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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 2025-01-01 View latest technical analysis

10 day averaged volume of Confidence Petro is 499852

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	72.89	70.10	73.50	69.71	1.519 times
31 Tue Dec 2024	69.97	70.81	71.80	68.89	1.232 times
30 Mon Dec 2024	70.83	72.61	73.19	70.61	0.749 times
27 Fri Dec 2024	72.21	71.30	74.00	69.65	1.384 times
26 Thu Dec 2024	71.08	71.99	72.97	70.87	0.638 times
24 Tue Dec 2024	71.54	71.86	74.19	71.10	1.21 times
23 Mon Dec 2024	71.86	72.00	74.84	71.50	1.02 times
20 Fri Dec 2024	71.99	73.40	73.59	71.20	0.798 times
19 Thu Dec 2024	72.87	72.50	74.54	72.20	1.192 times
18 Wed Dec 2024	73.85	76.50	76.80	73.51	1.153 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 71.5 as stoploss in an intra day buy trade for a target of 75.25. However, stock will show a bearish move below 71.5.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.51
Downside Target	68.89
Downside Target	71.20
Upside Target	73.50
Upside Target	78.50
Upside Target	79.46
Upside Target	79.80
Upside Target	84.04
Upside Target	84.81
Upside Target	90.00
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	70.02
Downside Intraday Target	67.15
Upside Intraday Target	74.63
Upside Intraday Target	76.37
Downside Intraday Target	71.76

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	72.89	72.61	73.50	68.89	0.823 times
27 Fri Dec 2024	72.21	72.00	74.84	69.65	0.933 times
20 Fri Dec 2024	71.99	77.24	78.50	71.20	0.472 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

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
01 Wed Jan 2025	72.89	70.10	73.50	69.71	0.058 times
31 Tue Dec 2024	69.97	75.40	84.04	68.89	1.184 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

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 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 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 72.01 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 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 positive

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