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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 2025-01-08 View latest technical analysis

10 day averaged volume of Confidence Petro is 630577

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	73.83	74.34	74.45	72.75	0.655 times
07 Tue Jan 2025	73.83	72.45	76.50	71.71	1.503 times
06 Mon Jan 2025	72.22	76.68	76.69	71.70	0.69 times
03 Fri Jan 2025	76.39	75.45	76.90	75.27	0.833 times
02 Thu Jan 2025	76.62	72.90	77.49	72.57	1.638 times
01 Wed Jan 2025	72.89	70.10	73.50	69.71	1.204 times
31 Tue Dec 2024	69.97	70.81	71.80	68.89	0.977 times
30 Mon Dec 2024	70.83	72.61	73.19	70.61	0.594 times
27 Fri Dec 2024	72.21	71.30	74.00	69.65	1.097 times
26 Thu Dec 2024	71.08	71.99	72.97	70.87	0.506 times

My analysis of stock is bearish for shortterm, and stock might move down till 71.2 or till 67.6. Use a stoploss of 74.18 and if the stock hits stoploss, then it can shoot up till 77.17

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.51
Downside Target	68.89
Downside Target	71.20
Upside Target	74.84
Upside Target	77.49
Upside Target	78.50
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	71.46
Downside Intraday Target	69.08
Upside Intraday Target	76.45
Upside Intraday Target	79.06
Upside Intraday Target	74.07

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	73.83	76.68	76.69	71.70	0.543 times
03 Fri Jan 2025	76.39	72.61	77.49	68.89	1.557 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

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
08 Wed Jan 2025	73.83	70.10	77.49	69.71	0.312 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 73.39 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 positive

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