside Target	84.81
Upside Target	90.00
Upside Target	93.00
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	74.48
Downside Intraday Target	71.69
Upside Intraday Target	79.76
Upside Intraday Target	82.25
Downside Intraday Target	76.97

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	77.27	75.40	79.46	74.18	0.622 times
29 Fri Nov 2024	75.20	69.45	77.24	68.51	1.106 times
22 Fri Nov 2024	67.35	69.60	70.98	65.51	1.138 times
14 Thu Nov 2024	69.35	76.08	77.33	69.02	1.212 times
08 Fri Nov 2024	76.08	79.05	79.05	75.52	0.754 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
04 Wed Dec 2024	77.27	75.40	79.46	74.18	0.183 times
29 Fri Nov 2024	75.20	78.29	79.80	65.51	0.602 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

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Confidence Petro in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 73.53 and Confidence Petro (CONFIPET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.