(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 1558481
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 84.30 | 82.75 | 86.50 | 81.66 | 1.969 times |
| 20 Thu Jun 2024 | 81.93 | 81.49 | 83.01 | 81.11 | 0.321 times |
| 19 Wed Jun 2024 | 81.58 | 83.32 | 83.32 | 81.00 | 0.472 times |
| 18 Tue Jun 2024 | 82.91 | 83.00 | 84.98 | 81.50 | 1.034 times |
| 14 Fri Jun 2024 | 82.95 | 85.00 | 85.00 | 82.60 | 0.575 times |
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 85.1 as stoploss in an intra day sell trade for a target of 81.23. However, stock will show a bullish move above 85.1.
Share price targets for Confidence Petro (CONFIPET)
| Target Type | Value |
| Downside Target | 62.55 |
| Downside Target | 77.71 |
| Downside Target | 80.70 |
| Downside Target | 83.10 |
| Upside Target | 86.50 |
| Upside Target | 87.80 |
| Upside Target | 91.45 |
| 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 | 81.37 |
| Downside Intraday Target | 78.43 |
| Upside Intraday Target | 86.87 |
| Upside Intraday Target | 89.43 |
| Downside Intraday Target | 83.93 |
Weekly technical analysis of Confidence Petro (CONFIPET)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 84.30 | 83.00 | 86.50 | 81.00 | 0.7 times |
| 14 Fri Jun 2024 | 82.95 | 79.00 | 85.00 | 77.71 | 0.786 times |
| 07 Fri Jun 2024 | 77.15 | 84.00 | 86.00 | 62.55 | 2.718 times |
| 31 Fri May 2024 | 81.70 | 86.55 | 87.80 | 80.70 | 0.604 times |
| 24 Fri May 2024 | 86.45 | 84.00 | 91.45 | 84.00 | 1.528 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 Fri Jun 2024 | 84.30 | 84.00 | 86.50 | 62.55 | 1.19 times |
| 31 Fri May 2024 | 81.70 | 89.80 | 91.45 | 80.70 | 0.507 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 26, 22, 7 | Buy |
| MACD | -2, -3 | Buy |
| Stochastics | 75 | Buy |
| CCI | 111 | Buy |
| RSI | 53 | Buy |
| OBV | -3454216 | Sell |
| VWAP | 82 | Buy |
| ADL | 0 | Sell |
| ROC | 10 | Buy |
| Force Index | 0 | Sell |
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
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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 82.02 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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