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 2024-12-17 View latest technical analysis

10 day averaged volume of Confidence Petro is 721556

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	76.86	77.16	78.03	76.10	0.433 times
16 Mon Dec 2024	77.20	77.24	78.50	76.60	0.548 times
13 Fri Dec 2024	77.08	78.90	79.00	76.61	1.032 times
12 Thu Dec 2024	79.12	81.34	82.70	78.86	0.585 times
11 Wed Dec 2024	81.35	82.90	82.90	81.00	0.74 times
10 Tue Dec 2024	83.22	78.50	84.04	78.50	3.73 times
09 Mon Dec 2024	77.76	78.73	79.25	77.25	0.606 times
06 Fri Dec 2024	78.50	77.64	79.00	77.04	0.508 times
05 Thu Dec 2024	77.64	77.10	78.85	75.78	0.768 times
04 Wed Dec 2024	77.27	78.20	79.46	77.07	0.774 times

My analysis of stock is bullish for shortterm, and stock might move up till 80 or till 85.1. Use a stoploss of 75.73 and if this stock hits its stoploss, then it can fall down till 71.48

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
Upside Target	79.80
Upside Target	80.49
Upside Target	84.04
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	75.81
Downside Intraday Target	74.75
Upside Intraday Target	78.21
Upside Intraday Target	79.55
Upside Intraday Target	77.15

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	76.86	77.24	78.50	76.10	0.146 times
13 Fri Dec 2024	77.08	78.73	84.04	76.61	1.633 times
06 Fri Dec 2024	78.50	75.40	79.46	74.18	0.904 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

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
17 Tue Dec 2024	76.86	75.40	84.04	74.18	0.763 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 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 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 Weak and stock is losing momentum.

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

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 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 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 80.06 and Confidence Petro (CONFIPET) stock is trading below this level. This means that stock is falling with high volumes. 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 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.