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(GULFPETRO) Gp Petroleums complete technical analysis [charts+indicators] | Buy/Sell Gp Petroleums | (GULFPETRO) share price targets

Complete technical analysis of Gp Petroleums (GULFPETRO) by charts plus indicators, forecast predictions and share price targets for Gp Petroleums (GULFPETRO)

10 day averaged volume of Gp Petroleums is 99844

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 64.35 63.40 65.00 63.10 0.798 times
16 Thu May 2024 63.40 63.60 64.55 62.90 0.641 times
15 Wed May 2024 63.50 64.85 64.85 63.00 0.772 times
14 Tue May 2024 63.45 64.20 64.25 62.75 0.492 times
13 Mon May 2024 63.75 62.70 64.80 60.95 0.757 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 63.4 as stoploss in an intra day buy trade for a target of 65.44. However, stock will show a bearish move below 63.4.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type Value
Downside Target 57.25
Downside Target 60.10
Downside Target 63.90
Upside Target 68.50
Upside Target 68.60
Upside Target 69.75
Upside Target 70.00
Upside Target 73.40
Upside Target 78.80
Upside Target 81.45
Upside Target 90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type Value
Downside Intraday Target 61.87
Downside Intraday Target 59.38
Upside Intraday Target 65.92
Upside Intraday Target 67.48
Downside Intraday Target 63.43

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 64.35 62.70 65.00 60.95 0.529 times
10 Fri May 2024 62.70 67.35 68.50 60.85 0.701 times
03 Fri May 2024 67.05 67.10 69.75 65.10 1.09 times
26 Fri Apr 2024 67.10 66.70 70.00 65.35 1.302 times
19 Fri Apr 2024 65.35 66.15 68.60 63.90 0.412 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 Gp Petroleums (GULFPETRO)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 64.35 69.40 69.75 60.85 0.257 times
30 Tue Apr 2024 68.35 62.00 73.40 61.90 0.197 times
28 Thu Mar 2024 60.35 67.70 90.20 57.25 2.805 times
29 Thu Feb 2024 66.75 73.15 78.80 60.10 1.8 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 Gp Petroleums (GULFPETRO)

Indicator Name Indicator Value Indicator Signal
ADX 10, 18, 30 Sell
MACD -1, -1Sell
Stochastics 35None
CCI 36Buy
RSI 52Buy
OBV -48689Sell
VWAP 64Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Gp Petroleums ( (GULFPETRO) ) 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 Gp Petroleums ( (GULFPETRO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) 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 Gp Petroleums ( (GULFPETRO) ) 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 Gp Petroleums stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Gp Petroleums 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.

Gp Petroleums 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 Gp Petroleums 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

Stock of Gp Petroleums is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.66 and Gp Petroleums (GULFPETRO) 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 Gp Petroleums (GULFPETRO) stock. Volume based technical analysis of Gp Petroleums (GULFPETRO) stock is negative.

Gp Petroleums 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.

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