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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)

10 day averaged volume of Confidence Petro is 1444243

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	91.40	90.90	92.20	90.50	0.598 times
24 Wed Apr 2024	90.90	90.95	92.70	90.30	1.212 times
23 Tue Apr 2024	90.95	90.80	92.15	90.55	0.689 times
22 Mon Apr 2024	90.80	91.00	92.15	89.90	0.832 times
19 Fri Apr 2024	88.85	87.70	89.40	86.70	0.842 times
18 Thu Apr 2024	88.85	91.40	91.80	88.55	0.719 times
16 Tue Apr 2024	89.00	88.20	90.30	87.60	0.9 times
15 Mon Apr 2024	88.65	88.55	91.60	87.25	1.286 times
12 Fri Apr 2024	92.60	92.35	93.65	91.85	1.087 times
10 Wed Apr 2024	92.80	93.40	94.15	91.70	1.261 times

My analysis of stock is bullish for shortterm, and stock might move up till 95 or till 99.5. Use a stoploss of 91.13 and if this stock hits its stoploss, then it can fall down till 87.31

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	86.70
Downside Target	89.25
Upside Target	91.70
Upside Target	92.70
Upside Target	94.90
Upside Target	97.95
Upside Target	99.40
Upside Target	102.00
Upside Target	113.15
Upside Target	120.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	89.97
Downside Intraday Target	88.53
Upside Intraday Target	92.77
Upside Intraday Target	94.13
Downside Intraday Target	91.33

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	91.40	91.00	92.70	89.90	0.889 times
19 Fri Apr 2024	88.85	88.55	91.80	86.70	0.801 times
12 Fri Apr 2024	92.60	97.90	97.95	91.70	0.312 times
05 Fri Apr 2024	97.00	84.90	102.00	84.70	2.911 times
28 Thu Mar 2024	84.05	87.50	89.25	83.10	0.75 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
25 Thu Apr 2024	91.40	84.90	102.00	84.70	0.735 times
28 Thu Mar 2024	84.05	109.10	113.15	83.10	0.289 times
29 Thu Feb 2024	108.20	85.65	120.00	84.15	5.118 times
31 Wed Jan 2024	85.25	89.80	94.90	82.00	0.848 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Confidence Petro in short term and BUY signal is strong.

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 90.55 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 negative.

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