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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 1062810

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 89.10 86.00 91.45 85.65 3.049 times
20 Mon May 2024 85.40 84.00 85.80 84.00 0.273 times
17 Fri May 2024 83.65 84.30 84.45 83.45 0.874 times
16 Thu May 2024 84.00 84.80 85.35 83.75 0.781 times
15 Wed May 2024 84.40 85.50 86.70 84.00 0.911 times

Stock of Confidence Petro (CONFIPET) has showed a significant upmove. This could be a good time to enter in this stock!

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 90.2 as stoploss in an intra day sell trade for a target of 87.68. However, stock will show a bullish move above 90.2.

Share price targets for Confidence Petro (CONFIPET)

Target Type Value
Downside Target 82.00
Downside Target 86.80
Upside Target 89.90
Upside Target 91.45
Upside Target 91.75
Upside Target 92.70
Upside Target 94.90
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 84.92
Downside Intraday Target 80.73
Upside Intraday Target 92.37
Upside Intraday Target 95.63
Downside Intraday Target 88.18

Weekly technical analysis of Confidence Petro (CONFIPET)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 89.10 84.00 91.45 84.00 0.825 times
17 Fri May 2024 83.65 85.55 86.80 83.45 0.928 times
10 Fri May 2024 85.85 89.35 89.95 83.20 1.385 times
03 Fri May 2024 88.70 91.00 91.75 87.55 0.544 times
26 Fri Apr 2024 90.40 91.00 92.70 89.90 1.132 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
21 Tue May 2024 89.10 89.80 91.45 83.20 0.34 times
30 Tue Apr 2024 89.80 84.90 102.00 84.70 0.79 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

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 15, 33 Buy
MACD -3, -3Buy
Stochastics 37None
CCI 160Buy
RSI 70Buy
OBV -4694053Sell
VWAP 87Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short 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 short 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 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 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 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 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 86.58 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.

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